Oil Companies Report Record Earnings

Oil Companies Report Record Earnings

Major oil companies are reporting record profits this quarter.

Philips to Cut 6,000 More Jobs Worldwide

Philips to Cut 6,000 More Jobs Worldwide

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of $1.7 billion in 2022.

Flights canceled as UK airline Flybe sinks into bankruptcy

Flights canceled as UK airline Flybe sinks into bankruptcy

Struggling U.K. airline Flybe has collapsed for the second time in less than three years.

Wyoming crypto bank's Federal Reserve application denied

Wyoming crypto bank's Federal Reserve application denied

The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership.

Amazon axes free grocery delivery on Prime orders under $150

Amazon axes free grocery delivery on Prime orders under $150

Amazon is axing free grocery delivery for Prime members on orders less than $150.

Layoffs Hit Tech Industry Hard This Week

Layoffs Hit Tech Industry Hard This Week

Tech layoffs are raging on yet again this week.

Chipotle Seeks to Hire 15,000 Workers Ahead of Busy Spring Months

Chipotle Seeks to Hire 15,000 Workers Ahead of Busy Spring Months

Chipotle said Thursday it’s looking to hire 15,000 people in North America heading into its busy spring season.

Hasbro to Cut 15% of Workforce in 2023

Hasbro to Cut 15% of Workforce in 2023

Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025.

China Rebound Complicates Interest Rate Hikes

China Rebound Complicates Interest Rate Hikes

China began reopening its economy in recent weeks amid protests against its zero-COVID policy.

Boeing Pleads Not Guilty in 737 Max Crash Fraud Case

Boeing Pleads Not Guilty in 737 Max Crash Fraud Case

In a brief filed Wednesday, lawyers for the families accused Boeing of committing “the deadliest corporate crime in U.S. history.”

Southwest Airlines Faces Investigation Over Holiday Travel Disaster

Southwest Airlines Faces Investigation Over Holiday Travel Disaster

Southwest canceled about 16,700 flights over the last 10 days of December, causing many travelers to be stranded.

Meta to Reinstate Donald Trump's Facebook and Instagram Accounts After 2-Year Ban

Meta to Reinstate Donald Trump's Facebook and Instagram Accounts After 2-Year Ban

Facebook parent Meta said it will restore former President Donald Trump's personal account in the coming weeks.

Fewer Americans file for jobless claims last week

Fewer Americans file for jobless claims last week

Fewer Americans filed for unemployment benefits last week as the labor market remains tight, even as the Federal Reserve has tried to cool the economy and inflation by raising interest rates.

Walmart to Raise Minimum Wage for US Hourly Workers

Walmart to Raise Minimum Wage for US Hourly Workers

America's largest private employer said it will raise its minimum wage from $12 to $14 and hour.

Americans Face Increased Credit Card Debt Amid Heightened Consumer Prices

Americans Face Increased Credit Card Debt Amid Heightened Consumer Prices

A growing number of Americans are dealing with crippling credit card debt.