FedEx plunge, consumer sentiment and more: Friday's 5 things to know
FedEx shares plunged after the company reported that it was closing some stores, offices and scheduling fewer flights in cost saving measures.
Uber looking into computer system hack
Uber confirmed on Thursday that some of its internal computer systems had been breached by a hacker and it is being investigated. Uber said it was in touch with police about the hack.
GM announces $491M investment in Indiana facility as part of EV production efforts
GM on Thursday announced a $491 million investment into its Marion, Indiana, metal stamping plant to ready the facility to make parts for EVs and other future products.
Michael Jordan's 'Last Dance' NBA Finals jersey sells for sports memorabilia record
A Michael Jordan 1998 NBA Finals jersey just broke the record at a Sotheby's auction for the most expensive item in sports memorabilia history. It sold for over $10 million.
Walmart tries to boost online shopping with realistic virtual dressing rooms
Walmart is looking to boost clothing sales and is launching a more realistic virtual try-on tool, making it easier for online shoppers to make a purchase.
LA Lakers’ Jeanie Buss goes all-in on female wrestling franchise: ‘They deserve the spotlight’
Los Angeles Lakers president and co-owner Jeanie Buss is using her "position" in the sports industry to launch the world's only all-female "Women of Wrestling" franchise.
McDonald’s CEO says Chicago crime hurting recruitment, scaring employees as companies flee: ‘City in crisis'
The CEO of McDonald's says crime in Chicago has made it difficult to attract employees and suggested companies like his will continue to leave if the city doesn't address it.
LA Lakers co-owner gives women the ‘spotlight’ with new wrestling franchise
Women of Wresting owner and Los Angeles Lakers co-owner Jeanie Buss on the importance of investing in women's sports.
Disney CEO may combine streaming assets, including Hulu in one app
Efforts are underway to simplify streaming for users. The recent trend of media companies wanting to combine their assets under one app may soon include The Walt Disney Company.
Republican House leaders meet with Apple CEO Tim Cook to discuss Big Tech censorship, China
Apple CEO Tim Cook attended a meeting with several House Republican leaders on Wednesday to discuss several issues, including Big Tech censorship.
McDonald’s to close all its UK restaurants Monday to honor the Queen’s funeral
McDonald's announced that it will close all UK restaurants on Monday, September 19 as a mark of respect to Queen Elizabeth II on the day of her funeral.
Google Android antitrust fine largely upheld by EU court
The European Court of Justice’s General Court largely upheld a decision to fine Google more than 4 billion euros for restricting competition through Android.
Buffalo, NY, Starbucks union organizer resigns, claims she was forced out for her union leadership
Jaz Brisack, the Starbucks barista who helped lead the unionization effort of a Starbucks in Buffalo, NY, last year, is now saying she is being forced out due to her union leadership.
Biden gets Detroit auto show tours from GM, Ford execs
President Biden toured the Detroit auto show on Wednesday, meeting with industry leaders. Biden drove a Cadillac Lyriq ahead of his speech on electric vehicles.
In or out: Ford gives dealers ultimatum on EV sales
Ford CEO Jim Farley has told dealers they need to decide by Oct. 31 whether or not they want to become certified to sell the brand's electric vehicles.
Wells Fargo in $94M settlement over mortgage forbearance during pandemic
Wells Fargo agrees to a $94 million class-action settlement for allegedly forcing more than 200,000 customers into forbearance without their consent in violation of the CARES ACT,
Current, former social media execs address national security issues at Senate hearing
Current and former executives from Twitter, Facebook, TikTok and others will address social media national security concerns at a Senate Homeland Security Committee hearing.
Twitter’s former security chief tells Congress foreign agents are 'on the payroll' and can access user data
Peiter Zatko, a security chief turned Twitter whistleblower, testified that the company has foreign agents 'on the payroll' and does not adequately prevent user data access.
Biden to announce $900 million electric vehicle infrastructure overhaul at Detroit auto show
President Joe Biden will head to Detroit on Wednesday for the North American International Auto Show (NAIAS), where he will meet with auto company CEOs, unions and local leaders.
US government debt revealed, inflation hotspots and more: Wednesday's 5 things to know
U.S. national debt is closing in on $31 trillion after Congress spent at an amazing clip and borrowed before the pandemic. Stocks suffered the worst day in two years as inflation rises.



















