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Category: Economy

The SEC issues a 9 million whistleblower award
Economy

The SEC issues a $279 million whistleblower award

Pamela LoweMay 6, 2023

The US Securities and Exchange Commission (SEC) has issued its largest ever award to a whistleblower with a total value…

The end of an era – all year round – as Christmas Tree Stores heads toward filing for bankruptcy
Economy

The end of an era – all year round – as Christmas Tree Stores heads toward filing for bankruptcy

Pamela LoweMay 5, 2023

Regardless, the news upset longtime shoppers who wistfully remember buying Fourth of July marshmallow roasting sticks and Christmas decorations here.…

Warner Bros Discovery (WBD) Q1 2013 Earnings Report
Economy

Warner Bros Discovery (WBD) Q1 2013 Earnings Report

Pamela LoweMay 5, 2023

Warner Bros. Discovery reported quarterly revenue in line with estimates. The company posted a big loss, even though its streaming…

Here’s how a tough new EPA rule could affect electric vehicle sales in the US
Economy

Here’s how a tough new EPA rule could affect electric vehicle sales in the US

Pamela LoweMay 5, 2023

The Environmental Protection Agency (EPA) announced a tough new vehicle pollution rule in April that will ensure that electric vehicles…

A swarm of bees on the wing of a Delta plane delays the flight for hours
Economy

A swarm of bees on the wing of a Delta plane delays the flight for hours

Pamela LoweMay 4, 2023

News by Yaron Steinbuch May 4, 2023 | 1:26 p.m It was a stinging process. Passengers on a Delta plane…

Anheuser-Busch earnings are available.  Analysts are interested in the conference call.
Economy

Anheuser-Busch earnings are available. Analysts are interested in the conference call.

Pamela LoweMay 4, 2023

Anheuser-Busch InBev beat earnings and first-quarter revenue estimates as demand for beer remained resilient despite higher prices. But the Bud…

Westfield Mall blamed SF Nordstrom’s closure on ‘rampant’ crime
Economy

Westfield Mall blamed SF Nordstrom’s closure on ‘rampant’ crime

Pamela LoweMay 4, 2023

Nordstrom said downtown has “changed dramatically over the past several years, affecting customer traffic to our stores and our ability…

Mortgage demand drops as bank failures reach huge loan rates
Economy

Mortgage demand drops as bank failures reach huge loan rates

Pamela LoweMay 3, 2023

The average contract interest rate for 30-year fixed-rate mortgages with matching loan balances ($726,200 or less) fell to 6.50% from…

Michael Milken says the latest crisis is the same mistake banks made decades ago
Economy

Michael Milken says the latest crisis is the same mistake banks made decades ago

Pamela LoweMay 3, 2023

Michael Milken, President of the Milken Institute, speaks during the Milken Institute’s Global Conference in Beverly Hills, Calif., on May…

Markets are sinking amid worries about banks and a downward spiral of the economic outlook
Economy

Markets are sinking amid worries about banks and a downward spiral of the economic outlook

Pamela LoweMay 2, 2023

Stocks fell on Tuesday, as concerns about the health of the financial sector after the collapse of the First Republic…

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