Walmart lays off corporate employees after slashing forecast

Walmart is laying off corporate employees, the company confirmed Wednesday. The retail giant described the layoffs as a way to “better position the company for a strong future.” Walmart declined...

Walmart lays off corporate employees after slashing forecast

Walmart is laying off corporate employees, the company confirmed Wednesday. The retail giant described the layoffs as a way to “better position the company for a strong future.” Walmart declined...

A Clunky Mask May be the Answer to Airborne Disease and N95 Waste

Elastomeric respirators are an industrial-grade face mask familiar to car painters and construction workers. The Centers for Disease Control and Prevention promoted them during the SARS outbreak...

Biden says he is 'proud' of Apple retail workers who unionized

Biden has also met with union organizers from Amazon and Starbucks. "I'm proud of them," the President told reporters from Rehoboth Beach, Delaware, on Monday. "Workers have a right to determine...

Why you're going to hate traveling this summer

Between Friday and Monday, US airlines canceled 2,653 flights, or nearly 3% of their collective schedules. Airfares, rental car shortage, record gas prices and rising hotel prices are contributing...

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

Bill Ackman says inflation will only dissipate if the Federal Reserve acts more aggressively. Ackman: "There is no prospect for a material reduction in inflation unless the Fed aggressively raises...

Amazon Posts First Quarterly Loss Since 2015 as Costs, Rivian Stake Weigh on Results

Amazon.com posts its first quarterly loss since 2015. Revenue rose by about 7% in the January-to-March period. Cost increases due to inflation, labor issues and supply chain challenges have been a...

Moderna plots vaccines against 15 pathogens with future pandemic potential

Moderna Inc. plans to develop and begin testing vaccines targeting 15 of the world's most worrisome pathogens by 2025. The U.S. biotechnology company also said it will make its messenger RNA...

Burger King parent's earnings top estimates, fueled by digital sales growth

The company said global digital sales climbed from $6 billion in 2020 to $10 billion in 2021. Popeyes reported same-store sales declines, while Burger King and Tim Hortons both reported strong...

DoorDash to Bump Up Its Fees on Slow McDonald’s Restaurants

DoorDash Inc. will raise its fees on McDonald’s Corp. restaurants that are slow to prepare orders. The move is an effort by the delivery company to improve efficiency and cut losses. The delivery...

Lyft's revenue jumps 70% as higher fares offset fewer riders

Ride-hailing company says Omicron surge will likely affect revenue growth in the first quarter. Lyft Inc. reported $969.9 million in revenue for the three months through December. Shares in Lyft...

Cleveland-area hospitals battling latest Covid-19 surge put ad in local paper that reads: 'Help'

"Help" said the ad Sunday in the Cleveland Plain-Dealer, a response to the latest Covid-19 health crisis exploding in Northern Ohio, nearly two years into a pandemic that has killed more than...

Why American Airlines Is Not Bringing Back Retired Widebodies

American Airlines is facing a shortage of widebodies. However, the airline is not keen on bringing back theWidebodies it retired in 2020. The airline projected a sense of disappointment over its...

Gas prices will tumble below $3 a gallon soon, government forecasts

The US Energy Information Administration says the national average for regular gasoline will probably drop to $3.01 a gallon in January. For 2022, gas prices are expected to average $2.88. That...

3 themes to watch as CVS has its first investor day since start of pandemic

The drugstore chain and health insurer recently announced it would close about 900 stores over the next three years. CVS Health is expected to provide its financial outlook to investors on...

Ohio jury finds three pharmacy chains liable for distributing opioids

Walgreens, Walmart and CVS pharmacies DID contribute to opioid epidemic, Ohio jury finds, in landmark ruling. It's the first time pharmacy chains - rather than manufacturers -have been found...

Era of Housing, Labor, Supply Shortages Unraveling the American Dream

America is running out of everything in 2021: houses, workers, and all kinds of goods. The postwar American Dream, driven by consumerism, is coming apart at the seams. It could usher in a better...

Ex-FDA head Scott Gottlieb says US nearing end of pandemic

Dr. Scott Gottlieb says he believes the US is nearing the end of the “pandemic phase” of the COVID-19 health crisis. “We’re going to enter a more endemic phase,” he said on CBS’ “Face the...

US sees strong jobs growth as wages edge higher

Firms added 531,000 jobs and the unemployment rate fell to 4.6%. The spread of the Delta variant and slower growth had suppressed hiring over the summer. Many are now raising wages to attract and...

Here's why you should care the Fed is set to announce it's tapering its bond-buying stimulus

The Federal Reserve is expected to announce this week that it will begin scaling back the bond-buying stimulus it began in the early days of the health crisis. The Fed could reveal the approach...

One-Stop Business News, backed by Mark Cuban. Free to Use →