The S&P 500 Is In A Bear Market; Here’s What That Means
NEW YORK (AP) — Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors.
The Federal Reserve has signaled it w...
No Bartender Required: Premixed Jack And Coke Going On Sale
It’s a Jack and Coke with no bartender required.
Coca-Cola Co. said Monday it’s partnering with Brown-Forman Corp. __ the maker of Jack Daniel’s Tennessee Whiskey __ to sell pre...
Early Bids For Final Charity Lunch With Buffett Top $3M
OMAHA, Neb. (AP) — Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already topped $3 million.
It ...
Automakers Ask Congress To Lift Electric Vehicle Tax Cap
NEW YORK (AP) — Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles.
In a letter...
Bitcoin Plunges As Major Crypto Lender Halts Operations
NEW YORK (AP) — Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major crypto lender halted all withdrawals citing “extreme market conditions.”
It is ...
Tesla Proposes A 3-for-1 Stock Split; Ellison To Leave Board
NEW YORK (AP) — Tesla proposed a three-for-one split of its stock on Friday, a move that will make a single share of the electric car maker more accessible to investors but not aff...
US Inflation Hit a New 40-Year High Last Month of 8.6%
WASHINGTON (AP) — The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising cost...
More Americans Apply For Jobless Benefits Last Week
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.
Applications for unem...
Trump Set To Undergo Questioning In July In NY Civil Probe
NEW YORK (AP) — Former President Donald Trump, his namesake son and his daughter Ivanka have agreed to answer questions under oath next month in the New York attorney general's civ...
High Prices, Low Inventory, A New Norm For Car Shoppers
NEW YORK (AP) - Shopping for a new or used car over the last couple of years has become a more challenging endeavor. Because of the COVID-19 pandemic and its after-effects, we’ve h...
Amazon Says It Prevented 4 Billion Bad Listings In 2021
Amazon, which has been under increasing pressure to tackle counterfeit products, said in its second-annual report that it prevented 4 billion bad listings from making it onto its s...
Crypto Meltdown Is Wake-Up Call For Many, Including Congress
NEW YORK (AP) — Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. Novice investors took to online forums to share tales of decimated ...
Treasury Secretary Yellen Expects Inflation To ‘Remain High’
WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when descr...
Facing Huge Inventory, Target Cuts Vendor Orders, Prices
NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it's slashing prices further to clear out amassed inventory ahead of the cr...
Financial Firm Morningstar Admits To Errors On Israel In Bid To Quell Boycott Controversy
NEW YORK (JTA) - Pro-Israel activists are declaring a victory against the Israel boycott movement after a financial services company vowed to make changes to avoid inadvertently st...
Musk Threatens To Walk Away From Twitter Deal
DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake a...
Walmart Adding 4 Fulfillment Centers, More Than 4,000 Jobs
Walmart is adding four new fulfillment centers to its existing capacity, a move that will bring more than 4,000 jobs and make next- or two-day shipping available to more Americans....
US Has Over 750 Complaints That Teslas Brake For No Reason
DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on the automaker's partially automated driving systems have suddenly stopped...
Bill To Limit Cryptomining Passes New York Legislature
ALBANY, N.Y. (AP) — A milestone measure that would tap the brakes on the spread of cryptocurrency mining operations burning fossil fuels in New York has passed the state Legislatur...
Amazon To Close Kindle Bookstore In China, Halt Device Sale
Amazon said Thursday that it will shut down its digital Kindle bookstores in China and stop selling the device to retailers in the country to readjust the focus of its business.
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