Month: November,2025

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’


November 29, 2025
Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday. The termination follows a lawsuit filed in Michigan by former employee Robert Garza against Campbell’s, the company’s then-vice president of information technology Martin Bally and another manager. The complaint alleges retaliation and a hostile […]
Stock market sinks as AI and interest rate worries grip investors

Stock market sinks as AI and interest rate worries grip investors


November 24, 2025
What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve. The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial […]
Bitcoin and other crypto assets sink in flight from risk

Bitcoin and other crypto assets sink in flight from risk


November 24, 2025
Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded. Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to […]
U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

U.S. added 119,000 jobs in September, but there are signs of a weakening labor market


November 22, 2025
The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the report from the Bureau of Labor Statistics paint a more mixed picture, that of a labor market that has recently begun to look […]
Bargain hunters drive Walmart sales and outlook higher

Bargain hunters drive Walmart sales and outlook higher


November 22, 2025
Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity as a strictly down-market brick-and-mortar operation by growing its e-commerce business and increasing its market share of higher-income shoppers. Walmart’s […]
What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

What AI bubble? Nvidia’s strong earnings signal there’s more room to grow


November 21, 2025
U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that has powered markets higher for much of the year. Prior to the opening bell, bets on the S&P 500 were […]
Longtime Walmart CEO to step down in January

Longtime Walmart CEO to step down in January


November 18, 2025
Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to […]