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Categories Business

Fed chair Jerome Powell: No sign of stagflation in U.S. economy

Author May 4, 2024

Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high

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Categories Business

Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.

Author May 4, 2024

Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of

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Categories Business

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

Author May 4, 2024

Skydance Media is prepared to walk away from its offer for Paramount Global unless it receives a firm commitment from controlling shareholder Shari Redstone,

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Categories Business

The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

Author May 4, 2024

America’s job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a

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Categories Business

Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

Author May 3, 2024

Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in

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Categories Business

Dave & Buster’s to let players bet against each other on arcade games

Author May 3, 2024

Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on arcade games. The

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Categories Business

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt

Author May 3, 2024

Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it

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Categories Business

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

Author May 3, 2024

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a

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Categories Business

Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.

Author May 3, 2024

Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of

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Categories Business

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s

Author May 2, 2024

It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday.

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