U.S. Treasury Secretary Janet Yellen will honor fellow pioneers when she presides over Thursday’s unveiling of the first U.S. banknotes printed with two women’s signatures, while calling for “much more” work to advance equity for…
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Business
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Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the…
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Business
Ex-Theranos executive Sunny Balwani sentenced to nearly 13 years for role in company’s fraud
Ramesh ‘Sunny’ Balwani, the former business partner of Theranos founder Elizabeth Holmes, was sentenced to nearly 13 years in federal prison and three years of probation Wednesday for his role in the disgraced blood-test company’s…
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The rapper Ye has been vocal about his personal financial struggles and debts. In 2016, before he became a billionaire, he said he was $53 million in debt, and in the last month, he’s claimed…
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Business
Minnesota sues weed edibles company it alleges sold products 50-times more powerful than permitted
Minnesota regulators have sued a marijuana edibles company, alleging it was selling products 50-times more powerful than what the state permits. In a civil complaint released Monday, state inspectors said Moorhead, Minn.-based Northland Vapor sold…
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Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were not disclosed, but Juul said that it has secured…
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Business
Former Theranos executive Sunny Balwani set to be sentenced for his role in company’s fraud
Ramesh ‘Sunny’ Balwani, the former business partner of Theranos founder Elizabeth Holmes, will be sentenced Wednesday for his role in the disgraced blood-test company’s years-long fraud. U.S. prosecutors have recommended Balwani, 58, receive at least…
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Business
Walmart CEO: American households are seeing prices ‘stabilizing’ but there’s more pain ahead
American consumers are stressed. You can blame the persistently high prices seen throughout the economy right now. In an interview with CNBC on Tuesday, Walmart CEO Doug McMillon said that customers started to become significantly…
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At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has waned, it is those workers who are…
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Even as inflation persists, there are some bright spots where high prices are easing, Walmart’s CEO said Tuesday. Toys, clothing, and sports equipment categories are all seeing prices come down, Doug McMillon told CNBC. “In…