Nearly 600 economists have signed an open letter voicing support for Federal Reserve Governor Lisa Cook, emphasizing the importance of protecting the central bank’s independence from political pressure. The signatories — including Nobel laureate Joseph Stiglitz and former Chair of the Council of Economic Advisers Jared Bernstein — warn that…

Salesforce has cut 4,000 customer support jobs and replaced them with artificial intelligence (AI) agents, CEO Marc Benioff recently said.  Benioff made the comments while discussing how the new technology is impacting the $248 billion computer software company’s headcount during an appearance on “The Logan Bartlett Show” podcast that was…

McDonald’s CEO Chris Kempczinski warned of a “two-tier economy” as the fast-food giant brought back its Extra Value Meals this week in hopes of capturing budget-conscious consumers.  Kempczinski made the remark during an appearance on CNBC as McDonald’s announced it will offer eight meal bundles at breakfast, lunch and dinner,…

Condos built more than 30 years ago are becoming some of the hottest properties in South Florida, with recent data showing they’re selling faster than newer units — often for less than half the price. “I think these old condos are going to be like classic cars,” Miami-based Compass broker…

The Walt Disney Company will pay $10 million to settle a Federal Trade Commission lawsuit claiming the entertainment company allowed personal data to be collected on children under 13 in violation of federal law. The FTC said on Tuesday that Disney violated the Children’s Online Privacy Protection Act, requiring children-oriented…

Alphabet stock jumped over 7% on Tuesday after a judge ruled that Google can keep Chrome and Android but must share data with rivals, a decision reshaping competition and boosting Apple, too. This decision will allow Apple to continue collecting billions from Google for search defaults and strengthen Apple’s bottom…

Constellation Brands lowered its outlook for its current fiscal year as consumer demand for beer weakened, particularly for high-end beer purchases, amid a “challenging” economic climate. Constellation, which is the U.S. importer of Corona and Modelo, revised its net sales forecast for beer downward to a decline of 2% to 4%,…

Amazon Prime’s free shipping perk will be restricted to household members only starting next month as the shopping juggernaut phases out the “Prime Invitee program.” The program, which allowed Amazon Prime members to share their shipping benefits with people outside their household that didn’t have a membership, will end on…

Once again, lawfare from activist judges strike again, as the largely democratic Washington, DC Appeals Court is upholding a largely democratic trade court decision, standing in the way of Mr. Trump’s reciprocal fair trade initiative, which is so central to Trump policy. I’m the non-lawyer, but it seems to me that…

The Ryder Cup is just weeks away, and the PGA of America tapped an American-based golf manufacturer to make a statement with Team USA’s equipment for the matchup against Team Europe.  Swag Golf, headquartered in Northbrook, Illinois, is known for its creatively bold designs on its precision-milled putters, headcovers and…