Economy – Page 5 – Stocks Run The World

Browse category by Economy

Economy

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

December 25, 2024

The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges that Walmart and the vendor, Branch Messenger, forced the drivers, who were part of Walmart’s Spark Driver gig-work platform, to use Branch Messenger’s deposit accounts […]

Economy

IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

December 25, 2024

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money. The Recovery Rebate […]

Economy

Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says

December 25, 2024

Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and] brought Nissan to the forefront […]

Economy

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

December 24, 2024

Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a news conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving. A business integration would give the companies […]

Economy

Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031

December 22, 2024

Netflix on Friday announced it has secured exclusive rights in the U.S. to the FIFA Women’s World Cup in 2027 and 2031. The announcement comes just days before Netflix will stream its first ever National League Football Christmas Day games. Adding the Women’s World Cup to its portfolio shows the streaming giant is continuing to bulk up its sports rights […]

Economy

Big Lots initiates going-out-of-business sales at remaining locations

December 21, 2024

Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find a purchaser fell through. Big Lots said in a release Thursday that it no longer anticipates being able to complete a previously announced agreement with a private equity group to salvage the company. […]

Economy

Trump transfers all his DJT shares to his revocable trust, SEC filings show

December 21, 2024

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission. […]

Economy

OpenAI is done with Shipmas and staring down daunting challenges for 2025

December 21, 2024

OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. The marketing blitz served as a way for the high-profile and controversial AI startup to show it can release an extensive roster of new features and tools while also having some fun. But when the calendar […]

Economy

Starbucks union announces strike to last through Christmas Eve in 3 major cities

December 21, 2024

Love Starbucks holiday drinks? This week, you may not get them. Starbucks Workers United announced baristas will strike starting Friday in three key markets — Seattle, Los Angeles and Chicago. The union said the move is in response to the coffee chain’s “failure to bring viable economic proposals to the bargaining table” and “to resolve […]

Economy

Party City to close all of its stores, report says

December 21, 2024

Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN that Party City has to “commence a winddown process immediately,” and that Friday would be their last day of work […]

Economy

CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle

December 21, 2024

The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own. According to the suit, which also targets Early Warning Services LLC, Zelle’s official operator, Zelle users have lost more than $870 million over the network’s seven-year existence […]

Economy

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

December 20, 2024

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million […]

Economy

Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

December 20, 2024

Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The slow death of department stores and rise of online shopping have hurt U.S. shopping malls, particularly over the last decade. The once-essential shopping centers have seen their numbers drop from a peak of 2,500 in the 1980s […]

Economy

How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

December 20, 2024

The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House, Senate and House of Representatives. At the White House level, President-elect Donald Trump has already nominated three people to posts in his administration who are likely to be key to the future of the IRA, […]

Economy

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

December 19, 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the coffee giant. Bargaining delegates are set to return to negotiations with Starbucks on Tuesday in the last scheduled session of the year with the goal of agreeing on a “foundational framework.” Starbucks and […]

Browse category by Economy

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031

Big Lots initiates going-out-of-business sales at remaining locations

Trump transfers all his DJT shares to his revocable trust, SEC filings show

OpenAI is done with Shipmas and staring down daunting challenges for 2025

Starbucks union announces strike to last through Christmas Eve in 3 major cities

Party City to close all of its stores, report says

CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

Latest Posts

Trump holds ‘very good’ phone call with China’s President Xi

Israel’s approval of the Gaza deal unmasks deep schisms that could threaten the ceasefire and Netanyahu’s political future

Israel approves ceasefire and hostage release deal with Hamas, beginning Sunday

Popular Post

Trump holds ‘very good’ phone call with China’s President Xi

Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?

Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US