Federal prosecutors are digging into internal practices at Block, the financial technology firm launched by Twitter co-founder Jack Dorsey, discussing with a former employee alleged widespread and yearslong compliance lapses at the company’s two main …
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Business
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
by adminPrivate payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP. The payrolls processing firm reported Wednesday that companies added …
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Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is …
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Business
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
by adminIt’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it …
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Nineteen people have been killed after a highway collapsed in China’s Guangdong province on Wednesday, according to the country’s state broadcaster, CCTV. A section of the express highway connecting Meizhou City and Dapu City in …
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World
Haiti’s transitional government names new council president, proposes interim prime minister
by adminA transitional council responsible for choosing Haiti’s next leadership has named one of its members as council president and proposed a new interim prime minister amid efforts to control the gang violence in the Caribbean …
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In the early days of 2020, as science looked for answers to a mysterious viral outbreak in central China, a prominent Chinese virologist stepped forward to share critical data with the world. Zhang Yongzhen’s disclosure of …
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China’s newest, largest and most-advanced aircraft carrier, the Fujian, took a big step to joining the world’s largest naval fleet on Wednesday as it set out from Shanghai for its first sea trials. The naval …
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World
A 300-year-old settlement resurfaces as severe drought dries up a dam in the Philippines
by adminA nearly 300-year-old settlement once submerged beneath a major dam in the Philippines has reemerged as sweltering heat and drought dry up the reservoir. Structures, including part of a church, tombstones and a municipal hall …
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Politics
White House considers accepting some Palestinians from Gaza as refugees amid Israel-Hamas war
by adminThe Biden administration is considering welcoming certain Palestinians to the U.S. as refugees as they seek to escape war-torn Gaza amid the ongoing war in the Middle East between Israel and Hamas. Senior officials across …