The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming
Category Archives: business
'Pharma bro' Martin Shkreli released from prison, sent to halfway house
Martin Shkreli, a former pharmaceutical investor convicted of securities fraud, has been released from prison after having served part of a seven-year sentence.
Gas prices hit $4 a gallon in all 50 states for the first time
It’s an inauspicious record: For the first time, gas prices in all 50 U.S. states have hit an average of at least $4 per gallon, according to data from AAA,
Dow rallies 400 points as market comeback from the year's lows gains steam
U.S. stocks rose on Tuesday as the market bounce back from a punishing bear market for the tech-heavy Nasdaq and a sharp pullback for the S&P 500 gained steam.
Netflix lays off 150 employees as the streaming service contends with big subscriber losses
Netflix is laying off around 150 employees across the company, CNBC confirmed Tuesday.
FDA says it will take 'weeks' to deliver more baby formula to store shelves
The nationwide shortage of baby formula has left parents scrambling to find product as the Biden Administration vows to step in.
As the crypto market crashes, some fear a larger financial crisis could follow
The cryptocurrency market dropped by almost $2 trillion since its peak in November. How would a crypto crash affect the economy at large? Experts weigh in.
Nestle flies baby formula supplies to U.S. from Europe to alleviate shortage
Nestle SA is flying baby formula supplies to the United States from the Netherlands and Switzerland to alleviate the shortage in U.S. supermarkets.
California judge rules law to include women on boards of directors unconstitutional
A Los Angeles judge has ruled that California’s landmark law requiring women on corporate boards is unconstitutional.
Uber launches electric-car service featuring fleet of Teslas
Uber is launching a new electric vehicle service that will allow users to request a ride in an electric vehicle.