Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with their own rising costs. Lower-cost oatmeal, pickles, granola bars...
Tag: Business
Stock futures fall slightly as Wall Street braces for a busy week of earnings, Fed meeting
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE U.S. stock futures fell slightly on Sunday night, coming off a positive week for the major averages, as traders brace for the busiest week ...
How to Invest During a Bear Market: 6 Tips
If you’re new to the stock market, you’ve probably had a rude awakening: The value of your investments has declined in the past few months. While that may be worrisome, don’t panic. A bear market—defi...
WHO declares spreading monkeypox outbreak a global health emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization has activated its highest alert level for the growing monkeypox outbreak, declaring the virus a public health emergency of inte...
A West Coast port worker union is fighting robots. The stakes are high
Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotte...
The Federal Reserve’s inflation fight and the U.S. housing market
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything...
Biden administration considering public health emergency
A Northwell Health staff member holds the monkeypox vaccine, at Cherry Grove on Fire Island, New York, where monkey pox vaccines were administered on July 14, 2022. James Carbone | Newsday | Getty Ima...
Vince McMahon retires as WWE CEO after sexual misconduct probe
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment CEO Vince McMahon announ...
Verizon shares fall after company cuts full-year forecast
A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell Friday after the company reported second-quarter earnings that fell shy o...
The Weekend Shift: Crypto, Chess and Business
Welcome to the 77th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen su...
Here’s what Cadillac’s new $300,000 electric sedan will look like
The Cadillac Celestiq show car previews an upcoming electric sedan for General Motors. GM DETROIT – General Motors on Friday previewed what its most expensive Cadillac ever will look like as the autom...
Europe’s energy giants explore potential of floating solar
This illustration shows how SolarDuck’s technology could be deployed at sea. SolarDuck German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar tec...
Volkswagen-backed Northvolt to develop wood-based batteries for EVs
This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunket...
Jim Cramer offers his favorite stock picks for 3 possible recession scenarios
CNBC’s Jim Cramer on Thursday gave investors his top stock picks for three different recession outcomes. “We’ve got mild, we’ve got moderate and we’ve got severe. … . Can...
The Best Tech CEOs: What Matters Most
Text size Shopify CEO Tobi Lütke spent years programming before he co-founded the e-commerce software firm. He has said he knows how long projects will take—and which initiatives to choose—because of ...
Creating an internal Communist Party committee could be the cost of doing business
One of the world’s biggest banks, and Europe’s second-largest lender, is showing that it’s playing by China’s rules. London-headquartered HSBC has become the first international bank to establish a Ch...
Start your own Crypto business with these 3 easy tips!
So, you’ve gotten into cryptocurrency and decided to try your hand at starting your own crypto business? You should know that there’s a lot of competition. Everyone is hopping on the altcoin bandwagon...
My wife inherited a 401(k)–what’s the best way to avoid a big tax hit?
Q.: My wife inherited a 401(k) from my mom who died recently. How do we handle this? If she takes her share out will it count as income for us on our taxes? I read that we can’t roll it over into our ...
It’s the end of ‘fantasyland’ for Big Tech and its workers
After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to r...
Disrupted but not devastated. How to save your business after rock bottom via STO? –
The cryptocurrency market hit rock bottom and the whole business world Web3, but still didn’t make it stop. The financial market failure caused inevitable complications and made us change business mod...
American Express, Verizon, Schlumberger and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Ca...
Avoid GE stock ahead of earnings as Wall Street’s expectations haven’t fallen far enough, analyst says
Expectations for General Electric Co.’s second-quarter profit and sales have been reduced significantly in recent months, but there are still those on Wall Street who believe they haven’t come down en...