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Browsing: Business

Business

The ‘financial swamp’ of banking regulators who ‘decide’ which Americans get their bank accounts shut down

Senate Banking Committee Chairman Tim Scott, R-S.C., outlined why banking regulators are the root of the issue when it comes to shutting down American...

Business

McDonald's testing CosMc's-inspired drinks at 500 restaurants across the U.S.

McDonald's is shaking things up later this summer with new drink options, including cold brews and refreshers, hitting menus at more than 500 of its U...

Business

Nicole Kidman joins Prince Harry, Meghan Markle escaping to luxe hideway that's angering locals: report

Nicole Kidman and Keith Urban are among the many Hollywood stars flocking to Portugal.According to the local Portuguese media outlet SIC Notícias, the...

Business

GM Corvettes shatter American speed records at legendary racetrack

General Motors Corvette line has been crowned the fastest car by an American manufacturer on Germany's world-famous Nürburgring racetrack. Notably, th...

Business

In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday released statements outlining why they supported an interest rate cut at th...

Business

US-born job gains outpace losses among immigrant workers

American-born job growth surged by close to 2 million in the last 12 months as jobs among foreign-born individuals declined during the same period, ac...

Business

Moderna plans to slash 10% of workforce as COVID shot sales slow

Biotech company Moderna said Thursday it plans to cut 10% of its global workforce and expects to have fewer than 5,000 employees by the end of the yea...

Business

Trading blows: Trump and Hawley make up, but GOP anger continues over stock trade ban

Republicans are pointing the finger at Senate Democrats, former House Speaker Nancy Pelosi, D-Calif., and even one another as the drama surrounding le...

Business

In wake of NYC shooting, panic rooms shift from luxury to necessity

Workplace safety concerns have made panic rooms in office buildings less of a luxury and more of a strategic necessity, according to Geno Roefaro, CEO...

Business

Nvidia denies 'backdoors' in chips after China raises security concerns

Tech giant Nvidia said on Thursday that its chips do not contain any "backdoors" that would allow others to remotely access or control them, following...

Business

Microsoft joins exclusive $4T market cap club after AI surge, joining only one other company

Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. The upward move came after the tec...

Business

Trump leveling the global medicine playing field

President Donald Trump says Americans are paying too much for prescription medications, and he is demanding change. He sent 17 letters to pharmaceutic...