business news
Former Trump aide Steve Bannon cites Jan. 6 Capitol riot hearing in seeking delay of criminal contempt trial
Steve Bannon, former adviser to Donald Trump, speaks to members of the media before entering federal court in Washington, D.C., March 16, 2022. Bannon is facing contempt of Congress charges related to the investigation of the January 6, 2021, siege at the U.S. Capitol. Ting Shen | Bloomberg | Getty Images Former Trump White House […]
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LGBTQ harassment, slurs abound on social media, per GLAAD report
Social media platforms including Facebook and TikTok are failing to stop hate and threats against LGBTQ users, a report issued Wednesday from advocacy group GLAAD found. Those are some of the internet’s most vulnerable users, with a majority of LGBTQ people saying they’ve faced menacing posts or comments when they’re scrolling through social media. But it’s unclear how […]
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IPO market stays dormant as Justworks and Fresh Market withdraw their filings
A person checks her phone at Wall Street near the New York Stock Exchange (NYSE) in New York on May 27, 2022. Angela Weiss | AFP | Getty Images The IPO market has been frozen for most of 2022, and it shows no signs of reopening. On Wednesday, software vendor Justworks and food retailer Fresh […]
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U.S. calls on Russia to halt forced deportations of Ukrainians, citing war crimes
Russian servicemen stand guard at the destroyed part of the Ilyich Iron and Steel Works in Ukraine’s port city of Mariupol on May 18, 2022. Olga Maltseva | AFP | Getty Images WASHINGTON – The Biden administration called on Russia to immediately release civilians that it says were forcibly deported from Ukraine, an accusation that […]
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Inflation is still soaring — but here’s why it’s less likely to hurt some retirees
Inflation has continued to rise, but some retirees won’t feel the brunt of many soaring costs, experts say. Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported Wednesday. Higher prices have many worried, even those earning six figures. Some 65% of Americans making […]
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Pharmacies risk violating civil rights laws if they deny access to drugs that can be used for abortion, HHS says
Shoppers wait in line at the pharmacy of a Walmart store in Charlotte, North Carolina. Callaghan O’Hare | Bloomberg | Getty Images The Health and Human Services Department on Wednesday warned U.S. retail pharmacies that they risk violating civil rights law if they deny access to medication used in abortions under certain circumstances. The HHS […]
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Stocks making the biggest moves midday: Twitter, Unity Software, Delta Air Lines and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Unity Software — Shares tumbled 17% after the interactive software company announced a […]
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Inflation jumped by 9.1% in June, the fastest since 1981. How does your ‘personal inflation rate’ compare?
Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown | Afp | Getty Images Inflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesday. That means the prices Americans pay at the gas pump, grocery store and elsewhere have been rising much faster than normal this year. That […]
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Bill Gates donates $20 billion to personal foundation as it works to ramp up spending
Bill Gates, co-founder of Microsoft and Chair of the Gates Foundation, walks to a morning session during the Allen & Company Sun Valley Conference on July 08, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Bill Gates announced Wednesday he’s donating $20 billion to the Bill & Melinda Gates Foundation this month as […]
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Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO
Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon’s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared with a little more than 110 before the Covid-19 […]
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