Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10...
Tag: business news
Biden moves toward approval for Alaska oil drilling project
Alaskan oil extraction site. Lowell Georgia | Getty Images President Joe Biden’s administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope ...
Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology and ...
DraftKings cuts 140 jobs
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston. David L. Ryan | The Boston Globe via Getty Images DraftKings is e...
Rivian to lay off 6% of workforce as EV price war concerns grow
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Fed rate decision February 2023: Quarter point hike
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with market expectatio...
Why 2022 was the ‘real year’ of the Great Resignation
andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market...
Stocks moving big midday: PTON, AMD, SNAP
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading Wednesday. Foot Lo...
Amazon may have more robots than humans by 2030
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Flo...
Mortgage demand fell last week, even after interest rates fell further
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged ...
Tom Brady announces NFL retirement, says it’s ‘for good’
Tom Brady #12 of the Tampa Bay Buccaneers looks on before the game against the Los Angeles Rams in the NFC Divisional Playoff game at Raymond James Stadium on January 23, 2022 in Tampa, Florida. Kevin...
ADP jobs report January 2022:
Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers ...
Here’s everything the Fed is expected to do Wednesday
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Chelsea sign Enzo Fernandez in £106.8 million British-record transfer deal
Chelsea had been in talks to sign the World Cup winner throughout January, but Benfica had refused to do business unless the Blues paid his €120m release clause. Nurphoto | Nurphoto | Getty Images Che...
Concerns over golden eagles partly prompt the redesign of wind farm
A golden eagle photographed in Scotland. The bird of prey is protected under the U.K.’s Wildlife and Countryside Act 1981. Education Images | Universal Images Group | Getty Images Plans for an o...
Luxury stocks rally as China reopens, but consumers may shop ‘in-house’
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin...
Jim Cramer says we’re in a bull market, so buy on the dip
CNBC’s Jim Cramer on Tuesday told investors that the market is in bull mode, so declines represent opportunities to buy on a dip. “If we’re in a bull market, and I think we are, you ...
Britain sets out plans to regulate crypto industry in wake of FTX collapse
British Prime Minister Rishi Sunak speaks during a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Images NewS The U.K. formally laid out plans to regulate the cryptocu...
Alec Baldwin officially charged for ‘Rust’ movie shooting
Santa Fe prosecutors on Tuesday filed charges of two counts of involuntary manslaughter against Alec Baldwin for the fatal shooting on set of the “Rust” movie. They alleged that the actor ...
Senators push for Airline Passengers Bill of Rights
Passengers walk past a flight status board in Terminal C at Orlando International Airport that shows many delays, Wednesday, Jan. 11, 2023, after the FAA grounded all U.S. flights earlier in the day. ...
States miss deadline for deal on water cuts
The Hoover Dam water intake towers at Lake Mead, the country’s largest man-made water reservoir, formed by the dam on the Colorado River in the Southwestern United States, has dropped 2 inches e...
Look inside luxury Los Angeles condos seeking record prices
Two developers in California are looking to lure a buyer willing to do something no other buyer has ever done before in Los Angeles history – pay between $50 million and a $100 million for a condo. A...
FDA clearance of Covid shots and treatments won’t slow with end of public health emergency
Vials and a medical syringe seen displayed in front of the Food and Drug Administration (FDA) of the United States logo. FDA finds the COVID-19 vaccine. Pavlo Gonchar | LightRocket | Getty Images The ...
Tax credits vs. tax deductions: How they differ
D3sign | Moment | Getty Images It’s tax season, and households are confronted by a lot of tax jargon when preparing their returns. Two types of tax breaks stand out among all the lingo: credits ...
‘Land grab’ for lithium is just getting started with GM, expert says
Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile, on Tuesday, July 20, 2021. Cristobal Olivares | Bloomberg | Getty Images General Motors‘ announcement on Tue...
James Gunn DC film, TV plans include new Batman, Supergirl
James Gunn speaks onstage at the Marvel Cinematic Universe Mega-Panel during 2022 Comic-Con International Day 3 at San Diego Convention Center on July 23, 2022 in San Diego, California. Daniel Knighto...
Nike sues Lululemon over shoe designs
Nike is suing Lululemon for patent infringement related to at least four of the apparel company’s shoes, extending a contentious legal history between the two companies. In the complaint, filed ...