Bud Light suffers bloodbath as longtime and loyal consumers revolt against transgender campaign
Bud Light suffered a bloodbath as consumers revolted against its new transgender social-media campaign that appears to exclude longtime loyal customers.
TSMC in talks with US about CHIPS manufacturing subsidy criteria
Taiwan-headquartered chipmaking giant TSMC is in talks with the U.S. government about compliance criteria for obtaining subsidies from the $52 billion CHIPS Act.
Auditors didn’t flag risks building up in banks
Audit firm KPMG LLP flagged potential losses on loans as a critical matter for Silicon Valley Financial but missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.
IMF projects slowest rate of growth in decades, urges 'support' from wealthier countries
The IMF cited the war in Ukraine and health concerns in China as chief potential stumbling blocks that could prevent a more robust economic recovery in coming years.
King Dollar still looks safe from the yuan
The share of U.S. dollars in foreign-exchange reserves of global central banks has slipped in recent years, but it still accounts for nearly 60% of the total.
This is what happens when government floods our economy with easy money
The culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID relief" and "infrastructure."
Fed President Bullard: Credit tightening won’t trip recession
Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.
Treasury releases 2023 DeFi illicit finance risk assessment
The Treasury Dept. released its first-ever illicit finance risk assessment of decentralized finance (DeFi) services to cybercriminals and state actors like North Korea.
Investor Bill Miller takes on S&P 500 with new ETF
According to SEC filing, advisers of the Miller Value Partners Appreciation ETF say the fund has an above-average probability to outperform the S&P 500 over a multi-year time horizon.
Sweetgreen changes name of chicken burrito bowl, two days after Chipotle sues
Sweetgreen announced it will rename its new menu item, the Chipotle Chicken Burrito Bowl, to Chicken + Chipotle Pepper Bowl after Chipotle Mexican Grill sued the fast casual restaurant chain in a California Federal Court for violating their trademark rights.
Dollar bull market to end as Fed tempers rate hikes: strategists
Amid a banking crisis and the hawkish Fed strategy to raise interest rates and cool inflation, the U.S. dollar is predicted to weaken further in 2023.
Honda recalls 564,00 CR-Vs
Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.
State-owned Bank of North Dakota's unique structure garners attention in wake of banking crisis
The Bank of North Dakota's unique position as the only U.S. bank owned and operated by a state has drawn attention as a potential alternative structure amid the recent banking crisis.
Technical companies dealing with shortage of young, skilled trade workers
Technical companies are having a hard time replacing older trade workers who are retiring. There haven't been enough young people training to fill open roles.
Bed Bath & Beyond enters into $120M merchandise agreement in bid to stave off bankruptcy
Bed Bath & Beyond announced a $120 million vendor consignment program with ReStore Capital that the struggling retailer hopes will help it keep inventory on the store shelves.
Growing CEO pay gap gives New York an extra edge over London
CEOs in NY can make triple that of their peers across the pond in London. This is mainly due to stock options and regulation. Many companies are leaving the UK for NY.
Chipotle sues Sweetgreen over 'Chipotle Chicken Burrito Bowl'
Fast casual restaurant chain Chipotle Mexican Grill is suing competitor Sweetgreen in federal court in Santa Ana, Calif., claiming the salad restaurant’s new "Chipotle Chicken Burrito Bowl" violates trademarked rights.
ChatGPT facing potential defamation lawsuit after falsely labeling Australian mayor as bribery convict
Australia may see the first defamation lawsuit against an AI this year after a mayor threatened to sue over ChatGPT's assertion that he had committed fraud.
McCarthy-Tsai meeting highlights the importance of the US-Taiwan partnership amid China threat
House Speaker Kevin McCarthy, R-Calif., and Taiwan President Tsai Ing-wen will meet Wednesday in California amid ongoing tensions with the People's Republic of China.
LeBron James, Tiger Woods become first billionaire athletes while still playing
For the first time, two active athletes have made Forbes' sports billionaires list. Tiger Woods and LeBron James reached the milestone.



















