Five-foot Toy Story 3 bear draws crowds at Costco’s first store in ‘China’s Silicon Valley’
More than four years after Costco’s first store in the country caused a stir, shoppers in the southern metropolis of Shenzhen this week flocked to the US retailer’s latest outlet on Chinese shores.
Major travel disruptions - highest US flight cancellations in six months
Winter weather combined with the grounding of the 737 Max 9 planes is causing major disruptions for air travel.
Citigroup to cut 20,000 US employees
Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday.
Poor Bank Earnings This Quarter: Uncovering the Reasons Behind the Slump
JPMorgan Chase kicked off earnings season Friday with a big miss. But that’s because of some strange accounting.
US wholesale inflation closes out 2023 with 1% annual rate in December
US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times.
America’s final inflation report for 2023 just came in
US consumer prices rose 3.4% annually to close out 2023, capping a year of substantial progress on efforts to rein in decades-high inflation.
The last Sears in the New York area is closing. Just over a dozen remain in America
Sears’ last-remaining store in the New York metro area is closing, bringing the number of Sears locations still in existence down to about a dozen.
Game streaming firm Twitch cutting 500 jobs
Video game streaming company Twitch said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts.
No, the SEC has not (yet) approved bitcoin ETFs
Crypto advocates gunning for approval for bitcoin ETFs by the Securities and Exchange Commission got a false alarm on Tuesday afternoon.
Honda announces a new line of electric cars, the Honda 0 Series
Honda unveiled two concept vehicles at the Consumer Electronics Show in Las Vagas that offer an early look at an upcoming line of electric vehicles.
Tropicana is one company that’s ditching AI
Artificial intelligence is going to be on the tip of everyone’s tongue at this week’s Consumer Electronics Show. But there’s one company that doesn’t want it anywhere near its brand.
Big Oil CEO is concerned about potential Middle East escalation, touts record US supply
The American oil industry is on high alert for an escalation of the violence in the Middle East that disrupts the flow of oil out of the region.
OpenAI claims copyright lawsuit from The New York Times is ‘without merit’
OpenAI on Monday pushed back against a lawsuit filed last month by The New York Times alleging that the artificial intelligence juggernaut violated copyright law by using Times journalism to train its systems, calling the suit “without merit.”
Americans haven’t felt this good about inflation in more than three years
The US inflation picture greatly improved in 2023, and so have Americans’ attitudes about it.
Short sellers lost more money betting against Tesla than any other company last year
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on …
