Morgan Stanley, one of the world’s largest investment banks, is cutting 3% of its workforce, roughly 2,500 employees, across all business divisions. The job cuts impacted Morgan Stanley’s three major divisions — investment banking and trading, wealth management and investment management — but not its financial advisors, FOX Business confirmed.The…
The U.S. Department of Agriculture (USDA) recently released a trade forecast showing the farm trade gap narrowing significantly during fiscal year (FY) 2026. The forecast shows the agricultural trade deficit falling from $43.7 billion in FY2025 to a projected $29 billion in FY2026, an improvement from last year’s level and…
Companies in the private sector added 63,000 jobs in February, payroll processing firm ADP said Wednesday. The figure is above economists’ estimates of a gain of 50,000 jobs. The prior month’s payrolls number was revised lower to a gain of just 11,000 from an initially reported gain of 22,000.”We’ve seen…
A single digital gambler known only as “Magamyman” walked away with $600,000 this weekend after successfully betting on the U.S. military’s strike against Iranian leadership—and he was not alone. As millions of dollars flooded into controversial prediction markets tied to U.S. strikes on Iran and the death of Ayatollah Ali…
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Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively. TJX…
Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the…
Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy…
Public Storage is relocating its headquarters from California to Texas, becoming the latest major corporation to shift its official base…
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E-commerce giant eBay announced Thursday it is slashing hundreds of jobs, just days after the company dropped $1.2 billion in cash to acquire a trendy Gen Z fashion app and settled a federal stalking lawsuit involving former executives. Multiple outlets have reported that eBay will…
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The Food and Drug Administration announced Tuesday a recall of bags of certain dog treats over concerns about potential salmonella contamination. Elite Treats, based in Florida, issued a recall of a single lot of 6-ounce bags of Elite Treats Chicken Chips for Dogs, according to the FDA.The recalled bags have…
Consumer confidence ticked higher in February as American households’ expectations for the labor market improved. The Conference Board’s consumer confidence index rose 2.2 points to 91.2 in February from an upwardly revised 89 in January. The January data was initially reported as 84.5, the lowest level since May 2014.Economists polled…
Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company’s analysis found…
A company that makes self-defense products has spent the last few years moving much of its manufacturing to the U.S. and is finding the benefits extend beyond having the ability to put a “Made in America” label on their products. Byrna Technologies, which makes non-lethal personal security devices that can…
FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump’s order targeting imports. The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court’s 6-3 ruling Friday, which determined that the president did not have the authority…
The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday. In addition to compensating affected service members, the company will pay a $79,380 civil penalty to…
Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire. The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo’s push to compete with cheaper Chinese brands. The…
A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates. Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that…
The Trump Organization signed an agreement to build a $1 billion skyscraper on Australia’s Golden Coast, the company announced on Friday. The $1.06 billion building will rise 91 floors in the Australian state of Queensland, the Trump organization said in an announcement. The building will feature a “six-star resort-hotel” with…
Behind Florida’s fine sand beaches and bright green palm trees, a roaring and thriving economy isn’t just running on sunshine; it’s a direct result of a “secret sauce” that combines aggressive private-sector growth with a stark fiscal contrast to the policies of high-tax, Democratic-led states. While hubs like New York…
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