One of the things made clear by Amazon’s most recent quarterly statement is that its e-commerce business is in trouble. The North American e-commerce operation posted an increase in revenue of only 8% to $69.4 billion. It reported an operating loss of $1.6 billion. International e-commerce had revenue of $28.8 billion, a drop of 6%, and the unit had an […]

Chief Justice John Roberts said that he has asked the marshal of the Supreme Court to investigate the source of a leak of a draft opinion obtained by Politico that shows that justices are poised to overturn Roe v. Wade. The court confirmed the authenticity of the draft opinion, but said that “it does not represent a decision by the […]

The car industry in America is a mess. A shortage of the chips used in car electronics and navigation systems has shuttered assembly lines, hurt dealers, and undermined manufacturer earnings. Because of the shortage, some cars are flying off dealer lots, and the hottest-selling car in America is the Honda CR-V. Car prices, both new and used, are among the […]

Months after this summer’s brief but brutal fried chicken sandwich battle, rivals are diligently plotting to win the longer war. Popeyes, which sparked the latest fight with its spicy chicken sandwich in August, is scrambling to bring back the viral sensation “as soon as possible.” Chick-fil-A is steadily growing its reach, outselling chicken chains nearly twice its size. And McDonald’s […]

LIC’s $2.7-billion initial public offering (IPO) shall be the fifth-biggest globally in CY22. South Korean EV battery maker LG Energy Solution holds the record for the year’s largest IPO at $10.8 billion, while Chinese mobile communications provider China Mobile IPO, which raised $8.6 billion, comes second. Dubai Electricity and Water Authority’s (DEWA’s) $6.1-billion IPO in March is currently the third […]

Tata Consultancy Services, India’s largest software exporter, hired 100,000 freshers in the financial year 2021-22, more than in any other year. That means an average of 8,300 trainees joining the company every month. This is not merely a mathematical calculation: hiring of freshers at the top IT companies is no longer a compressed affair confined to the campus season. The […]

Donald Trump slams Merkel over dependency on Russia oil We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The energy firm revealed that “exceptional oil and gas trading” had […]

During the COVID-19 pandemic, many parents with children under the age of 18 left the workforce. With schools across the country shifting to remote learning, it made more financial sense for many parents to give up their job and stay home with their children rather than pay for child care – especially as child care costs skyrocketed during the pandemic.  […]

UPDATED, 12:02 PM: Vice President Kamala Harris’ office said today that she has tested negative for Covid, six days after a positive test. Today, the Vice President tested negative for COVID-19 on a rapid antigen test,” Harris’ Press Secretary Kristen Allen said in a statement. “The Vice President will return to work, in person, tomorrow. Following CDC guidelines, she will […]