Rite Aid Corporation has filed for bankruptcy less than a year after completing a restructuring intended to stabilize the pharmacy chain. According to a letter from Chief Executive […]
Technology
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Waymo Plans to Expand Its Robotaxi Fleet by 2,000 Vehicles by 2026
Waymo announced that it has received its final delivery of Jaguar I-Pace SUVs, which will be equipped with sensors and autonomous driving technology at its Arizona facility. These […]
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April Tariffs Trigger Surge in Car Sales
The anticipation of looming tariffs in April led to a significant surge in car sales, akin to a ‘bank run’ at car dealerships. Consumers rushed to purchase vehicles […]
Banks
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Federal Reserve Expected to Maintain Rates Amid Political Pressure
The Federal Reserve is expected to maintain its key short-term interest rate at approximately 4.3% during its meeting this week, despite pressure from President Donald Trump to reduce […]
Technology
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US Lawmakers Propose Regulatory Framework for Digital Assets
Lawmakers from the House Committee on Financial Services and the House Committee on Agriculture have unveiled a discussion draft aimed at establishing a regulatory framework for digital assets […]
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Skechers to Be Acquired by 3G Capital for $9.4 Billion
Investment firm 3G Capital is set to acquire Skechers USA Inc., the footwear maker, for a total of $9.4 billion. According to a statement released on Monday, the […]
Technology
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Stablecoin Legislation Faces Senate Filibuster Threat
A bipartisan coalition supporting stablecoin legislation in the US Senate fractured after a group of Democrats threatened to filibuster the bill. Senator Ruben Gallego of Arizona, who initially […]
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High Beef Costs Impact Tyson Foods’ Performance
Tyson Foods reported challenges due to high beef costs, describing it as ‘the most challenging market conditions’ the company has ever faced. Despite profit jumps in other areas […]
Technology
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Access to Website Restricted Due to Automation Tools
Access to this page has been denied because we believe you are using automation tools to browse the website. This may occur if Javascript is disabled or blocked […]
Technology
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Amazon Adjusts Pay Structure to Reward Consistent High Performers
Amazon is revising its compensation model to better reward employees who consistently demonstrate high performance while reducing payouts for lower performers. According to internal guidelines, Amazon is adjusting […]