Inflation Weighs On Back-To-School Buying For Many Families
NEW YORK (AP) — To understand the impact of surging inflation on this year's back-to-school spending, look no further than children's rain boots with motifs like frogs and ladybugs...
BP Earnings Soar As Energy Firm Profits From Rising Prices
LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy companies profit from high oil a...
Uber Gains Momentum In 2nd Quarter, Investors Look Past Loss
NEW YORK (AP) - Uber continued to gain momentum in the second quarter with Americans heading back to offices and gross bookings hit an an all-time high as anxiety over COVID-19 eas...
British Airways Pauses Short-Haul Flight Sales From Heathrow
LONDON (AP) — British Airways said Tuesday that it's suspending sales of short-haul flights from London's Heathrow Airport for about a week, a response to the airport's request to ...
Markets Dip As Pelosi’s Asia Trip Puts Markets On Edge
NEW YORK (AP) — Wall Street is poised to open lower Tuesday as a possible visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing.
Futures for the Dow J...
WATCH: Netflix Co-founder Wears Tefillin, Dances With Two Chabad Brothers (VIDEO AND PICTURES)
CALIFORNIA (VINnews) — Two brothers who belong to the Chabad community had the z’chus of putting Tefillin on the co-founder of Netflix. In addition, they danced and celebrated the ...
Lufthansa Will Create A Position To Fight Antisemitism After Kicking More Than 100 Hasidic Passengers Off A Flight
BERLIN (JTA) - The Lufthansa airline is creating a senior management role dedicated to preventing discrimination and antisemitism two months after it barred a large group of Orthod...
A Key US Inflation Gauge Reaches 6.8% As Prices Keep Surging
WASHINGTON (AP) — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans...
Facebook Ends Funding For US News Partnerships Program
Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook’s News Tab as it reallocates resources in the face of the economic downt...
Gov’t: US Bank Workers Opened Fake Accounts For Sales Goals
NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their customers' names in order to meet unrealistic sales goals, the Consumer Finan...
US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop
WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approach...
After Hot Bidding War Jetblue Agrees To Buy Spirit For $3.8B
NEW YORK (AP) - JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulat...
Spirit, Frontier End Merger Bid, Paving Way For Jetblue Deal
NEW YORK (AP) - Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
Spirit, the large...
Justice Department Says Warren Buffett’s Mortgage Company Discriminated Against Black Homebuyers In 3 States
NEW YORK (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett's Berkshire Hathaway discriminated against potential Black and Latino homebuyers in ...
Fed Unleashes Another Big Rate Hike In Bid To Curb Inflation
WASHINGTON (AP) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive i...
Microsoft Blames Economic Woes For Missing Profit Targets
REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a...
Google’s Parent Reports Slowest Quarterly Growth In 2 Years
SAN FRANCISCO (AP) — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of...
Walmart Cuts Profit Outlook As Shoppers Adapt To Inflation
NEW YORK (AP) — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year, saying rising prices on food and gas are forcing shoppers to cut back on...
Is Israel’s High-Tech Bubble Bursting? Over 500 Workers Fired Sunday
JERUSALEM (VINnews) — Israel's high-tech industry has been the country's economic powerhouse in recent years, with huge international companies maintaining local outlets, numerous ...
T-Mobile Settles To Pay $350M To Customers In Data Breach
NEW YORK (AP) — T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data like socia...