A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction. According to court documents filed…
Category:
Business
-
-
Consumer prices climbed 5% in March, the Bureau of Labor Statistics reported Wednesday, down from 6% in February. The latest inflation reading represents the ninth-straight month of easing price growth on an annual basis, and…
-
The U.S. Postal Service on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents…
-
Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shop. In a release dated April 7, the Orlando, Florida-based company…
-
Business
Walmart abruptly closing four underperforming Chicago stores, citing millions in annual losses
Walmart announced Tuesday it will abruptly close four underperforming Chicago stores, citing millions in annual losses. The company said its eight Chicago stores collectively have not been profitable since the first opened 17 years ago. This…
-
More than 200 biopharma groups, which include a number of drugmakers led by Pfizer, have signed an open letter blasting the decision by Texas federal Judge Matthew Kacsmaryk to issue a hold on federal approval…
-
The FBI recently warned consumers against using free public charging stations, saying crooks have managed to hijack public chargers that can infect devices with malware, or software that can give hackers access to your phone,…
-
Nonfarm payrolls rose about in line with expectations in March as the labor market showed increased signs of slowing. The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the…
-
Business
The economy is holding up despite signs of slowdown as some wait for the other shoe to drop
Talk of the U.S. entering a recession has been swirling for at least a year now, as the Federal Reserve’s campaign to raise interest rates to combat persisting inflation bites into overall demand and investment.…
-
American Airlines is getting rid of its traditional frequent flyer award chart as the carrier moves toward dynamic pricing for mileage redemptions, the latest shift in its lucrative AAdvantage loyalty program. Starting late Wednesday, the carrier will publish starting levels…