Biden admin seeks to boost tourism, trade with Raimondo's China visit
Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.
Consumers want AI to help manage their personal finances: study
A new study by Intuit Credit Karma via Qualtrics found that American consumers want generative artificial intelligence tools to help them manage their personal finances.
True value of US dollar: Strength, fluctuating currencies
The value of the dollar, compared to other currencies, has seen historical fluctuations over the years, with many factors affecting changes in its value.
Subway agrees to sale to Roark Capital, ending nearly 6 decades of family ownership
Sandwich chain Subway has been owned by the families of its founders for nearly six decades, but in February announced it was exploring a possible sale.
Juul Labs ‘substantially reducing headcount’ to save money ahead of litigation settlements
Juuls Labs announced on Wednesday it was ‘saying goodbye to highly valued team members’ to hedge economic and compliance-related headwinds, impacting 250 people on the company’s staff.
Lowe’s, Dick’s Sporting Goods earnings, Fed’s Jackson Hole Symposium, Fox GOP debate top week ahead
Another week of retail earnings is slated on Wall Street, along with fresh reports on existing and new U.S. home sales as well as the Fed's Jackson Hole Symposium.
Maryland man wins big in lottery with 15 identical jackpot tickets
A Maryland resident in Prince George County has won a grand prize of $750,000 after his 15 lottery tickets, each with identical numbers, hit in a single drawing.
Sotheby's added to lawsuit from ‘Bored Apes’ over celebrity-backed NFTs
Sotheby’s Holdings has been named in a lawsuit led by plaintiffs with the Bored Ape Yacht Club against non-fungible tokens (NFT) company Yuga Labs.
Walmart raises outlook as food, online sales boom
Walmart shoppers are doing just that, shopping across the board, which allowed the world's biggest retailer to raise its full-year outlook for profits and sales.
Intel drops multibillion-dollar deal to buy Israeli chipmaker Tower Semiconductor
Intel Corp. scrapped a $5.4 billion deal to acquire contract chipmaker Tower Semiconductor after the merger agreement expired without China giving regulatory approval.
Home Depot customers go big on smaller projects
Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.
Sam Bankman-Fried siphoned $100M stolen from customers into US politics to influence crypto legislation: feds
FTX founder Sam Bankman-Fried is accused through a superseding indictment of using stolen customer funds in a "wide-ranging political influence operation."
Bitcoin gift cards amplifying spending power of crypto
Consumer bitcoin provider Azteco recently announced a $6 million seed funding round at an $84M valuation led by Jack Dorsey as the company introduces Bitcoin gift cards.
Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B
Coach parent Tapestry will acquire Capri Holdings for $8.5 billion in cash to create a U.S. fashion house that can compete with larger contemporaries in Europe.
Meat business owner ordered to pay $1,143 fine after teen worker loses hand in grinder accident
The owner of a meat establishment in Michigan was ordered to pay a fine of $1,143, due to a 17-year-old employee suffering the loss of his hand in a grinding machine.
ESPN, Penn Entertainment to launch sports betting platform as Dave Portnoy buys back Barstool Sports
ESPN and Penn Entertainment have announced a new partnership that gets the sports media giant officially into the sports betting realm. Penn relaunched its platform as ESPN BET.
Wells Fargo, BNP among firms fined $260 million over use of WhatsApp, texts
Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.
US debt downgrade could mean trouble ahead. We should heed the warnings
Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?
Tyson Foods closing 4 US chicken plants
Tyson Foods announced that it will close four more chicken plants in the U.S. to cut costs. The company did not say how many employees would be affected.
Manchin swipes at Biden, both parties on Fitch credit rating downgrade: 'Stark warning'
Sen. Joe Manchin, D-W.Va., slammed President Biden and both parties after Fitch downgraded the U.S. debt rating, saying, "America's superpower status is in jeopardy."