Business
President Joe Biden traveled to Wilmington, North Carolina, on Thursday to tout the administration’s water infrastructure investments in a key swing state as the election season draws nearer. Biden focused the majority of his remarks on efforts to replace lead water pipes that remain in use around the country despite…
Apple, Inc. posted a year-over-year decline in revenue in its fiscal second-quarter earnings report after the bell on Thursday but still beat Wall Street’s expectations. The tech giant’s sales fell 4.3% from the prior year, coming in at $90.75 billion. Analysts anticipated $90.01 billion. IPhone sales fell 10.5% to $45.96…
People seem to be buying less food from quick-service restaurants (QSR). That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald’s offered their latest quarterly updates on their businesses.In the first quarter, the corporate parent of KFC, Taco Bell and Pizza Hut said its overall…
The founder and CEO of telehealth and online pharmacy Hims took to social media Wednesday to encourage anti-Israel protesters on college campuses to continue in those efforts because companies like his will be “eager” to hire them. Andrew Dudum, who founded Hims in 2017, said anti-Israel campus protesters are making…
Menu prices in California will rise once again when a new law goes into effect in the summer, a double-whammy after fast-food chains in the state hiked prices to help pay for the $20 minimum wage the state imposed last month. Restaurant owners in the state are warning that a…
Mortgage rates pushed further into the 7% range as the Federal Reserve seems unlikely to reverse its restrictive policy stance anytime soon, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase…
Consumers who recently purchased ground beef at Walmart need to check the labels. The Department of Agriculture on Wednesday issued a “High-Class 1” alert warning that more than 16,000 pounds of beef shipped to the retail giant nationwide is being recalled over concerns that it could be contaminated with E.…
A passenger has been busted at Miami International Airport for trying to get onto an airplane with a bag of snakes in their pants. The TSA shared images of the reptiles on X, writing that officers in Florida “detected this bag of snakes hidden in a passenger’s pants at a…
The Federal Reserve said that a lack of progress in bringing inflation down over the last few months is why it is holding interest rates where they are for now. On Wednesday, the central bank announced it would maintain the federal funds rate range at 5.25% to 5.5%, where rates have held…
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