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Categories Business

Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

Author August 22, 2024

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which

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Categories Business

U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy

Author August 22, 2024

U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds

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Categories Business

Fed minutes point to ‘likely’ rate cut coming in September

Author August 22, 2024

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut

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Categories Business

Ford delays new EV plant and cancels electric three-row SUV as it shifts strategy

Author August 22, 2024

DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a

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Categories Business

Target CEO addresses price gouging accusations in retail

Author August 22, 2024

There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s “Squawk

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Categories Business

More than 28% of Americans are searching for new jobs — the highest rate in a decade

Author August 22, 2024

A new labor market survey shows Americans have rarely felt more in need of new job opportunities — an indication of a

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Categories Business

European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms

Author August 21, 2024

The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing

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Categories Business

Starbucks’ new CEO will supercommute 1,000 miles from California to Seattle

Author August 21, 2024

Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee

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Categories Business

How the Inflation Reduction Act sparked a manufacturing and clean energy boom

Author August 20, 2024

The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in

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Categories Business

GM lays off more than 1,000 salaried software and services employees

Author August 20, 2024

DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline

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