Category: Business
Retailers Raise Store Card APRs to Record Highs Ahead of Fed Rate Cuts
Dozens of major U.S. retailers increased the interest rates on their store-branded credit cards to record levels in the year before the Federal Reserve began [more…]
Schneider Electric Ousts CEO Peter Herweck in Surprise Move
In a surprising move, Schneider Electric (SCHN.PA) has removed CEO Peter Herweck from his position due to differences in how the company’s strategy was being [more…]
Eli Lilly’s Stock Faces Setback After Weight-Loss Drug Sales Miss Estimates
Eli Lilly, the world’s most valuable drugmaker, saw a sharp decline in its stock price after missing quarterly sales expectations for its blockbuster weight-loss drugs, [more…]
General Motors Reports Strong Q3 Earnings, Eyes Record Profits for 2024
General Motors (GM) surprised analysts with much stronger-than-expected third-quarter earnings, positioning the company for potentially record-breaking profits in 2024. This impressive performance comes just a [more…]
Walgreens to Close 1,200 Stores Amid Struggles with Online Competition and Prescription Costs
Walgreens, one of the largest drugstore chains in the U.S., is set to close approximately 1,200 stores as the company grapples with growing competition from [more…]
Prime Big Deal Days 2024: Massive Holiday Savings Across Top Categories
Amazon’s Prime Big Deal Days 2024 is happening on October 8-9, giving Prime members access to millions of exclusive deals across categories like electronics, fashion, [more…]
Starbucks Invests in Innovation Farms to Protect Coffee Supply from Climate Change
In response to the growing challenges posed by climate change, Starbucks has invested in two new coffee farms in Central America. The coffee giant, which [more…]
Shipping Container Operations Halted at North Carolina Ports Amid East Coast Strike
Shipping container operations at the Port of Wilmington, North Carolina, have come to a standstill as tens of thousands of dockworkers across the East Coast [more…]
DirecTV Merges with Dish in a $1 Deal
DirecTV announced Monday that it is acquiring rival Dish Network, marking the end of decades of on-and-off merger talks between the two satellite services. Both [more…]
Machinists Strike Faces Turning Point with Boeing’s New Proposal
In an effort to end the strike that is threatening to impact its operations, Boeing has significantly raised its contract offer to the Machinists union. [more…]
