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Business

“Kroger hikes forecast after stronger grocery sales top estimates”

“Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and other groceries… Here’s what Kroger reported for the three-month period… Continue Reading…

Business

“Amazon’s Customer Satisfaction Slips With Shoppers”

“For nearly three decades, Amazon AMZN -2.63%decrease; red down pointing triangle.com Inc. has been defined by its obsession over customers. Recent information, however, suggests that consumer enthusiasm about the country’s largest online retailer has slipped. The number of Amazon customers who said they were… Continue Reading…

Business, Stocks

“Disney shares rise after Iger replaces Chapek as CEO”

“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…

Business

“Facebook’s Monopoly Is Imploding Before Our Eyes”

“For years, the definition of success for many tech employees has been getting a job at a FAANG company (Facebook, Amazon, Apple, Netflix, Google). Amazon, Apple, Microsoft, Facebook, and Google, meanwhile, are often the five major companies people think of… Continue Reading…

Business, Economy

“‘Know your worth’ — 33% of job seekers said they wouldn’t even go to a job interview without seeing the salary first”

“Workers are pushing for greater pay transparency, whether employers like it or not. Such conversations around income expectations used to be “the elephant in the room,” said Vicki Salemi, career expert at Monster.com. Now, 33% of job seekers said they… Continue Reading…

Business

“General Motors says sales rose 24% in the third quarter”

“DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on the company’s output. The Detroit automaker on Monday said it sold 555,580 vehicles from July through September, up from 447,000 a… Continue Reading…

Business, Cryptocurrencies

“GameStop reports wider loss, announces partnership with crypto exchange FTX”

“GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. Shares of the company rose more than 6% in premarket trading Thursday.… Continue Reading…

Business, Stocks

“Pharma stocks crater as investors brace for billions in heartburn drug litigation charges”

“Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bubbling in the background for years… Continue Reading…

Business, Economy

“Business travel costs are expected to rise through 2023, industry report says”

“…Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Next year, fares are set… Continue Reading…

Economy

“Apple chipmaker TSMC warns Taiwan-China war would make everybody losers”

“If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, Liu said that if Taiwan were… Continue Reading…