Business

Amazon shareholders approve $212M payout to CEO Jassy, reject worker safety, climate initiatives

Amazon shareholders approve $212M payout to CEO Jassy, reject worker safety, climate initiatives

At its annual meeting for shareholders, Amazon’s investors approved a more than $212 million payout for CEO Andy Jassy and voted against 15 proposals asking the company to report on worker safety, climate goals, pay rates, use of its face recognition technology and its stance on workers’ right to unionize. “We’re going to continue to …

Amazon shareholders approve $212M payout to CEO Jassy, reject worker safety, climate initiatives Read More »

Crypto in 2022: is there any hope of a comeback?

Crypto in 2022: is there any hope of a comeback?

The crypto market is in mayhem this year, consistent with other risk assets, as investors are concerned about soaring inflation, signs of a softening economy and the Federal Reserve’s tightening of its monetary policy. Bitcoin BTCUSD, -2.17% is down more than 55% from its all-time high in November and continues to trade in consolidation, while …

Crypto in 2022: is there any hope of a comeback? Read More »

A slew of candy and snacks made with Jif peanut butter now being recalled

A slew of candy and snacks made with Jif peanut butter now being recalled

Candy, trail mix and other snacks made with recalled Jif peanut butter are among the growing number of products being pulled from stores and vending machines nationwide as federal health officials investigate a multi-state outbreak of salmonella. The Centers for Disease Control and Prevention on Monday issued a public safety alert that said at least 14 …

A slew of candy and snacks made with Jif peanut butter now being recalled Read More »

Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans

Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans

SAN FRANCISCO — At a virtual meeting for Twitter executives last week, Parag Agrawal admitted he was exhausted. Mr. Agrawal, Twitter’s chief executive, had spent the past six weeks steering the company through a $44 billion sale to Elon Musk, the world’s richest person. Some employees were rebelling openly against their new owner, who had …

Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans Read More »

Stock Market Pares Gains As It Waits For Fed Minutes; IBD 50 Outperforms

Stock Market Pares Gains As It Waits For Fed Minutes; IBD 50 Outperforms

The stock market wavered at midday as investors awaited new signs from the Fed on its inflation-fighting strategy, while today’s economic data wasn’t exactly robust. X The Nasdaq composite climbed as much as 1% but pared its gain to 0.6% at midday. The S&P 500 was up 0.2% after ceding some gains. The Dow Jones …

Stock Market Pares Gains As It Waits For Fed Minutes; IBD 50 Outperforms Read More »

Whistleblower report on baby formula didn’t reach top FDA food safety official

Whistleblower report on baby formula didn’t reach top FDA food safety official

Placeholder while article actions load When a whistleblower sent a 34-page report to the Food and Drug Administration in October alleging a host of unsanitary conditions at an Abbott infant formula factory, the top official in charge of food safety didn’t see it. In fact, Frank Yiannas, the FDA’s deputy commissioner for food policy and …

Whistleblower report on baby formula didn’t reach top FDA food safety official Read More »

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros

Stock index futures are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and portfolio manager at …

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros Read More »

Musk, Twitter 'fireworks' could come at annual shareholder meeting: analyst

Musk, Twitter ‘fireworks’ could come at annual shareholder meeting: analyst

‘Woke, Inc.’ author Vivek Ramaswamy reacts to Elon Musk’s belief that Twitter bots disincentive the tech giant’s deal acquisition. One Wall Street analyst is expecting “fireworks” between Tesla CEO Elon Musk and Twitter’s board at the social media giant’s upcoming annual shareholder meeting on Wednesday. “Twitter will be holding its annual shareholder meeting this Wednesday …

Musk, Twitter ‘fireworks’ could come at annual shareholder meeting: analyst Read More »

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears

Snap Inc tumbles, profit fears hit rival social media cos Abercrombie & Fitch slumps after lowering revenue outlook Indexes: Dow up 0.15%, S&P down 0.81%, Nasdaq slides 2.35% NEW YORK, May 24 (Reuters) – The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation …

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears Read More »

I-TEAM: ‘Technical issue’ blamed for Meijer transaction problems; customers report duplicate charges

I-TEAM: ‘Technical issue’ blamed for Meijer transaction problems; customers report duplicate charges

I-TEAM: ‘Technical issue’ blamed for Meijer transaction problems; customers report duplicate charges Meijer customers in the Miami Valley and in other parts of the country reported issues in the checkout lines over the weekend including double and multiple charges on credit and debit cards. >>West Carrollton Dollar General reopens after multiple code violations forces closure …

I-TEAM: ‘Technical issue’ blamed for Meijer transaction problems; customers report duplicate charges Read More »