Food delivery platform Grubhub laid off about 400 employees, or 15% of its corporate workforce, citing a need to maintain “competitiveness,” the company’s CEO said in a message to employees Monday. The…
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The latest inflation data for the month of May lands on Tuesday morning. Economists are forecasting an annual increase of 4%, down from 4.9% rate in April. On a monthly…
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Home foreclosures are rising nationwide, with Florida, California and Texas in the lead
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As the cost of living in the U.S. continues to climb, foreclosures are also on the rise. May foreclosure-related filings, which include default notices, scheduled auctions and bank repossessions, were…
Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex. Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is…
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Shoppers are flocking to Temu for cheap deals — but will the novelty last?
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A pair of running shoes for $11.98. Waterproof wireless earbuds for $4.39. A 40-color eyeshadow palette for $2.69. These are some of the offerings on low-cost shopping app Temu, which…
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Six months after ‘zero Covid,’ U.S. firms in China still face ‘uncertainty on top of uncertainty’
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HONG KONG — After three years of trying to do business under some of the toughest Covid controls in the world, U.S. and other Western companies in China began 2023…
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Growing chorus calls for Lululemon to reinstate employees fired for trying to stop thieves
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A growing chorus of voices is calling for Lululemon to reinstate two Atlanta-area employees who were fired for confronting thieves at their store. Jennifer Ferguson and Rachel Rogers last week…
A blockbuster sports deal set to merge two rivals — the PGA Tour, an organizer of top-level professional golf tournaments mostly in the U.S., with LIV Golf, an upstart league…
The PGA Tour and Saudi-backed LIV Golf announced a merger Tuesday in a stunning end to their bitter rivalry on the fairways, in the courts and on the geopolitical stage.…
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Black workers at California Tesla factory allege rampant racism, seek class-action status
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Tesla may face a class-action lawsuit after 240 Black factory workers in California described rampant racism and discrimination at the electric automaker’s San Francisco Bay Area plant, including frequent use…