Cannabis stocks moved up Wednesday after the U.S. Senate Committee on Banking, Housing and Urban Affairs approved the Secure and Fair Enforcement Regulation Banking Act, now known as the SAFER Banking Act…
Tag: political
Durable-goods orders climb on higher defense spending
The numbers: Orders for long-lasting or durable goods rose a stronger-than-expected 0.2% in August, but the increase stemmed from higher defense spending as the U.S. sought to replenish military hardware sent to Ukraine….
Target to close 9 stores across 4 states, citing theft
Big-box retail chain Target Corp. on Tuesday announced it would close nine of its stores across four states next month, saying that organized retail theft had threatened the safety of its employees…
Costco CFO says inventory ‘in good shape,’ thefts have not ‘dramatically’ increased as earnings top estimates
Costco Wholesale Corp.’s financial chief assured analysts late Tuesday that theft hasn’t been a problem over the past year, after the membership warehouse chain reported quarterly results that topped Wall Street expectations….
Can a Luddite rebellion rise against Big Tech? A new book argues it can.
The term “Luddite” has been used as a pejorative term for centuries, as a way to suggest someone is fearful or ignorant of technology. Brian Merchant wants that to end. He would…
Amid talk about rising retail theft, new report finds a key metric hasn’t risen much
Retail executives over the past year have talked a lot about “shrink” — or the losses they take due to theft, fraud or employee error — amid a flood of headlines about…
Costco CFO says inventory ‘in good shape,’ thefts have not ‘dramatically’ increased as earnings top estimates
Costco Wholesale Corp.’s financial chief assured analysts late Tuesday that theft hasn’t been a problem over the past year, after the membership warehouse chain reported quarterly results that topped Wall Street expectations….
Stocks Slump Further, With Amazon Lawsuit Adding to Recent Pressure
Worries about rising bond yields and strengthening dollar weigh on Wall Street. Source link
OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares
Startup was valued at about $29 billion in share sale earlier this year. Source link
Biden tells UAW picket line to ‘stick with it,’ appears to endorse 40% raise
President Joe Biden offered praise and encouragement Tuesday to striking members of the United Auto Workers union, as he took the unprecedented step of joining them at a picket line in Belleville, Mich. “Stick…