United States
Tech industry’s critical policy issues likely tabled as Congress heads for recess
U.S. House Speaker Nancy Pelosi shakes hands with Senate Majority Leader Chuck Schumer at the start of a discussion with historians on how to “establish and preserve the narrative of January 6th” on the one-year anniversary of the attack on the Capitol in Washington, January 6, 2022. Al Drago | Pool | Reuters Congress is […]
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Higher housing costs force more pet owners to surrender their dogs
Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told CNBC. And she’s not alone. According to a new survey conducted by pet care site Rover, […]
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Biden will keep aircraft carrier group in the South China Sea but postpone missile test
The USS Ronald Reagan (CVN-76) aircraft carrier is seen during a port visit in Hong Kong on October 2, 2017. Anthony Wallace | AFP | Getty Images WASHINGTON — President Joe Biden will keep an American naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile […]
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Beyond Meat cuts revenue outlook, says it’s trimming workforce
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based company […]
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Trump likely to be criminally charged in DOJ election probe along with other former White House officials, Obama AG Holder says
Former U.S. Attorney General Eric Holder Paul Morigi | WireImage | Getty Images Former President Donald Trump “probably” will be indicted on criminal charges along with officials in his White House as part of a Justice Department investigation of efforts to reverse the 2020 election results nationally, ex-Attorney General Eric Holder said in an interview […]
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DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
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The great unrest: How 2020 changed the economy in ways we can’t understand yet
In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just […]
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Alibaba shares jump 7% after quarterly earnings beat expectations
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat […]
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White House scrambles to play catch-up on monkeypox response
People protest during a rally calling for more government action to combat the spread of monkeypox at Foley Square on July 21, 2022 in New York City. The Biden administration is undergoing a course correction in its response to the monkeypox outbreak after weeks of logistical and bureaucratic delays providing testing, treatments and vaccines. Jeenah […]
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India’s currency is under pressure — and analysts say the rupee could test new lows
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent […]
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