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Asian shares rise on optimism about US, China economies

Asian shares rise on optimism about US, China economies

Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China.

8 hrs 34 mins ago
Amazon: FTC probe hounding Bezos, execs; subpoenas too broad

Amazon: FTC probe hounding Bezos, execs; subpoenas too broad

Amazon has complained to federal regulators that they're hounding company founder Jeff Bezos and senior executives.

13 hrs 15 mins ago
Hot dogs vs deli meat; rising costs shape choices at Walmart

Hot dogs vs deli meat; rising costs shape choices at Walmart

Walmart reported better-than-expected second quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

14 hrs 5 mins ago
How Inflation Reduction Act Impacts Inflation

How Inflation Reduction Act Impacts Inflation

Now that the Inflation Reduction Act has been signed into law, many Americans want to know what it means to them. NEWSnet's Business Reporter Andy Hirschfeld has more details.

14 hrs 18 mins ago by Andy Hirschfeld
Biden signs massive climate and health care legislation

Biden signs massive climate and health care legislation

President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill.

15 hrs 40 mins ago
American Airlines places deposit on 20 supersonic planes

American Airlines places deposit on 20 supersonic planes

American Airlines says it has agreed to buy up to 20 supersonic jets that are still on the drawing board and years away from flying.

16 hrs 39 mins ago
Kraft Heinz recalling contaminated Capri Sun juice pouches

Kraft Heinz recalling contaminated Capri Sun juice pouches

Kraft Heinz is recalling thousands of pouches of Capri Sun after some cleaning solution accidentally mixed with the juice on a production line.

16 hrs 54 mins ago
Buffett's firm buys more Apple shares while betting on oil

Buffett's firm buys more Apple shares while betting on oil

Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter.

21 hrs 50 mins ago
Walmart deal with Paramount gives members streaming perks

Walmart deal with Paramount gives members streaming perks

Walmart says it has signed a deal with Paramount Global to offer the entertainment company’s streaming service as a perk to subscribers of the retailer's shipping subscription service.

August 15th, 6:05 PM EDT
Home Depot posts record profit, revenue; sticks to outlook

Home Depot posts record profit, revenue; sticks to outlook

Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects.

August 16th, 7:53 AM EDT
Asian shares mostly higher, echoing Wall Street rebound

Asian shares mostly higher, echoing Wall Street rebound

Shares are mixed in Asia after China cut a key interest rate and Japan reported its economy expanded at a faster pace in the last quarter.

August 15th, 11:15 PM EDT
Home Builder Confidence Falls

Home Builder Confidence Falls

Those in the business of building homes aren't feeling too motivated these days.
NEWSnet's Business Reporter Andy Hirschfeld explains why

August 15th, 6:52 PM EDT by Andy Hirschfeld
Starbucks asks labor board to halt union votes temporarily

Starbucks asks labor board to halt union votes temporarily

Starbucks is asking the National Labor Relations Board to suspend all union elections at its U.S. stores in response to allegations of improper coordination between regional NLRB officials and the union.

August 15th, 3:09 PM EDT
Japan economy grows 2.2% in 2Q on revived consumer spending

Japan economy grows 2.2% in 2Q on revived consumer spending

Japan’s economy grew at an annual rate of 2.2% for the April-June quarter from the previous quarter, as consumer spending rebounded with COVID-19 restrictions getting gradually lifted.

August 15th, 9:45 AM EDT
China cuts interest rate to shore up sagging economy

China cuts interest rate to shore up sagging economy

China’s central bank has trimmed a key interest rate to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is believed to be trying to extend his hold on power.

August 15th, 9:38 AM EDT

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