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Categories Business

U.S. economy added 223,000 jobs in December, as strong jobs market tops expectations

Author January 7, 2023

Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the

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Categories Business

Mercedes-Benz recalls 324,000 vehicles over water-intrusion issue that could stall engines

Author January 7, 2023

Mercedes-Benz is recalling 324,000 vehicles that are at risk of stalling due to a water-intrusion defect. The notice affects Mercedes ML and GLE

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Categories Business

Stocks stage first big rally of 2023 as hope grows that inflation will ease, Dow closes up nearly 700 points

Author January 7, 2023

U.S. stocks advanced Friday after the December jobs report and an economic activity survey showed signs that inflation may be cooling, signalling

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Categories Business

Trader Joe’s accused of harmful levels of lead and cadmium in some chocolate products

Author January 7, 2023

Trader Joe’s is accused in a lawsuit of misleading and endangering shoppers by selling dark chocolate that contains harmful levels of lead

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Categories Business

DeSantis moves to bring Disney’s special Florida district under direct state control

Author January 7, 2023

Florida Gov. Ron DeSantis will seek to bring Disney’s special governing district under direct state control in a bid to end the

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Categories Business

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

Author January 6, 2023

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. The retailer, citing worse-than-expected sales, issued a “going concern”

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Categories Business

Amazon says it will cut over 18,000 jobs, more than initially planned

Author January 6, 2023

Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall

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Categories Business

American Airlines faces penalties for punishing flight attendants who reported toxic cabin fumes

Author January 6, 2023

American Airlines illicitly retaliated against flight attendants who reported toxic fumes entering airplane cabins, according to an investigation by the Occupational Health

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Categories Business

White-collar layoffs soar at brand-name companies amid concerns of economic slowdown

Author January 6, 2023

At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But

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Categories Business

Peloton to pay $19M fine for failing to report treadmill hazards and selling recalled equipment

Author January 6, 2023

Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company

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