Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The Dow dropped 494 points, or 1.2%. The S&P 500 shed 1.4%, while the Nasdaq Composite slipped 2.3%. The Russell 2000…
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Business
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Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech…
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Business
Federal judge overturns $4.7 billion jury verdict in ‘Sunday Ticket’ lawsuit, ruling for NFL
by adminLOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL and has granted judgment to the NFL. U.S. District Judge…
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U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures. Citrus growers are losing millions of dollars every year, according to the United States Department…
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Business
Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
by adminYum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. The restaurant company announced on Wednesday that it is expanding its rollout of the…
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Business
Sports streaming venture from Fox, Disney and Warner Bros. priced at $42.99 a month
by adminVenu Sports, the sports streaming joint venture between Disney’s ESPN, Warner Bros. Discovery and Fox Corp., will cost $42.99 a month. The upcoming streaming platform announced its pricing on Thursday and said it plans to launch in the fall. It…
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Federal Reserve officials said Wednesday that while there are signs the economy is slowing, the Fed was not yet ready to cut its key interest rate. Yet even as it held rates at their current…
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Business
CarShield ordered to pay $10 million federal settlement over deceptive repair coverage ads
by adminCarShield, a company that sells vehicle service contracts to automobile owners that it claims will cover the cost of certain repairs, has agreed to pay $10 million in a settlement with federal regulators over charges…
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Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO called the current slowdown in the home goods category “unprecedented” — and likened it to the 2008 financial crisis. “Our credit…
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The United Auto Workers has endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement shouldn’t be surprising. UAW President Shawn Fain has been outspoken against Trump. The Detroit union also has…