Starbucks reported record quarterly sales, however higher costs put a dent in profits. Shares of the coffee giant rose 5% in after-hours trading. GET FOX BUSINESS ON THE GO BY CLICKING HERE Sales … [+1930 chars]
Experts and investors warned inflation is likely to plague the United States for years to come, despite reassurance from President Biden and Fed Chairman Jerome Powell that it is transitory, or on tr… [+4499 chars]
Facebook will begin shutting down its podcast service this week, less than a year after its launch last June, with a permanent closure date of June 3. This, according to Bloomberg. Facebook launche… [+1563 chars]
Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue cam… [+2791 chars]
Amazon is forgoing its coronavirus paid sick leave policy now that the U.S. has gotten a better grip on the pandemic. In an internal memo obtained by FOX Business, Amazon informed employees that th… [+2308 chars]
May 3 (Reuters) - The cost to insure bonds of Goldman Sachs (GS.N), Morgan Stanley (MS.N) and Citigroup (C.N) against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve's … [+2163 chars]
Biogen Inc. is shedding Chief Executive Michel Vounatsos and effectively abandoning its high-profile Alzheimers disease treatment Aduhelm as it attempts to chart a new course after Medicares devastat… [+266 chars]
While restrained, he apparently tried to bait others into conflict, saying, My parents are worth two million goddamn dollars and Im white. Im sorry I cant change that, a video shows. At one point, s… [+963 chars]
But wait a minute… crude oil futures are far below a record. The average retail price of No. 2 highway diesel spiked to $5.51 per gallon at the pump on Monday May 2, the highest ever, the US Energy … [+3077 chars]
WASHINGTON, May 3 (Reuters) - U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation unco… [+5054 chars]
The drought in chip availability that has hit auto production, raised electronics prices and stoked supply-chain worries in capitals around the globe has a new pain point: a lack of chips needed for … [+493 chars]
Workers at an Apple store in Maryland are taking steps to unionize, CNBC confirmed Tuesday. It's the third store to effort a campaign, setting up a potential labor battle with Apple. Organizers at t… [+1668 chars]
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