WASHINGTON (AP) — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois, is preparing to launch an ergonomic chair designed to alleviate back pain and […]
Economy
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U.S. Layoff Announcements Surge to Post-Pandemic High Amid DOGE Job Cuts
Recent data shows that U.S. layoffs reached a post-pandemic high in February, driven significantly by job cuts at DOGE, a major federal employer. Layoff announcements soared to levels […]
Technology
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Taiwan’s TSMC to Invest $100 Billion in U.S. Driven by Customer Demand, Not Political Pressure
TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, announced plans to invest $100 billion in the U.S., a decision that Taiwan’s President Lai […]
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Costco Reports Mixed Q2 Earnings With Revenue Beat
Costco reported mixed second-quarter earnings on Thursday, missing on earnings per share but surpassing revenue expectations. For the quarter ended Feb. 16, here’s how Costco performed compared to […]
Economy
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Macy’s Reports Profit Amid Tariff-Driven Consumer Spending Concerns
Macy’s reported a profit in the fourth quarter despite a dip in sales as shoppers remained cautious about spending. The quarterly profit exceeded Wall Street’s expectations, but sales […]
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Gap Shares Surge 17% on Strong Earnings and Turnaround Success
Gap Inc. shares surged 17% in after-hours trading following an impressive quarterly report that surpassed expectations, signaling the success of CEO Richard Dickson’s turnaround strategy. The apparel retailer, […]
Markets
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Global Bonds Sell Off Amid Germany’s Spending Plans and Trump’s Tariffs
Germany’s recent spending plans have impacted the 10-year Treasury note and the dollar, causing fluctuations in the market. The euro reached a four-month high while stocks declined, as […]
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Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines
Dine Brands, the parent company of Applebee’s and IHOP, plans to boost sales in 2025 with expanded value meals and improved marketing after a challenging 2024. CEO John […]
Economy
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Global bonds sell off as investors react to Trump’s tariffs and a German ‘paradigm shift’
Government borrowing costs rose globally as German bonds experienced their biggest daily jump in yields since the country’s reunification 35 years ago. This sell-off followed plans by likely […]
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National Tex-Mex chain files for bankruptcy, closes multiple Michigan locations
On The Border, a national Tex-Mex restaurant chain, has filed for Chapter 11 bankruptcy and closed several locations in Michigan. The company aims to address financial challenges and […]