Just Business – Latest News and Analysis – Page 14 | Straight Arrow News

The British pound took a beating Monday as markets digested the new government's plan to deliver tax cuts while boosting spending and borrowing.

Pound plunges to record low against dollar as markets weigh tax cuts, spending

The Dow Jones Industrial Average tumbled into bear market territory Friday, at one point down roughly 600 points mid-trading day.

Dow dives into bear market territory as recession fears roil stock market

Jeff Bezos and Mark Zuckerberg have lost huge amounts of money this year. Here's who's moving up the billionaire ranks in Five for Friday.

Move over Bezos and Zuckerberg, these 5 billionaires are moving up the ranks

Two Facebook users are suing Meta, claiming the company is tracking and collecting their data across the web without consent.

Meta sued for tracking Facebook users in workaround to Apple’s privacy features

The Fed hiked interest rates by 75 basis points for the third straight meeting after inflation numbers came in hotter than expected for August.

Fed hikes interest rates by another 0.75% while downgrading GDP forecast

As the old saying goes, the cure for high prices is high prices, but that line won't work for food prices, an inflation category Americans can't escape.

Why high food prices will persist even when inflation eases elsewhere

While liberals and conservatives are paying the same at the grocery store, politics are affecting perception of the food inflation rate.

Food inflation is surging. But politics may influence your view of how much.

Credit card companies will now use a new code to identify gun store purchases. But it's unclear what happens next.

Visa, Mastercard, Amex will track gun purchases. But who decides what’s suspicious?

The Bureau of Labor Statistics said the annual inflation rate cooled for the second straight month, reaching 8.3% in August after peaking at 9.1% in June.

August inflation rate slides to 8.3%, falling for second straight month

A railroad strike could cost $2 billion each day and send food prices soaring

Concerns about the economy are forcing some companies to move ahead with job cuts. About 50% of surveyed execs say layoffs are on the way.

Five sectors facing layoffs amid economic uncertainty and high inflation

The battle to bring down inflation may be more painful than the Fed has let on, economists warned Thursday.

Unemployment may need to be higher than Fed predicts to fight inflation

Recession in Germany is inevitable amid Russia's war in Ukraine and the energy shortage that has followed, Deutsche Bank's CEO warned.

Germany recession is unavoidable amid energy crisis: Deutsche Bank CEO

CVS scored big with Signify Health, beating out challengers like Amazon in a bidding war and race to redefine healthcare.

CVS beats out Amazon in $8 billion Signify Health acquisition

The California legislature passed a bill this week that would allow a state council to set wages and worker conditions across the fast food industry.

Fast food workers could make $22 per hour if California bill signed into law

The Honda-LG union comes on the heels of President Biden's push to bring more EV battery manufacturing to the United States.

Honda, LG join for $4.4B EV battery plant in US in move away from China

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

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

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