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Wall Street's losing streak deepens as Trump's tariffs kick in
Stocks tumbled in morning trading on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day. The tariffs between the U.S., China, Canada, and Mexico has helped to extend a recent slump for U.S. stocks that was prompted by signs of weakness in...
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Giant chipmaker TSMC to spend $100B to expand chip manufacturing in US, Trump announces
Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said Monday.
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Kroger CEO Rodney McMullen resigns following investigation into personal conduct
Kroger Chairman and CEO Rodney McMullen is stepping down after an internal investigation into his personal conduct.
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What's the best business advice these Latino industry leaders have received?
We asked Latino entrepreneurs and leaders at the La Cena event in Los Angeles, CA to share the best business advice that they have received in their careers.
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Economic Blackout: Will a 24-hour boycott make a difference for DEI backlash?
A grassroots organization is encouraging U.S. residents not to spend any money Friday as an act of “economic resistance” to protest what the group’s founder sees as the malign influence of billionaires, big corporations and both major political parties on the lives of working Americans. The People’s Union USA calls the 24 hours of spending abstinence set to start at...
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Some people online are planning an ‘economic blackout' Friday. What does that mean?
An effort to encourage U.S. consumers to participate in a day of protest by not spending money Friday has picked up momentum online, with thousands of people across social media saying they plan to take part in the “economic blackout.”
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Stock market today: Wall Street slumps as AI mania sputters
U.S. stock indexes are slumping further from their records Thursday as Wall Street’s frenzy around artificial-intelligence technology weakens some more. The S&P 500 was down 1% in late trading and on track for its fifth drop in six days after setting an all-time high set last week. Worries about stubbornly high inflation and its possible worsening because of President Donald Trump’s tariffs have been behind much...
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Wegmans opens its first supermarket on Long Island
Attention, Wegmans shoppers! The beloved grocer celebrated the grand opening of its first store on Long Island Wednesday — a 101,000-square-foot supermarket in the DSW plaza at the corner of Middle County Road and Moriches Road in Lake Grove. Doors opened at 9 a.m., with a line of eagerly awaiting shoppers wrapped around the building, some waiting more than an…
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Why is the stock market down?: Wall Street slides on Tuesday
Wall Street is falling again Tuesday as U.S. households get more pessimistic about the economy because of inflation, tariffs and other policies coming from Washington. The S&P 500 was down 1% in morning trading. It’s coming off a three-day losing streak after setting an all-time high last week. The Dow Jones Industrial Average was down 138 points, or 0.3%, as…
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Starbucks laying off 1,100 corporate workers as sales decline
Starbucks CEO Brian Niccol said the company will be laying off more than 1,100 corporate employees after sales declined for four straight quarters.
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Stock market today: Wall Street retreats from its record as Walmart slides
Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes Thursday. The S&P 500 was down 0.6% in morning trading after setting all-time highs in each of the last two days. The Dow Jones Industrial Average was down 439 points, or 1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.7% lower. Walmart helped...
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In national DEI dismantle, corporate charity efforts could be next
Companies are scaling back or abandoning DEI goals related to hiring and suppliers. Corporate charities are not safe from Trump administration attacks either.
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Trump Media reports $400 million in 2024 losses
Trump Media & Technology Group is worth almost $7 billion, but the company generated less than $4 million in revenue in 2024, according to a new filing.
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Joann fabric and craft company announces plans to close 500 stores amid Chapter 11 bankruptcy
Joann, the well-known fabrics and craft store company, has announced plans to close approximately 500 stores across the country as it seeks to reorganize during Chapter 11 bankruptcy protection, the company announced this week. “As part of the ongoing Chapter 11 process and our efforts to maximize the value of the business, JOANN has filed a motion seeking court authority…
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5 things to know about Trader Joe's
Here are five things to know about grocery store chain Trader Joe’s.
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All Quiksilver, Billabong and Volcom stores to close in US
All Quiksilver, Billabong and Volcom stores will close in the U.S. after their operator filed for bankruptcy.
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What is a conglomerate?
U.S. conglomerates have been pressured by shareholders to simplify their structures, allowing each segment of the company to move more freely and adapt to changes in their respective markets.
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Honeywell follows US conglomerates with plan to split into three companies
Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa. Honeywell said Thursday that the move means there will be three publicly listed companies, when also accounting for its previously announced plan to spin off its advanced materials business.
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Higher egg prices leading some consumers to novel idea: rent chickens
With egg prices rising due to avian flu, some consumers are turning to backyard chicken rentals.
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25-year-old hired a TikTok coach for $400 a month — now her business brings in $6.5 million a year
Charlotte Trecartin built her water bottle accessory company CharCharms through TikTok, and took it to a recent episode of ABC’s “Shark Tank.”