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Business News

Location American Business News for 5 April 2024

How to Claim Your Part of a $45 Million Walmart Settlement

The New York Times - 5 Apr 2024 20:54
How to Claim Your Part of a $45 Million Walmart Settlement A class-action lawsuit accusing the retail giant of inflating prices of certain weighed foods and produce resulted in a settlement. Customers may be eligible for a payment of up to $500.
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Schumer: Banker compensation clawback, cannabis banking, on Senate docket Senate Majority Leader Chuck Schumer, D-N.Y., tapped executive compensation and cannabis banking bills as bipartisan priorities that could see movement in the Senate in the "weeks and months ahead."
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Why CeraVe, Velveeta and Bottega Veneta Are Putting the Paparazzi on Speed Dial While some A-listers shirk the paparazzi, others accept the press pack are part and parcel of show business. Some celebrities even stage their own photoshoots, inviting photographers to capture seemingly candid moments a...
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US jobs boom raises doubts about rate cuts Employers added more than 300,000 jobs in March - the biggest gain in almost a year.
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Meta bought Instagram for $1 billion in 2012. Now it's a giant part of Mark Zuckerberg's empire.
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Elon Musk says Tesla will unveil its robotaxi this year

Business Insider - 5 Apr 2024 23:28
Elon Musk says Tesla will unveil its robotaxi this year A relatively cheap autonomous ride-hailing vehicle has been a goal of Tesla and Elon Musk's for a while now.
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Stock market today: US stocks surge after strong March jobs report and muted wage inflation "Easing wage growth means we're not in the middle of a labor-market induced inflation surge," Carson Group's Sonu Varghese said.
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Foxconn Expects Second-Quarter Growth After Higher March Revenue Foxconn reported higher March revenue, thanks to strong demand for cloud and consumer-electronics products, and said it expects growth in the second quarter despite the impact of a big earthquake that hit Taiwan this wee...
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Telecom Italia Secures Finance Until Close of Network Sale

Wall Street Journal - 5 Apr 2024 08:22
Telecom Italia Secures Finance Until Close of Network Sale Telecom Italia has signed an agreement for roughly $1.6 billion in bridge financing to cover its needs until completion of a planned sale of its fixed-network unit.
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New York's ban on pot ads struck down as violation of free speech New York's legal pot industry suffered another blow after a judge issued a ruling striking down state rules banning cannabis advertising and marketing as a violation of commerce and free speech.
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Bonus Daily Cartoon: A Climactic Morning

The New Yorker - 5 Apr 2024 20:02
Bonus Daily Cartoon: A Climactic Morning "I felt the earth move!"
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Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal The healthcare giant said the addition of the medical-device maker would expand its MedTech cardiovascular portfolio.
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Procter & Gamble Voluntarily Recalling Some Laundry Detergent Packets The recall affects Tide Pods, Gain Flings, Ace Pods and Ariel Pods liquid laundry detergent packets packaged in flexible film bags.
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Live Updates: U.S. Job Growth Much Stronger Than Expected

The New York Times - 5 Apr 2024 15:58
Live Updates: U.S. Job Growth Much Stronger Than Expected Employers added 303,000 jobs in March, the 39th straight month of growth. The unemployment rate fell to 3.8 percent.
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US workforce adds 303,000 jobs in March - far more than expected Unemployment rate at 3.8% while job gains well above the 192,000 economists expected for the month The US workforce added 303,000 jobs last month, far more than expected and the 39th straight month of job gains in the US...
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Starbucks paid £7.2m in UK corporation tax despite gross profit of £149m 'Derisorily low' tax bill again down to high royalty and licensing payments to parent company, say campaigners Business live - latest updates Starbucks paid a "derisorily low" £7.2m in UK corporation tax last year despi...
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Uniqlo, After Its U.S. Retreat, Plans to Open Dozens of New Stores Uniqlo plans to open 11 stores in Texas and California this year as part of an expansion that aims for 200 stores in North America by 2027.
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Nelson Peltz may have helped his firm Trian Partners make a $300M profit. But experts say the activist campaign was still a waste of time and energy.
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The Costco Shoppers Putting $2,000 Gold Bars in Their Carts

Wall Street Journal - 5 Apr 2024 03:00
Young investors say the old-school store of value is a hedge against inflation and catastrophe.
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At least two minors had been deboning raw poultry with sharp knives at a poultry processing plant in Irwindale, the U.S. Department of Labor alleged in a lawsuit filed Saturday.
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The bulls still have what it takes to pull stocks back up Volatility is higher and the market is down, but support levels are holding.
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Dow's worst day in a year follows talk of no rate cuts in 2024, oil-price spike Oil nearing $90 a barrel is a worry, as are rising bond yields and incoming jobs data.
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