Business
President Donald Trump on Wednesday appealed a federal judge’s order blocking him from firing Federal Reserve Governor Lisa Cook, the latest twist in a high-stakes lawsuit that could be headed to the Supreme Court. The notice of the appeal to the U.S. Court of Appeals for the D.C. Circuit was…
Novo Nordisk, the maker of in-demand drugs Ozempic and Wegovy, said it will cut thousands of global jobs to simplify operations and reallocate resources toward its diabetes and obesity drugs as rivals take a bite out of the market share. The company announced on Wednesday that it intends to reduce…
On Tuesday, the Bureau of Labor Statistics (BLS) published a revision of its latest job numbers, a report that shows just how far off its estimates of overall employment were from reality. The latest data just confirms what many already suspected—that the situation is worse than we thought. There’s something…
Electric vehicle drivers in California are losing their carpool lane privileges at the end of the month. The popular perk, which lasted 25 years, allowed electric vehicle drivers with a required decal on their car access to the carpool lane, even with only one person in the car. President Donald…
Oracle’s stock surge has pushed co-founder Larry Ellison’s net worth higher by tens of billions of dollars the last two days and puts him ahead of Tesla CEO Elon Musk as the richest person in the world. The software giant’s stock surged in after-hours trading following an earnings release that featured…
The United States is set to increase its manufacturing of amoxicillin — a widely used prescription antibiotic that recently faced a national shortage — after Walmart and medical supply and distribution company McKesson inked a deal with the nation’s lone manufacturer of the drug. “We are thrilled to work with…
Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above the $35 to $37 expected range, valuing the company around $15 billion.COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG…
JPMorgan Chase handled the processing of more than $1 billion for Jeffrey Epstein over the course of 15 years despite internal concerns about his status as a sex offender and financial activity, according to a new investigative report by the New York Times. The Times cited internal bank records, sealed deposition transcripts,…
Viktor Hovland will be celebrating his 28th birthday a week before the Ryder Cup begins, and he is hoping the celebration can last through the end of September. Hovland is a budding golf star, winning the FedEx Cup in 2023 at just 25 years old.He is longing for a major…
Ludvig Aberg burst onto the golf scene in 2023 and quickly became one of the best the game has to offer. Aberg had just 12 PGA Tour tournaments under his belt, none of them being a major, when he got the nod to participate in his first Ryder Cup. He…