Business

Powell warns of ‘pain to households and businesses’ in bringing down inflation

Moderna sues Pfizer for COVID-19 vaccine patent infringement

While Amazon is the king of ecommerce, Walmart is moving in on that territory. Here's how Walmart is trying to compete.

Battle of the retail giants: 5 ways Walmart is competing with Amazon

Economists expect President Joe Biden's sweeping student loan relief action will add fuel to the inflation fire already facing the nation.

Student loan relief will increase inflation, wipe out Inflation Reduction Act benefits

Biden "wiping out all this debt" won't get to root of student loan problem, experts said. Still, the "one-time shot" will cost around $300 billion.

Biden’s student loan cancellation will be ‘all for naught’ without systemic solutions

After a nearly 2.5 year student loan payment pause, the looming August 31 deadline has borrowers and loan servicers scrambling for answers.

Biden’s student loan decision down to wire, leaving millions in the dark

A whistleblower, former Twitter security chief, said the platform is failing to protect user data and lying to the company's board and federal regulators.

Whistleblower: Twitter riddled with security problems, execs lying to board

Amazon’s Signify Health bid marks latest attempt to expand into healthcare

Ford Motor Company announced it plans to appeal the nearly $2 billion verdict issued against the company over some of its roofs late last week.

Ford to appeal $1.7B verdict over ‘useless’ pickup truck roofs

After four Fed rate hikes, we have ways to benefit from rising interest rates

There are signs the Fed is starting to destroy demand in its attempt to temper inflation, but food and housing are proving to be problematic.

Investors underestimating Fed’s resolve to bring down inflation, insider says

"Quiet quitting" has been gaining popularity among social media users, aiming to help employees everywhere find a better work-life balance.

Some employees are ‘quiet quitting’ in latest viral workplace trend

The housing market has slowed for the sixth consecutive month in July. Existing home sales fell 5.9% last month from June.

Despite major slowdown in housing market, prices to buy remain high

CVS, Walgreens, and Walmart have been ordered to pay up for damages related to the opioid crisis in two Ohio counties.

CVS, Walgreens, Walmart to pay $650M, ruled responsible in opioid crisis

GM has recalled 484,000 vehicles after finding a problem with third row seatbelts. The problem could increase injury risk in the case of an accident.

GM seatbelt debacle forces recall of 480,000 vehicles

On Tuesday, Walmart surprised investors and analysts by beating expectations for earnings and revenue in the fight against inflation.

Walmart is attracting higher-income families in the fight against inflation

U.S. stocks and commodities fell Monday morning after troubling growth numbers from China, which cut key interest rates in response.

China’s surprisingly sluggish growth in July drags down global economy

Starbucks has questioned the legitimacy of union elections after allegations of misconduct in elections, asking that mail-in voting be suspended.

Starbucks requests suspension of mail-in voting in union elections

Johnson & Johnson is saying goodbye to talc-based baby powder worldwide next year. It will replace the key ingredient with cornstarch.

Johnson & Johnson to end sales of talc-based powder

Airlines have cut tens of thousands of scheduled flights in November, struggling with staff shortages since the COVID-19 pandemic.

Airlines cut tens of thousands of November flights amid staff shortages

Firms like Netflix, Microsoft and Meta have spent billions to get in on the pandemic-fueled video game boom. Here are 5 deals that may not pay off.

Netflix makes games? Five gaming investments that have yet to pay off

A federal judge has ruled Walgreens contributed to San Francisco's opioid crisis. Walgreens was accused of over-dispensing opioids without proper oversight.

Walgreens held liable for San Francisco’s opioid crisis, judge finds

Ford announced Tuesday the starting price tag for its 2023 model increased by $7,000, as electric vehicle prices climb amid a green energy push.

Ford announces price hike on electric vehicles, follows other automakers

faa pilot retirement seat

Lawmakers push to raise pilot retirement age, FAA polls public on seat size