Updates on the economy, business, Wall Street news, currency and more.
Snapchat stock tumbles 15% due to stagnant revenue growth
Snap's parent company reported stagnant revenue growth and a significant net loss for the final quarter of 2022, grappling with reduced advertise ...
TikTok’s CEO will testify before Congress in March
TikTok CEO Shou Zi Chew is confirmed to testify before the House Energy and Commerce Committee on March 23. He will be the only witness, addressing T ...
FCC Commissioner Calls for DOJ Review of Apple and Google’s TikTok Practices
FCC Commissioner Urges DOJ to Include Apple and Google's TikTok Practices in Antitrust Reviews
In a recently disclosed letter dated December 2nd, ...
US Halts Sugar Imports from Leading Dominican Producer Due to Forced Labor Concerns
US Authorities to Block Sugar Imports from Dominican Republic's Central Romana Over Forced Labor Allegations
Effective Wednesday, US Customs and B ...
Potential Economic Impact: US Freight Rail Strike Could Cost $1 Billion in First Week
According to a recent analysis by the Anderson Economic Group, a strike in the US freight rail industry could result in a staggering $1 billion econo ...
Coffee prices are plummeting. Here’s how it could affect your morning brew.
Coffee futures are experiencing a significant decline. However, this may not necessarily translate into lower prices for your daily cup of coffee.
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Elon Musk owning Twitter should make everyone think critically
In late May, an unusual event unfolded at Twitter as shareholders voted in favor of two proposals aimed at altering the company's operations, despite ...
Foxconn wants to dominate electric car manufacturing
Foxconn, the Taiwanese company renowned for manufacturing Apple's iPhones, unveiled two new electric vehicles at an event in Taipei, marking a signif ...
Weekly unemployment claims decline for the fifth consecutive week, indicating a robust labor market.
First-time claims for unemployment benefits continued their decline last week, reaching a new low for the past three months. This trend underscores e ...
Former Twitter Employee Convicted in Saudi Spy Case
Ahmad Abouammo, a former Twitter Inc manager accused of espionage for Saudi Arabia, was convicted on Tuesday on six criminal counts in San Francisco ...