U.S. Retail Sales Fell 1.1% in December
EconomyU.S. EconomySales see biggest monthly decline of 2022 as consumers cut back at height of holiday season Source link
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Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
Elon Musk Trial Over Tesla Tweets Heads for Opening Statements
The shareholder lawsuit stems from 2018 tweets in which the billionaire CEO said, “Am considering taking Tesla private at $420....
Microsoft Plans to Announce Layoffs as Early as Wednesday Morning
The software giant would join other tech companies that since the start of the new year have trimmed their ranks....
Moderna Reports RSV Vaccine Cuts Risk of Respiratory Diseases in Older Adults
The company said it would apply in coming months for U.S. regulatory approval. Source link
GM’s New Hybrid Corvette Will Be Its Fastest Yet
BusinessAutos & TransportationAutos IndustrySports car will go on sale later this year, with a starting price of just over $104,000...
FTC Plan to Ban Noncompete Clauses Shifts Companies’ Focus
Businesses and lawyers are beginning to assess what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts...
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses,...
EVs Made Up 10% of All New Cars Sold Last Year
The increase, driven by China and Europe, provided relief to a broader car market that suffered from economic worries, inflation...
Medical Residents Unionize Over Pay, Working Conditions
Physicians-in-training at top teaching hospitals across the country are joining unions, demanding higher pay and better working conditions.The Committee of...
Didi Wins Approval to Restart New User Registration for Ride-Hailing Service
TechMove comes a year and a half after ride-hailing giant was targeted in a cybersecurity probe by Chinese authorities Source...
IMF Warns Unraveling Economic Ties Could Shrink Global Output
The lender warned of declines due to rising trade, migration and investment barriers. Source link
Russian Strikes Sap Ukraine Mobile Network of Vital Power
Listen to article(2 minutes)Russia’s attacks on Ukraine’s electrical grid are straining the war-torn country’s mobile-telephone network, leading to a global...
Former Executives of Fox Subsidiary Face Trial in FIFA Bribery Case
Prosecutors allege two former executives of 21st Century Fox paid bribes for soccer broadcasting rights in South America, in a...
U.S., Russia Agree to Use Russian Ship for Backup Space Station Mission
NASA is in discussions with SpaceX about using a company spacecraft if there is an emergency at the research facility....
Egg Prices Have Soared 60% in a Year. Here Is Why They Are So Expensive.
The avian flu outbreak keeps the egg supply tight as inflation rises. Source link
Startups Want to Help Airlines Prevent Tech Meltdowns
Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by...
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies...
Goldman Sachs Lost $3 Billion on Consumer Lending Push
MarketsFinanceWall Street firm’s push into Main Street businesses has proven costly Source link
