Abercrombie & Fitch says it is investigating allegations that ex-CEO Mike Jeffries, who led the company for more than 20 years and defined its modern image, exploited men at sex parties he hosted. BBC News…
Category:
Business
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Walmart says people who get weight loss drugs like Wegovy at its pharmacies are buying a bit less food at its stores. Walmart’s U.S. CEO, John Furner, told Bloomberg News that the company is seeing…
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In the housing market today, it feels like what goes up doesn’t have to come down. It looked like home prices were finally cooling off late last year after price spikes that began during the…
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The criminal cyberattack on MGM Resorts in Las Vegas last month resulted in the company’s losing around $100 million, it said in a filing Thursday evening with the Securities and Exchange Commission. The admission is…
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Two of Sam Bankman-Fried’s former friends from MIT, who also worked at crypto exchange FTX while living with the company co-founder in the Bahamas, took the stand in a Manhattan courtroom this week to testify against…
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Walk past any bank and you’ll likely see savings rates advertised in the window. That’s because, for the first time in many years, rates have climbed to 5% on some high-yield savings accounts. Much the…
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On day one of Sam Bankman-Fried’s criminal trial, Assistant U.S. Attorney Danielle Sassoon rattled off a lengthy list of potential witnesses who might be called to testify for either the government or the defense. The…
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Like many parents of small children, Amber van Moessner has caught Covid-19 from her two kids twice. Last December, van Moessner’s younger son was the first to get sick. At 4 months old, he was…
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It isn’t just card-carrying United Auto Workers members who are closely watching the expanding strikes at General Motors, Ford and Stellantis plants — nonunion autoworkers at rival companies are paying attention, too. Some like what…
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Government funding runs out at 12:01 a.m. Sunday, and, if Congress can’t hammer out a deal, a broad range of federal functions will halt. The most immediate impact will be furloughs and paused paychecks for…