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Economy

Economy

Stock market sinks as AI and interest rate worries grip investors

What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of…
Economy

U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a…
Economy

Bargain hunters drive Walmart sales and outlook higher

Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping…
Economy

What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there…
Economy

Longtime Walmart CEO to step down in January

Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to…
Economy

More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor…
Economy

October monthly job cuts surged to a 22-year high

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the…
Economy

Yum Brands begins strategic review for struggling Pizza Hut chain

Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace…
Economy

Kimberly-Clark to buy Kenvue in $48.7 billion deal

Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create…
Economy

Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

President Donald Trump’s tariffs are hitting toy giants Mattel and Hasbro as the critical holiday season nears. Still, both companies see a…
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