business news
House Speaker Nancy Pelosi tests positive for Covid, is not experiencing symptoms
US President Joe Biden signs H.R. 3076, the Postal Service Reform Act of 2022, during a ceremony in the State Dining Room of the White House in Washington, DC, on April 6, 2022. Mandel Ngan | AFP | Getty Images House of Representatives Speaker Nancy Pelosi has tested positive for Covid, but does not have […]
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Senate passes ban on Russian oil and gas imports
Rail wagons for oil, fuel and liquefied gas cargo stand in sidings at Yanichkino railway station, close to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia, on Monday, April 27, 2020. Andrey Rudakov | Bloomberg | Getty Images WASHINGTON — The Senate on Thursday passed a bill to ban imports of oil and gas […]
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UN votes to remove Russia from Human Rights Council
Russia’s UN Ambassador, Vassily Nebenzia, speaks at a meeting of the UN Security Council on threats to international peace and security, March 18, 2022, in New York. Timothy A. Clary | AFP | Getty Images WASHINGTON — The United Nations suspended Russia from its seat on the Human Rights Council on Thursday as the world calls […]
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Walmart says it is raising truckers’ pay and starting a training program as it grapples with a driver shortage
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images Walmart said Thursday it is raising pay for long-haul truck drivers and launching a new program to train the next generation, as it seeks the staffing it relies on to replenish store shelves and warehouses across the country. […]
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U.S. has until June to decide whether we need new Covid shots for this fall, FDA official says
A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, September 24, 2020. Marco Bello | Reuters The FDA has until the early summer to decide whether vaccine makers need to change existing Covid shots to target different virus […]
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UFC, Formula 1 and WWE could be the next acquisition targets for streaming giants
(L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images In 2016, before Ultimate Fighting Championship sold for $4 billion to the company that […]
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Senate votes to strip Russia of ‘most favored nation’ trade status
Russian President Vladimir Putin chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence outside Moscow, Russia April 7, 2022. Mikhail Klimentyev | Sputnik | Reuters The Senate voted unanimously on Thursday to revoke Russia’s “most-favored-nation” trade status, an economic downgrade that opens the door to new damaging tariffs on Moscow […]
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Macy’s warns that inflation-squeezed consumers may choose to spend on travel over shopping
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images As inflation threatens to weigh on consumer demand, particularly among low-to-middle income consumers, Macy’s says more shoppers could be faced with a consequential choice: Head to the mall or take a summer vacation. “The […]
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House oversight chair says DOJ is ‘obstructing’ probe into Trump
Chairwoman Carolyn Maloney, D-N.Y., speaks during a House Oversight and Reform Committee hearing on D.C. statehood on Tuesday, Feb. 11, 2020. Caroline Brehman | CQ-Roll Call | Getty Images WASHINGTON — House Oversight Committee Chair Carolyn Maloney, D-N.Y., is alleging that the Department of Justice is “obstructing” the panel’s investigation into former President Donald Trump by blocking the National […]
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Barclays names Target a top pick, says demand should hold up even in weak economy
Target’s foot traffic should remain strong despite inflation and economic growth concerns, according to Barclays. Source
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