Robinhood cuts 23% of its workforce as fewer users trade
NEW YORK (AP) — Robinhood Markets is cutting about 23% of its workforce because fewer users are trading on its app amid the tumult hammering stock…
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Rent-A-Center settles alleged California overpricing dispute
By DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) — Officials say one of the nation’s largest rent-to-own companies will pay $15.5 million…
Continue ReadingNumber of uninsured Americans drops to record low
By AMANDA SEITZ Associated Press Washington (AP) — The number of people living in America without health insurance coverage hit an all-time low of…
Continue ReadingStarbucks reports record revenue on frothy US demand
By DEE-ANN DURBIN AP Business Writer Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID…
Continue ReadingAirbnb posts 2Q profit of $379 million on record bookings
By DAVID KOENIG AP Business Writer Airbnb is reporting a profit of $379 million for the second quarter, and it says bookings were a record. The…
Continue ReadingHow major US stock indexes fared Tuesday 8/02/2022
The Associated Press U.S. stocks are closing lower as Wall Street’s modest August retreat continued another day. Stocks wavered over the day as…
Continue ReadingCaterpillar, JetBlue fall; Uber, SunPower rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Caterpillar, JetBlue fall; Uber, SunPower…
Continue ReadingElon Musk’s tech allies miffed about Twitter subpoenas
SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the…
Continue ReadingClosing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for September delivery rose 53 cents to $94.42 a barrel Tuesday. Brent crude for October delivery rose…
Continue ReadingNewspaper: Families of Haley, Clyburn got casino shares
The Wall Street Journal reports that the husband of former South Carolina Gov. Nikki Haley and brother of U.S. Rep. Jim Clyburn were given shares of…
Continue ReadingSpanish research center suffers cyberattack linked to Russia
MADRID (AP) — Spanish authorities say that its leading scientific research body suffered a cyberattack that appears to have its origin in Russia.…
Continue ReadingNY fines Robinhood Crypto $30M for skirting banking rules
NEW YORK (AP) — The crypto division of the online brokerage Robinhood will pay a $30 million penalty to New York state for failing to comply with…
Continue ReadingHouse panel subpoenas gunmaker for data on rifle sales
By LINDSAY WHITEHURST Associated Press WASHINGTON (AP) — The gunmaker Smith & Wesson is facing new scrutiny from Congress. The House Oversight…
Continue ReadingJetBlue posts Q2 loss as fuel costs offset rising revenue
NEW YORK (AP) — JetBlue Airways is still losing money despite a big increase in travel this summer. The New York airline said Tuesday that it lost…
Continue ReadingU.S. job openings slid to 10.7 million in June
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging…
Continue ReadingFeds target US companies caught in lucrative shark fin trade
By JOSHUA GOODMAN Associated Press MIAMI (AP) — It’s one of the seafood industry’s most gruesome hunts. Every year, the fins of as many…
Continue ReadingEA Sports to become title sponsor of Spanish league in 2023
By TALES AZZONI AP Sports Writer MADRID (AP) — EA Sports will become the title sponsor of the Spanish league beginning in 2023-24. The league…
Continue ReadingFerrari earnings up 22% on surging deliveries to Americas
MILAN (AP) — Luxury Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% increase in second-quarter earnings as sales…
Continue ReadingUber’s stock surges on positive trends despite big Q2 loss
By MICHAEL LIEDTKE and MICHELLE CHAPMAN AP Business Writers Uber’s effort meld its pioneering ride-hailing service with food and freight delivery…
Continue ReadingCaterpillar post strong Q2 profit as it raises prices
Associated Press DEERFIELD, Ill. (AP) — Caterpillar is reporting a strong second quarter and it topped most profit expectations with higher prices…
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