Ripple plans to continue fighting the ongoing lawsuit with the SEC over allegations of breaching securities laws in the sale of its cryptocurrency XRP, with the company asserting that XRP is not a security and seeking to expand its business globally.
Amazon is investing over $440 million to increase wages for its contracted delivery employees, expecting them to earn an average of $20.50 per hour or more.
The viral trend of "loud laborers," employees who spend more time talking about their work than actually doing it, is detrimental to productivity and employee morale, and it is important for co-workers and managers to address the issue through open communication and setting clear expectations. HR departments should also focus on increasing employee engagement and improving internal communication and trust to curb this behavior.
Nvidia's regulatory filing suggests that it is facing export restrictions on its top AI chips in the Middle East, potentially impacting its sales and operations.
BMW Group, Ford, and Honda have formed a new company called ChargeScape that aims to create a single platform connecting electric utilities, automakers, and interested electric vehicle (EV) customers, providing financial benefits through EV-enabled grid services and reducing carbon footprints while supporting grid resiliency.
China's foreign ministry denies reports of a ban on using foreign phone brands, such as Apple's iPhones, but acknowledges concerns about security incidents related to Apple's phones.
Hyundai Motor Group and LG Energy Solution are increasing their investment in a Georgia battery manufacturing plant by $2 billion, creating 400 more jobs, and bringing the total investment to $4.3 billion with an annual production capacity of 300,000 electric vehicle batteries.
New York City pension funds and the state of Oregon have filed a lawsuit against Fox Corp and its officers and directors, accusing them of promoting political narratives without regard for factual accuracy, which opens the company to defamation litigation.
American Eagle is suing the owners of the Westfield SF Center on Market Street for neglecting their maintenance obligations and allowing the mall to become a hub for criminal activity.
The average interest rate for a 30-year fixed mortgage decreased, but the rate for a 15-year fixed mortgage increased, and there was a hike in the average rate for 5/1 adjustable-rate mortgages in the past seven days.
Chinese electric car company Xpeng is acquiring Didi's smart electric car development business in a $744 million deal, with plans to develop an affordable electric car under a new brand and cooperate in various areas such as marketing, charging, and international expansion.
Dollar General's shares dropped after the company warned of declining profits due to rising thefts and weak consumer demand, forcing the company to lower its profit and sales targets for the second time this year.
Elon Musk's takeover of Twitter has created a chaotic environment that may have violated a government order regarding data security and privacy practices, according to a court filing by the US Department of Justice.
The European Commission has launched an investigation into whether to impose punitive tariffs on Chinese electric vehicle (EV) imports that it considers to be benefiting from state subsidies, as the Chinese share of the European EV market has reached 8% this year.
JPMorgan Chase processed over $1 billion for Jeffrey Epstein over 16 years, according to disclosures made to U.S. authorities, which are now being used in a lawsuit filed by the U.S. Virgin Islands against the bank.
Apple's highly anticipated iPhone 15 launch disappoints investors and Wall Street.
Netflix is ending its DVD shipment service after 25 years, allowing subscribers to keep any unreturned discs free of charge.
U.S. Treasury yields rise as investors await jobs report for insight into the economy and Fed's monetary policy decisions.
Americans can now receive an updated COVID-19 vaccine to reduce the severity of symptoms, protect against current variants, and curb the risk of "long COVID."
Elon Musk's new biography reveals that he was upset with Jeff Bezos for not inviting him to tour Blue Origin's factory after Bezos toured SpaceX, leading to an awkward dinner and a long-standing feud between the two billionaires in the space race.
President Joe Biden announced a 5.2% pay increase for federal workers next year, aiming to attract and retain a skilled workforce, while also encouraging employees to return to the office.
Citigroup CEO Jane Fraser announces a corporate reorganization aimed at reducing management layers, increasing accountability, and accelerating decision-making, in an effort to revive the bank's performance and address its persistent stock slump.
Boeing has announced a new quality issue with its 737 MAX planes, involving supplier Spirit AeroSystems, resulting in improperly drilled holes on the aft pressure bulkhead, which could lead to a delay in deliveries and potentially cause the company to miss its annual delivery target.
Shares of Vietnamese electric vehicle maker VinFast surged again, rising 2% on Wednesday following its red-hot Wall Street debut and strong market performance, potentially enabling the company to raise more money from investors.
The Justice Department has filed a lawsuit against SpaceX, alleging that the company discriminated against asylees and refugees in its hiring practices by discouraging their applications and refusing to hire them based on their citizenship status, in violation of the Immigration and Nationality Act.
Facebook users in the United States have until August 25 to file claims for payment in a data privacy settlement case, with the settlement administrator awarding payment based on factors such as the length of time the user was active and the total number of valid claims filed.
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A passenger went overboard from the Wonder of the Seas, the world's largest cruise ship, prompting a three-hour search and rescue operation off the coast of Cuba before the ship resumed its itinerary; the passenger has not been found.
BP's CEO, Bernard Looney, has resigned after admitting to not being fully transparent about past relationships with colleagues, and the company is currently investigating additional allegations of a similar nature.
Hostess, the maker of Twinkies, is being acquired by J.M. Smucker in a $5.6 billion deal, expanding Smucker's portfolio of beloved brands in growing categories.
Chinese electric-vehicle makers NIO, Li Auto, and XPeng have achieved record-breaking delivery numbers, a positive development for both Tesla and BYD, as well as for investors in the EV sector.
Tim Gurner, CEO of the Gurner Group, argued for a worse economy and suggested that Australian unemployment should increase by 50%, leading to criticism from commentators around the world.
China Evergrande Group lost $2.2 billion, or 79% of its market value, as its shares resumed trading, causing its market cap to drop to $586.3 million, and the company postponed creditor voting on its offshore debt revamp plan.
X, formerly known as Twitter, will collect biometric data, such as facial scans, from its users as part of its new privacy policy, aimed at offering potential job recommendations and enhancing security.
A panel of FDA advisers has concluded that the popular decongestant ingredient phenylephrine is ineffective for treating nasal congestion, prompting the possibility of its removal from over-the-counter medications.
The forecast for next year's Social Security increase has risen to 3.2% from 3% due to a rise in inflation, but the increase is still significantly lower than the 8.7% COLA in 2023, causing concerns for seniors who have struggled to keep pace with inflation and have seen their share of poverty increase.
Trader Joe's has issued its sixth product recall since July, this time recalling black bean tamales that may contain an undeclared milk allergen, adding to a list of recalls that include falafel potentially containing rocks and broccoli soup that might contain insects.
The United Auto Workers union will strike against Detroit automakers if labor deals are not reached by Thursday's deadline, according to UAW President Shawn Fain.
Private equity firm Roark Capital has acquired Subway for $8.95 billion, aiming to revitalize the sandwich company that has been struggling with competition in the fast food industry.
Jabil has agreed to sell its manufacturing business in China to BYD Electronic, a subsidiary of Chinese electric-vehicle maker BYD, in a deal worth $2.2 billion.
Elon Musk's strained relationship with his transgender daughter, Jenna Wilson, has caused him significant emotional distress, according to his biographer, as she cut off communication with him and legally changed her name to distance herself from him.
Apple's stock dropped 7.2% in the week leading up to the iPhone 15 launch, the largest decline ever for an iPhone release, signaling investors' lack of enthusiasm for the company's stagnant growth compared to other S&P 500 companies.
Moderna's flu vaccine has demonstrated a stronger immune response against all strains of the influenza virus compared to traditional flu shots, potentially allowing the company to file for accelerated approval in the US by year-end and launch the vaccine for the 2024/2025 season, while also scaling down its COVID-19 vaccine manufacturing to meet lower post-pandemic demand.
Roz Brewer has stepped down as CEO of Walgreens Boots Alliance and the company is now searching for a new CEO as their shares have dropped more than 32% this year due to a decrease in demand for Covid testing and vaccines.
Gasoline prices contributed to a rise in inflation in August, but economists believe that the increase is temporary and that overall inflation is headed towards normal levels.
The Securities and Exchange Commission charged Stoner Cats 2 LLC with conducting an unregistered offering of crypto asset securities through NFTs, raising approximately $8 million from investors for an animated web series.