Business

Starbucks responds to union demands as workers strike

Starbucks is responding as some of its union workers took to picket lines Friday after Starbucks Workers United (SBWU) baristas voted to authorize a strike earlier this week. According to the coffee chain, the union is seeking pay hikes that are “not sustainable.” Ticker Security Last Change Change % SBUX…

Party City going out of business after 40 years

Party City is permanently shutting down. CEO Barry Litwin said it was “necessary to commence a wind down process immediately” for the party supplies retailer, CNN reported Friday, citing comments from a Party City conference call with its corporate workers. While speaking Friday with Party City staff, Litwin reportedly said Party City’s…

Stocks swing, Trump lands Softbank and Social Security’s big change

-Stocks wrap up a volatile week ahead of the Christmas holiday  -The Federal Reserve delivers ho-hum holiday rate cut -President-elect lands big whale of an investment for the U.S. -Crypto elite plow big bucks into Trump’s inauguration  -UnitedHealthcare CEO killer Luigi Mangione extradited to New York City -Teamsters target Amazon with strike…

Trump inauguration draws big crypto donations

Big crypto is joining big tech and the rest of corporate America by donating millions toward President-elect Trump’s inauguration celebrations, FOX Business has learned. Cryptocurrency exchange Kraken donated $1 million to the Trump-Vance inaugural committee, the organization funding the three-day extravaganza of galas, parades and rallies celebrating Trump and his VP-elect JD Vance’s big win in the…

Tesla recalls over 694K vehicles software update related to tire pressure

Tesla has recalled more than 694,000 of its Model 3, Model Y and Cybertruck electric vehicles. The recalled vehicles “installed a software release that was not compliant with the tire pressure monitoring system malfunction telltale requirement” issued by the National Highway Traffic Safety Administration (NHTSA), according to the Tuesday recall…

Trump, Bezos sat down for dinner earlier this week

President-elect Donald Trump and Jeff Bezos sat down together earlier this week for an evening meal. The dinner between the incoming president and Bezos, the executive chairman of Amazon and founder of Blue Origin, occurred on Wednesday night at Mar-a-Lago, according to the Trump transition team. Outlets like the New York Post…

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