Biden invokes Defense Production Act to boost baby formula manufacturing to ease shortage
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images President Joe…
Melvin Capital says it's winding down funds and returning money to investors during market turmoil
Melvin Capital, the hedge fund crushed last year after betting against GameStop, said it will unwind its funds and return…
Elon Musk says he’ll vote Republican, bashes Democrats
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy…
The sell-off has entered ‘a new phase,’ Allianz’s El-Erian says
Wednesday marked a new chapter in the market sell-off, as investors fled stocks and sought safety in bonds, according to…
U.S. faces unnecessary deaths if Congress fails to pass funding bill
Top U.S. health officials on Wednesday reiterated their calls for Congress to pass funding for the nation’s fight against Covid-19,…
What Walmart, Target, Home Depot and Lowe’s tell us about the economy
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high…
Why Tesla was kicked out of the S&P 500’s ESG index
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images…
These stocks are expanding margins as other companies struggle with rising costs
Recent retail earnings have showed just how big a toll rising inflation, a major concern for investors all year, is…
Ex-Minneapolis police officer pleads guilty to manslaughter in George Floyd’s death
Former Minneapolis Police officers Thomas Lane (C) and J. Alexander Keung (R) leave the Hennepin County Family Justice Center after…
Amazon accused of discrimination in New York
Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged…
Hedge fund Melvin Capital tells investors it plans to shut down -letter By Reuters
2/2 © Reuters. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York,…
NASA set for Boeing’s Starliner uncrewed space capsule test By Reuters
2/2 © Reuters. FILE PHOTO: The Atlas V rocket carrying Boeing’s CST-100 Starliner capsule is seen after the launch to…