Sunday, August 7, 2022

Business

Google’s Parent Reports Slowest Quarterly Growth In 2 Years

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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

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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

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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

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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...

Twitter, In Musk Fight, Posts $270M Quarterly Loss

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LONDON (AP) — Twitter reported a quarterly loss Friday as revenue slipped even as its number of users climbed. The social media company's latest quarterly earnings figures offer...

Amazon To Buy Primary Health Care Provider For $3.9B

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NEW YORK (AP) - Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the reta...

Americans Filing Jobless Claims At Highest Level In 8 Months

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor mark...

Twitter-Musk Takeover Dispute Heading For An October Trial

(AP) - Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the soc...

Amazon Sues Admins Of 10K Facebook Groups Over Fake Reviews

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Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products. The Seattle...

Famed Bubble Caller Jeremy Grantham: Stocks Can Fall More

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NEW YORK (AP) — Early this year, with the S&P 500 near its all-time high, famed investor Jeremy Grantham warned that stocks were in a “super bubble.” Since then, their prices h...

Reports: Musk Demands Months For Trial Prep In Twitter Suit

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SAN FRANCISCO (AP) — Tesla CEO Elon Musk fired back Friday at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple ...

YIFA SEGAL: The sweet victory against Ben & Jerry’s deters other boycotts

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ISRAEL (Jerusalem Institute for Strategy and Security) — Ice cream manufacturer Ben & Jerry’s announcement of its intention to boycott Israel by not allowing its products to be...

Orthodox Gun Club Founder on Mission to Help Protect Jewish Homes and Businesses

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ROCKLAND (Yaakov M / VINnews) One Orthodox Jewish gun-rights advocate is helping businesses protect themselves, while advocating for (safe) gun ownership in the frum community. ...

JPMorgan Profit Takes A Hit In Second Quarter, Shares Drop

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NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that's showing strength in many areas but losing steam as inter...

INSANE: Will Fed Hike Rates a Huge 1% Point?

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WASHINGTON (AP) — Christopher Waller, a member of the Federal Reserve's Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in ...

GM, Partners To Build 500 Electric Vehicle Charging Stations

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DETROIT (AP) — A major automaker, large truck stop chain and an electric vehicle charging company are proposing a network that would put charging plugs at 50-mile intervals along U...

Wholesale Inflation In June Surged 11.3% From A Year Ago

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WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the America...

Chasidic Commerce Shines as Thousands Attend Satmar Business Expo

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NEW YORK (VINnews/SandyEller) - More than 4,000 people flocked to the Garden State on Wednesday for the first-ever trade show dedicated to furthering business within the Satmar com...

Delta Posts $735 Million Profit, Sees Strong Revenue In 3Q

Planes have been packed to pre-pandemic levels this summer, and that is letting airlines take in enough money to cover higher fuel costs – and then some. Delta Air Lines said We...

US Inflation Reached A New 40-Year High In June Of 9.1%

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WASHINGTON (AP) — Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for a...