Big Changes for US Workers: Overtime Pay, Non-Compete Restrictions Explained
This week, the federal government took two steps that could have far-reaching effects for millions of American workers.
Apr 26, 2024 01:34 PM EDT
Elon Musk's Promise of Affordable EVs Sends Tesla Shares Skyrocketing
Following CEO Elon Musk's announcement that the electric car business intends to start producing new, reasonably priced EV models by early 2025, Tesla shares finished up 12% on Wednesday.
Costco's Gold Bars Part II: From Africa to the Alps to You
So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.
Short on Cash? A Guide to Using Earn-Wage Apps Safely and Affordably
Several businesses provide a lending service known as Earned Wage Access, including EarnIn. In order to help workers meet their daily necessities and pay their obligations, the applications provide tiny, short-term loans to them between paychecks.
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PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon
In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.
Dec 11, 2023 09:17 AM EST
Macy's Faces Potential Buyout as Investors See Opportunity
According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.
Dec 10, 2023 10:59 PM EST
Amazon Uncovers Massive Fraud Scheme Involving Fake Product Returns
Amazon is taking legal action against an alleged international fraud ring accused of pilfering millions through a scheme that facilitated refunds for pricey items without the need to return them.
Dec 09, 2023 07:33 AM EST
How Businesses and Households Can Prepare for a Soft Landing or a Recession
Together with a plethora of other recent economic statistics, the strong hiring indicated in Friday's employment report for November is raising expectations that the U.S. economy will have a "soft landing" next year as opposed to the much-feared recession.
Dec 10, 2023 04:50 AM EST
Investors Flee US Stocks as Economic Data Hints at a Possible Downturn
In the tumultuous landscape of U.S. financial markets, the seven days leading up to December 6 unfolded as a continuation of withdrawals from U.S. stock funds for a second consecutive week.
Dec 08, 2023 11:10 AM EST
Job Market Sees November Surge, But Underlying Trend Points to a Looming Slump
November saw a significant pick-up in U.S. job growth as thousands of actors and autoworkers returned to the workforce following strikes; nevertheless, the underlying trend is likely to indicate a cooling labor market.
Dec 08, 2023 07:26 AM EST
Inventory Mystery Deepens: Retail Industry Pulls Back on Organized Crime Blame
The largest retail trade association in the country, the National Retail Federation, has updated a study from April that retracted the assertion that organized retail crime is responsible for over half of the industry's overall shrinkage. The survey evaluates total inventory loss, including theft.
Dec 08, 2023 09:25 AM EST
High-Priced Prescription Drugs Face Patent Revocation Threat from White House
The Biden administration is putting pharmaceutical corporations on notice, telling them that if the price of some pharmaceuticals becomes too high, the government may revoke their patent protection, allowing competitors to produce their own copies.
Dec 07, 2023 09:43 PM EST
Biden's $4.8 Billion Student Loan Forgiveness Plan Offers New Beginnings for Thousands
On Wednesday, the Biden administration said that it will erase an extra $4.8 billion of 80,300 students' student loan debt.
Dec 07, 2023 08:52 PM EST
Investors Go Gaga for Fine Wine as Global Market Booms
As the French wine region of Beaujolais celebrates the start of a new season, a sign in Villefranche-sur-Saône states, "There are few things in life that can't be enhanced by a fine wine."
Dec 07, 2023 09:10 PM EST
Golden Arches Around the Globe: McDonald's Plans Massive Expansion and AI Integration
In what it hopes to be the "fastest period of growth" in its 60-year history, McDonald's aims to create over 10,000 new locations worldwide by 2027, the business announced in a news release on Wednesday.
Dec 07, 2023 10:56 AM EST
China's Shipments Surge After Six-Month Slump, Bringing Relief to Factories
For the first time in six months, China's exports increased in November, indicating that manufacturers in the second-biggest economy in the world are drawing customers with low prices in an effort to recover from a protracted decline in demand.
Dec 07, 2023 06:49 AM EST