Business News

Starbucks workers on strike today at more than 100 U.S. outlets Thu, Nov 17th 2022 at 11:17 am
The walkouts are timed to coincide with Starbucks' Red Cup Day, when the company gives free reusable cups to customers ...
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Tech layoffs signal slowing economy but not yet a recession Thu, Nov 17th 2022 at 11:00 am
Economists say the cuts have been triggered by unusual events, such as Elon Musks purchase of Twitter, that arent a ...
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About 2,000 Starbucks workers stage one-day strike at more than 100 stores Thu, Nov 17th 2022 at 10:00 am
More than 2,000 employees at 112 Starbucks locations are set to go on a one-day strike Thursday, according to the union which ...
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Bath & Body shares soar, Cisco gains, jobless claims and more: Thursday's 5 things to know Thu, Nov 17th 2022 at 8:51 am
Traders will be watching premarket trading reaction to quarterly earnings reports from Cisco and Bath & Body Works.
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Global benchmarks mostly decline amid China worries Thu, Nov 17th 2022 at 6:46 am
Global shares mostly declined Thursday amid concerns about the impact of China's zero-COVID strategy mixed with hopes for economic activity ...
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Average 401(k) balances drop below $100,000: Fidelity Thu, Nov 17th 2022 at 5:30 am
Retirement investors at Fidelity have seen the average 401(k) balance slip below $100,000 and the rate of saving has slowed.
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Bankman-Fried Tells His Side of the Story of FTX Collapse in Tweets Thu, Nov 17th 2022 at 5:09 am
Confronted by a crypto crisis he helped spark, former FTX.com Chief Executive Officer Sam Bankman-Fried is tweeting through it.
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What is the FTX scandal? How the celebrity-endorsed crypto giant collapsed into chaos Thu, Nov 17th 2022 at 1:18 am
The cryptocurrency FTX has filed for bankruptcy. Its implosion could have ripple effects on the entire cryptocurrency market.
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Mortgage rates fall below 7% in the largest weekly drop since July as inflationary pressures ease Wed, Nov 16th 2022 at 5:59 pm
The average interest rate on a 30-year fixed-rate mortgage has fallen to 6.9% from 7.14%, the Mortgage Bankers Association said.
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Changpeng 'CZ' Zhao won this crypto war. Is he any better than Sam Bankman-Fried? Wed, Nov 16th 2022 at 5:58 pm
CZ took down SBF's rotten empire and is now king of crypto. But some doubt he is the best choice ...
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Elon Musk sends middle-of-the-night email demanding 'extremely hardcore' work culture at Twitter with 'long hours at high intensity' Wed, Nov 16th 2022 at 5:52 pm
Twitters employees have been on a rollercoaster for a while now.A months-long fight over whether or not Elon Musk ...
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FTX crypto investors sue founder Sam Bankman-Fried and celebrity promoters Wed, Nov 16th 2022 at 5:04 pm
A class-action lawsuit filed Tuesday alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled ...
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Coffee prices are crashing. What it means for your cup of joe Wed, Nov 16th 2022 at 4:14 pm
Coffee futures are crashing. But that might not mean too much for the price of your cup of coffee. In ...
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They pulled money out of FTX at last minute before its bankruptcy: 'Thank God I dodged it twice' Wed, Nov 16th 2022 at 3:54 pm
Traumatized by earlier crypto collapses, some retail investors were trained to move their money out of FTX as soon as ...
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Billionaire investor Ray Dalio warns the US and China are 'dangerously close' to a war that would crush economic growth Wed, Nov 16th 2022 at 12:35 pm
President Xi Jinping appeared to hint at a possible conflict with the US over Taiwan when he warned China to ...
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The market loved the CPI and PPI data, but here are four worrying signs about lingering inflation Wed, Nov 16th 2022 at 11:49 am
NEED TO KNOW What last weeks consumer price, and then Tuesdays producer price index data, both show is that the ...
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Mortgage rates, inflation fears pump brakes on Greater Boston housing market Wed, Nov 16th 2022 at 11:33 am
Our uncertain economic outlook, driven by inflation, is continuing to push both prospective buyers and sellers from the housing market.
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Target's 3Q profit drops 52% as shoppers force price cuts Wed, Nov 16th 2022 at 11:32 am
An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target ...
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Target earnings miss by a mile amid 'significant change in consumer shopping patterns' Wed, Nov 16th 2022 at 11:30 am
In the latter weeks of the quarter, sales and profit trends softened meaningfully, with guests shopping behavior increasingly impacted by ...
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Lowe's Tops Q3 Earnings Forecast, Boosts Profit Outlook On Solid Demand Wed, Nov 16th 2022 at 11:09 am
Lowe's followed Home Depot with stronger-than-expected third quarter earnings powered by home improvement demand in a weakening housing market.
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