Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as CEO.
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South Carolina Supreme Court overturns state 6-week abortion ban as unconstitutional
The ruling by South Carolina's highest court comes more than six months after the U.S. Supreme Court voided the federal right to abortion.
Online holiday sales rose by 3.5% as discounts persuade deal-hungry shoppers
Sales during the key shopping season got a boost from record-high discounts and Cyber Week deals.
Here's how the House speaker debacle is paralyzing the U.S. Congress
The failure to elect a House speaker has left the legislative branch of the government effectively paralyzed.
Biden to visit U.S.-Mexico border city of El Paso on Sunday as White House rolls out new immigration rules
The trip details came as the administration announced new border enforcement measures related to the anticipated lifting of the Covid-era Title 42 policy.
Tech jobs were hit the hardest by layoffs last year
Tech job cut announcements were up 649% in 2022 from the nearly 13,000 announced in 2021, Challenger reported.
Ford pickup truck sales in December help narrow overall sales decline in 2022
Ford reported sales of more than 1.9 million vehicles in 2022, including an increase of 3.2% during the final month of the year.
Credit card interest rates are heading to 20% on average — here’s the best way to pay down high-interest debt
As the Federal Reserve remains committed to raising interest rates to combat inflation, credit card rates will hit fresh highs in the year ahead.
CVS and Walgreens plan to sell abortion pill mifepristone at pharmacies after FDA rule change
Mifepristone has become a central flashpoint in the political battle over abortion at the state level in the wake of the Supreme Court overturning Roe v. Wade.
Fed's Esther George sees rates staying high at least into 2024
As her 40-year central banking career comes to a close, is advising her colleagues to stay tough on y inflation.
Nonprofit financed by billionaire George Soros quietly donated $140 million to political causes in 2021
A George Soros backed nonprofit put $140 million into politically charged groups in the buildup to the 2022 midterm elections.
Private payroll growth surged by 235,000 in December, well above estimate, ADP reports
Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.
Amazon says it will cut over 18,000 jobs, more than initially planned
Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November.
XBB.1.5 omicron subvariant is the most transmissible version of Covid yet, WHO says
The WHO does not have any data yet on the severity of XBB.1.5, but there's no indication it makes people sicker than previous subvariants, top official said.
Rivian stock hits new 52-week low after the automaker misses 2022 production target
Rivian said it produced 24,337 vehicles last year, slightly missing its 25,000 target.
Share of new car buyers with a monthly payment of more than $1,000 hits record high
High prices and rising interest rates are causing an affordability problem for many car shoppers.
Fed officials see higher rates for 'some time' ahead
Policymakers expressed the importance of keeping restrictive policy in place while inflation holds unacceptably high.
California braces for powerful atmospheric river storm
The new storm in California is part of a series of atmospheric river storms that climate scientists forecast will continue this month.
Paramount sued for $500 million over 1968 'Romeo & Juliet' nude scene
Two stars of the 1968 film adaptation of "Romeo & Juliet" have sued Paramount Pictures for more than $500 million over a nude scene the actors shot as teens.
GM reclaims title as America's top automaker after a 2.5% jump in sales last year
GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% for the year.
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