The tech-heavy Nasdaq led Wall Street declines, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment.
Read More Nasdaq touches over one-month low after weak consumer sentiment data
Category: Business
Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push
Starbucks said it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his turnaround efforts with falling sales.
Read More Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push
US probes UnitedHealth’s Medicare billing practices, WSJ reports
The Justice Department has launched a probe into UnitedHealth’s Medicare billing practices in recent months, sending the healthcare conglomerate’s shares nearly 12% lower.
Read More US probes UnitedHealth’s Medicare billing practices, WSJ reports
Target sued by Florida for defrauding shareholders about DEI
Target was sued by the state of Florida for allegedly concealing the risks of its diversity and social initiatives, leading its stock price to decline.
Read More Target sued by Florida for defrauding shareholders about DEI
US aviation sector calls for emergency funding for air traffic technology, staffing
The U.S. aviation sector called for “robust emergency funding” from Congress for air traffic control technology and staffing after a series of crashes that have raised alarm.
Read More US aviation sector calls for emergency funding for air traffic technology, staffing
Nike to launch new women’s fitness brand with Kim Kardashian’s Skims
Nike will launch a new women’s activewear brand in the U.S. this spring in partnership with Kim Kardashian-owned shapewear clothing company Skims.
Read More Nike to launch new women’s fitness brand with Kim Kardashian’s Skims