Big box retail chain Macy’s Inc (M) has decided to cut down its operating hours in the wake of the new wave of coronavirus that is currently sweeping the United States off its feet. According to the website of the company, the outlets will stay open from 11 AM to 8 PM instead of 10 […]

The December-quarter earnings season goes into second gear Friday morning. Four of the country’s biggest banks are reporting results, and expectations overall are for results to be outstanding. Even better, higher interest rates could lead to even stronger results for the rest of this year. So far this week, we have seen only a handful […]

New York (CNN Business)Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics reported Wednesday. […]

Los Angeles Mayor Eric Garcetti’s nomination as U.S. Ambassador to India cleared the Senate Foreign Relations Committee on Wednesday. Garcetti was among a series of ambassadors and other foreign affairs nominees approved en bloc, meaning the committee approved them in full. Although individual senators raised public objections to some of the nominees, none did to […]

Current plans not fit for purpose amid squeeze on families, says Institute for Fiscal Studies Last modified on Wed 12 Jan 2022 08.14 EST Benefits must be increased by twice as much as planned this year if the poorest households in Britain are to be supported through the cost of living crisis, a leading economics […]

New York (CNNBusiness)Grocery store shelves across America are wiped clean, and they’re staying empty as stores struggle to quickly restock everyday necessities such as milk, bread, meat, canned soups and cleaning products. Disgruntled shoppers have unleashed their frustration on social media over the last several days, posting photos on Twitter of bare shelves at Trader […]

UPDATE, JAN 11, 3:29 PM: Less than a week after his departure from UTA was made public, Seth Oster’s new landing spot has been revealed. Exiting the agency at the end of the month, the partner and Global Chief Communications Officer will be taking up the newly created post of chief corporate affairs officer at […]

Breaking into the Chinese market has been of huge success for EV major Tesla Inc. (TSLA) and data published by the China Passenger Car Association (CPCA) on Tuesday has only cemented the claims. According to the agency, Tesla has sold 70,847 vehicles just in December, a record number since Tesla started its production in Shanghai […]

EXCLUSIVE: With the Omicron variant continuing to surge across Los Angeles causing many of the major agencies keep their offices closed, sources tell Deadline that WME is planning a transitional return on January 31 with hopes of a full return  February 15. Insiders add that boosters will be required in order for WME employees to […]

The feud between android and Apple Inc (AAPL) about the “blue bubble” has apparently subsided as Hiroshi Lockheimer has now taken a milder route to ask Apple to join hands. On Monday, Lockheimer tweeted, “we’re not asking Apple to make iMessage available on Android. We’re asking Apple to support the industry standard for modern messaging […]