Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20 shrimp promotion wasn’t very profitable …
Business
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Business
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
by adminFederal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation. Despite a string of positive indicators recently regarding prices, the …
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Sleep through Black Friday and Cyber Monday? Don’t worry. While the two post-Thanksgiving sales days featured plenty of discounts, retailers are still pushing to lure in shoppers all through December. Yes, there were record-setting deals …
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Business
Thousands of autoworkers at Toyota, Honda and others move to unionize after UAW victory over the Big Three
by adminThe United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S. The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, …
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Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world’s largest …
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President Joe Biden’s landmark climate law is driving outsized clean energy funding into low-income, less-educated and fossil fuel towns, according to a new analysis the Treasury Department released Wednesday. An estimated 81% of investments in …
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Business
Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three
by adminThe United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S. The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, …
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Billionaire Charlie Munger, who was the investing sage who made a fortune on his own before he became Warren Buffett’s right-hand man at Berkshire Hathaway, died Tuesday at 99. In addition to being Berkshire vice chairman, Munger was a …
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Honda is recalling 303,700 2023 and 2024 Accords and HR-Vs because of a defect that could stop some front seat belts in the vehicles from tightening properly in a crash. The automaker is recalling Accords …
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Business
If you haven’t started your Thanksgiving trip, you’re not alone. The busiest days are still to come.
by adminThe late crush of holiday travelers is picking up steam, with about 2.7 million people expected to board flights on Wednesday and millions more planning to drive to Thanksgiving celebrations. Airline officials say they are …