United States
Juul asks court for temporary block on FDA’s ban of its e-cigarettes
Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia. Elijah Nouvelage | Reuters Juul asked a federal appeals court on Friday to block the Food and Drug Administration’s ban on its e-cigarettes temporarily. The request came less than a day after the health agency told the company that it had […]
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Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — ‘but it’s not dead,’ says financial advisor
How a 60/40 portfolio strategy works The strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk. More generally, “60/40” is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio) do poorly, bonds serve […]
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Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of its complicated bailout program, its people are growing increasingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many […]
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Exxon Mobil is at a crossroads as climate crisis spurs clean energy transition
Exxon Mobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company’s oil and gas have helped power the global economy. But the Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon […]
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McDonald’s simplifies franchising policies to attract more diverse candidates
The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s is making changes to how it awards franchises in the hopes of attracting more diverse candidates, the latest shakeup in how the burger chain’s management oversees its franchisees. Starting in 2023, the fast-food giant will […]
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Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding
Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS Act, Intel said in […]
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Instagram testing new ways for teens to verify they’re 18 years old, including video selfies
A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Instagram announced Thursday that it’s testing new options in the U.S. to verify that users are 18 years old. To address the concerns of lawmakers and parents, Instagram is requiring users who attempt to edit their age from under 18 to 18 or […]
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FDA bans Juul e-cigarettes as government pursues broader crackdown on nicotine products
The Food and Drug Administration announced Thursday that it will ban the sale of Juul e-cigarettes in the U.S. The decision is part of the agency’s broader review of the vaping industry following years of pressure from politicians and public health groups to regulate the segment as strictly as other tobacco products after vaping became […]
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Gas at $5 tips some U.S. rideshare drivers to wrap cars in ads
A man applies an advertising wrap to a car in Sandy Springs, Ga. John Amis | AP When Duana Malcolm had her blue Hyundai Sonata sedan ‘wrapped’ as a mobile advertising board, the part-time delivery driver did not expect to make an extra $200 per month. Malcolm is one of the many rideshare drivers looking […]
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Nike to fully exit Russia, will scale down over coming months
A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday. Nike said on March 3 […]
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