Friday, April 19, 2024

Business

New American Dream Department Store Targets Orthodox Shoppers

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NEW JERSEY (VINnews/Sandyeller) - Buoyed by the number of Orthodox Jewish visitors that have come to enjoy its stores, parks and other attractions, the management at the American D...

Finance Minister Smotrich Invites Costco To Israel: ‘Mutually Beneficial Opportunity’

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JERUSALEM (VINnews) — In an attempt to battle the rising cost of living in Israel and increase competition in the food market, Finance Minister Bezalel Smotrich has requested from ...

Jury: Musk Didn’t Defraud Investors With 2018 Tesla Tweets

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SAN FRANCISO (AP) — A jury on Friday decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and ra...

US Adds A Surprisingly Strong 517,000 Jobs Despite Fed Hikes

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WASHINGTON (AP) — America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and ...

WATCH: Multiple Antisemitic Images Discovered on Shutterstock

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NEW YORK (VINnews) — Allison Josephs, founder of “Jew in the City”, discovered numerous antisemitic stock photos and images on Shutterstock. She posted a video showing those images...

Adani Scraps $2.5B Share Sale After U.S. Short Seller Fraud Claims Hit Stock

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NEW DELHI (AP) — Embattled Indian billionaire Gautam Adani called off his flagship company's $2.5 billion share sale late Wednesday after a tumultuous week saw his conglomerate she...

Meta Posts Lower Q4 Profit, Announces Huge Stock Buyback

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SAN FRANCISCO (AP) — Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition f...

Fed Lifts Rate By Quarter-Point And Signals More Hikes Ahead

WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the ...

What Is Hindenburg Research, Firm Accusing Adani Of Fraud?

NEW YORK (AP) — Hindenburg Research, the financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling, is taking on one of ...

Israeli Tech Unicorn Tom Livne : ‘I’m Leaving The Country, Stopping Paying Taxes’ Due To Judicial Reforms’

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JERUSALEM (VINnews) — The planned judicial reforms in Israel are making waves in Israel's burgeoning hi-tech industry. On Tuesday, Tom Livne, founder of one of Israel’s most succes...

Why are So Many Chickens Dying or Not Laying Eggs?

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CONNECTICUT (VINnews) — A massive blaze killed 100,000 chickens at a large Connecticut farm over the weekend. It is the latest in a long series of “mystery-fires” which have erupte...

American Express Launches Products For Small Businesses

NEW YORK (AP) — American Express is launching a suite of financial service products for small businesses as it aims build up its presence in the small business sector. The servi...

Drugmaker Pfizer Starts Low With 2023 Earnings Forecast

(AP) - Pfizer surprised Wall Street with a prediction for a bigger-than-expected sales drop this year for two key products: its COVID-19 vaccine and treatment. The drugmaker als...

World’s 3rd Richest Man Mulls Suing US Short-Seller As Shares Sink Up To 20%

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NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Res...

US Inflation And Consumer Spending Cooled In December

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WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate...

US Home Sellers Get While The Gettin’s Good

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LOS ANGELES (AP) — Homeowners who held off on selling their home in 2022 as the housing market slowed missed out on a windfall and may have to settle for slimmer profits if they op...

AmazonSmile’s End Is Alarming, Say Nonprofits That Benefited

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(AP) - Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to r...

Tesla Says Its 4Q Profit Rose 59%, Expects Strong Margins

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DETROIT (AP) — Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its marg...

Murdoch Pulls Plug On Possible Merger Of News Corp., Fox

NEW YORK (AP) — Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for sharehold...

Boeing Loses $663 Million In 4Q Despite Higher Revenue

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(AP)- Boeing said Wednesday it lost $663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue. It was another disappointing q...