business news
The Covid emergency in the U.S. ends May 11. HHS officials say here’s what to expect
People walk past a COVID-19 walk up testing site on July 28, 2022 in New York City. Liao Pan | China News Service | Getty Images The Health and Human Services Department on Thursday laid out what will change and will remain the same when the three-year-long Covid public health emergency ends in May. Health […]
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News Corp said it will cut 1,250 positions this calendar year
Pedestrians walk past the News Corporation headquarters building in New York. Michael Nagle | Bloomberg | Getty Images News Corp said Thursday it will cut about 1,250 positions, or 5% of its workforce, as layoffs have been taking place across the media and tech industries. The company, which owns media properties including The Wall Street […]
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SEC commissioner Peirce publicly rebukes her agency, Gensler on crypto regulation
Important Factors SEC commissioner Hester Peirce issued a community dissent to her agency’s enforcement action from crypto exchange Kraken. Peirce said that the current regulatory surroundings built it unachievable for crypto-similar offerings to even get acceptance. Peirce’s dissent arrives as SEC chair Gary Gensler carries on to crack down on crypto-related choices and businesses. Source
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U.S. may concentrate on Chinese entities joined to spy balloon
Sailors assigned to Explosive Ordnance Disposal Group 2 recuperate a substantial-altitude surveillance balloon off the coastline of Myrtle Beach, South Carolina, Feb. 5, 2023. Image: U.S. Navy The United States will check out having motion versus entities related to China’s military services that supported the flight of a Chinese spy balloon into U.S. airspace very […]
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Florida schools will not ask student-athletes about menstruation, following outcry
Florida schools will no longer ask student-athletes to share their menstrual histories in order to play high school sports, following months of opposition from parents, physicians and advocates. On Thursday, the Florida High School Athletic Association’s board of directors voted 14-2 at an emergency meeting to adopt a proposal that removes questions about a student-athlete’s menstrual history […]
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Stocks making the biggest moves after hours: Lyft, Expedia, Yelp, PayPal and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Check out the companies making headlines in extended […]
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Jeep reveals its most expensive Wrangler SUV ever, topping $115,000
Rubicon 20th Anniversary Level II by American Expedition Vehicles (AEV) upfit for 2023 Jeep Wrangler Rubicon 392 Jeep CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization from upfitter American Expedition Vehicles. […]
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Baby killed, another injured in strollers sold by major retailers, CPSC says
Baby Trend Sit N’ Stand Double stroller Source: U.S. Consumer Product Safety Commission A baby was killed and another was injured after they became entrapped in a popular Baby Trend stroller that’s sold at retailers like Amazon, Walmart and Buybuy Baby, the Consumer Product Safety Commission announced Thursday. The safety group and the company issued […]
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PayPal CEO Dan Schulman to leave at finish of 2023, organization commences look for for successor
Dan Schulman, CEO of Paypal, attends the annual Allen and Co. Sunlight Valley media convention in Sunlight Valley, Idaho, July 10, 2019. Gerard Miller | CNBC PayPal mentioned on Thursday that CEO and president Dan Schulman will retire and leave the business at the close 2023. Schulman, who turned PayPal CEO right after the break […]
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Luxury brands diverge: Tapestry stock rises while Capri slides after earnings
Florida, Orlando Vineland Premium Outlets, Coach leather goods sign outside entrance. Jeff Greenberg | Universal Images Group | Getty Images Tapestry, the company behind Coach and Kate Spade, beat analyst expectations Thursday for its second quarter earnings and raised its annual profit forecast. Though, it was a different story for its competitor Capri Holdings, whose […]
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