Business

January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals a 0.4 percent drop in the rate, according to the Labor Department. Friday’s release of data reveals that the economy appears to once again be heading toward recovery after jobs declined in […]

Former White House Press Secretary Anthony Scaramucci claimed on social media that the coordinated effort to inflate the price of GameStop stocks is the start of the “French Revolution” in the business world. As was previously covered by The Inquisitr, Wall Street was stunned on Wednesday after a large number of members from Reddit group […]

During an appearance on CNBC Thursday, New York Hedge fund billionaire Leon Cooperman touched on his feelings about GameStop’s recent meteoric stock market rise. As reported by BuzzFeed News, the surge was driven by Reddit users and led to the defeat of two hedge funds — Citron Research and Melvin Capital. “This ‘fair share’ is […]

Donald Trump’s business empire is reportedly taking a major hit since his transition out of the White House, with one real estate expert saying the family name is “radioactive” and his properties are shedding value. Business Insider reported there has been considerable negative attention around the now-former president’s name after his four tumultuous years in […]

The stock-trading platform Robinhood and other Wall Street brokers are coming under fire after blocking users from buying GameStop and other stocks that have become a target for the Reddit community r/WallStreetBets — even uniting two figures from far ends of the political spectrum and a rapper in opposition to the move. Users on the […]

Video game retailer GameStop continued its meteoric and unexpected stock surge on Wednesday morning, with the price of shares surging another 130 percent in pre-market trading, as reported by Reuters. The jump is part of a two-week trend fueled by amateur investors and has seen the company’s stock rise by 700 percent. GameStop, and BlackBerry […]

President-elect Joe Biden’s director of the National Economic Council has warned that the U.S. economy is “spiraling downward” after facing record unemployment numbers and businesses that have been damaged if not completely destroyed due to the novel coronavirus pandemic. According to Bloomberg, top economic adviser Brian Deese stated on Sunday morning that decisive action will […]

JPMorgan Chase CEO Jamie Dimon has expressed his fears about the future of both traditional banks and the country at large following the growth of Big Tech into the financial industry. The companies referenced by Dimon include well-known behemoths such as Amazon, Apple, and Google in addition to more business-focused apps such as Square, Stripe, […]

Billionaire investor Leon Cooperman, who serves as the chairman and CEO of Omega Advisors, has warned that he is pessimistic about the long-term future of the stock market due to “too much debt” in the United States’ business and financial systems. According to CNBC, Cooperman specifically pointed to the combination of the U.S.’s increasing national […]

Tesla has launched its own brand of tequila after CEO Elon Musk first proposed the idea two years ago on his Twitter account. According to CNN Business, the company’s liquor brand launched on Thursday, November 5 and the product sold out quickly online following high demand. The drink was only available in certain U.S. states […]

U.S. stocks have rallied recently despite the ongoing uncertainty over whether Donald Trump or Joe Biden will win the 2020 presidential election. According to CNN Business, Wall Street was facing a difficult period earlier in the week as the unpredictability of counting votes in key battlegrounds could have taken days or weeks, which subsequently affected […]

Amazon CEO Jeff Bezos has sold nearly 2 percent of his share in the company after it increased 75 percent in value in 2020. According to Forbes, after taxes, Bezos is estimated to make $2.3 billion after selling the stock on Monday, November 2 and Tuesday, November 3. Market Watch reported that recent filings with […]

Mad Money host Jim Cramer has claimed that he already feels as if the upcoming 2020 U.S. presidential election will mark “one of the most confusing weeks” of his career. The confusion extends beyond politics. As was covered by CNBC, Cramer explained that markets do not like uncertainty, and a fiercely partisan election would likely […]

Fox Business correspondent Charles Gasparino reported on Tuesday that the founder and CEO of Amazon, Jeff Bezos, is looking to buy CNN, per Mediaite. According to Gasparino, it is being speculated on Wall Street that the billionaire business magnate, who also owns The Washington Post, has expressed interest in buying the network. Gasparino said that […]

A Montana coffee shop owner will be a featured speaker at the Republican National Convention (RNC) on Monday night. So who is Tanya Weinreis, and what is her connection to the Republican Party? Her Business Was The First In Montana To Receive A Paycheck Protection Program (PPP) Loan Back in the early days of the […]

President Donald Trump called for a boycott of Goodyear tires on Wednesday, after a viral video purportedly showed that the company is banning pro-Trump speech while allowing speech in support of liberal issues, Yahoo Finance reported. However, the company insists that the call for a boycott is based on a misunderstanding. On Tuesday, WIBW-TV reported […]

UPS and FedEx both warned Americans this week that the two delivery services absolutely cannot deliver mail-in votes, in case any were worried whether the United States Postal Service would be able to get their ballots in on time. As Reuters reported, the USPS has warned that it may not be equipped to handle the […]

Amazon has always been headquartered in or around the northwestern city of Seattle, but rumor has it the online shopping behemoth might soon abandon its hometown. According to My Northwest, Amazon is putting out “feelers” to begin expanding the company outside of Seattle, with the ultimate goal of leaving the Emerald City altogether. The rumors […]

A major ice crime manufacturer is calling on trucks that deliver the product to ditch the song “Turkey in the Straw” and instead use a new jingle that a rapper came up with, because the original has racist connotations, CNN reported. It’s a bit of classic nostalgia for millions of Americans: the distant sound of […]

Billionaire Wall Street analyst Chamath Palihapitiya has claimed that Tesla might soon be worth over a trillion dollars, making it one of just six companies ever to read the incredible benchmark, according to CNBC. The claim comes as shares in the company, founded by Elon Musk, have reached new heights, trouncing previous expectations from the […]

California- based and well-known retailer Trader Joe’s responded to calls for changes to its packaging that some have claimed is racist by saying the company is already in the process of doing just that. Dianne de Guzman of SFGate reported the grocery store chain issued a statement after a petition began circulating, with the company […]

To commemorate Juneteenth on Friday, Vermont-based ice cream company Ben & Jerry’s posted an article on its website declaring its support for defunding the police, becoming the first major American business to do so. Like many other businesses, Ben & Jerry’s has been vocal about its support for the Black Lives Matter movement. However, it […]

The manufacturer of Cream of Wheat is considering changing its packaging — which includes an image of a smiling African American man in a chef’s hat — in light of decisions by other manufacturers with similar imagery on their brands. As The Cleveland Plain Dealer reported, B&G Foods, which purchased the brand from Nabisco in […]

The manufacturer of the Uncle Ben’s line of rice and similar grain-based foodstuffs is “re-evaluating” the name and mascot of its products, Reuters reported. The move follows news that the manufacturer of Aunt Jemima has decided to retire the name and image associated with its own products. Mars, Inc., which manufacturers the candy bar that […]

The manufacturer of Aunt Jemima pancake mix and pancake syrup will change the name of its product as well as the brand mascot image, NBC News reported. In an announcement on Wednesday, Quaker Oats, which is a subsidiary of PepsiCo, said that the brand’s name and mascot are “based on a racist stereotype.” “As we […]

Several former eBay employees have been accused of cyberstalking and harassing a couple for criticizing the online retailer via their news website, CNN reported on Monday. The employees allegedly sent the Massachusetts couple live bugs such as cockroaches, spiders, and fly larvae. They also supposedly mailed them a bloody pig mask. Court documents further alleged […]

Amazon CEO Jeff Bezos, who has been hailed as the wealthiest man on the planet, has agreed to appear before a House committee sometime this summer to answer questions regarding an antitrust investigation. Bezos’ appearance would mark the first time that the billionaire has appeared before Congress. According to The New York Times, it is […]

A popular restaurant located in Santa Barbara, California has made the decision to change its name in an effort to show sensitivity to others amid protests regarding racial injustice. The restaurant is the very last standing among a former chain of restaurants called Sambo’s. Because the term “sambo” has been used as a derogatory term […]

A man who hung Kentucky Governor Andy Beshear in a Memorial Day Weekend protest at the state’s capitol has been fired from his job, The Louisville Courier-Journal reports. As reported at the time in a companion Louisville Courier-Journal report, on Monday, Memorial Day, about 100 people gathered outside of the Bluegrass State’s Governor’s Mansion for […]

On Tuesday morning, New York Governor Andrew Cuomo rang the bell to reopen the New York Stock Exchange (NYSE), which has been closed for two months as a result of the coronavirus pandemic, the Associated Press reported. People on the trading floor allegedly cheered as the governor kicked off the first day of in-person trading […]

A lawsuit against President Donald Trump and his family members will move forward after a decision made by a federal judge on Monday. District Judge Lorna G. Schofield ruled that a class-action suit brought by four anonymous plaintiffs will not be delayed and their accusations against Trump and his children — Donald Trump Jr., Eric […]

Facebook announced on Friday their purchase of Giphy for approximately $400 million, Bloomberg reported. The social media company already offered users access to Giphy’s library, an extensive collection of GIFs and other images used for messaging, but this purchase means they’ll have complete ownership of the brand. This acquisition reportedly came in the wake of […]

Amazon founder Jeff Bezos is already the richest man on earth. Now, a new analysis has shown he will soon become the first trillionaire in global history. Research from the payroll service company Comparisun showed that Bezos is on pace to cross that mark within the decade. The report noted that there are already three […]

The once popular vaping company Juul has been struggling from low sales and tight legal regulations within the past year. As a result, it is expected that these products will be off the shelves entirely in five European companies by the end of the year. These countries include Austria, Belgium, Portugal, France, and Spain, according […]

Uber, the popular ride-share service, will donate 50,000 free rides and food to domestic abuse victims across the globe. According to USA Today, the company plans to assist women who are experiencing domestic violence while mandatory stay-at-home orders are in place. “The ride-hailing giant announced plans on Thursday to donate 50,000 free rides to domestic […]

The owner of a Kansas Baskin-Robbins ice cream shop says that her business doubled after she put the words “No Relation To Carole Baskin” on the marquee of her business, TMZ reports. Peggy Heldstab owns the Junction City, Kansas, location of the worldwide ice cream chain, which has over 2,500 stores across the United States. […]

Land O’Lakes has officially erased the American Indian “butter maiden” logo from its products after almost a century of use, reported People Magazine. The company initially announced that it would remove the logo in February, and this month the products with the new look begun arriving in stores. The American Indian woman featured prominently on […]

The former employee of an Indiana Olive Garden restaurant — one who was singled out because of her race by a customer who asked for a different server — plans to sue her former employer, USA Today reports. As previously reported by The Inquisitr, on February 29, 16-year-old Amira Donahue, who is black, was working […]

A Texas man who was caught on video licking a tub of ice cream and then putting it back on store shelves has been sentenced to 30 days in jail and will have to pay restitution, CNN reports. For a few weeks in the summer of 2019, one of many social media “challenges” going around […]

A 95-year-old man from Fisherville, Virginia, named Orin Gilbert Jr. has been paid with nothing but coffee and bananas while working at 7-Eleven for the past 30 years, reports USA Today. Over the past few decades, Gilbert has arrived almost every day to the 7-Eleven in Fisherville to help out the employees. According to the […]

An Olive Garden in Evansville, Indiana, fired one of their managers after discovering that they honored an allegedly racist request from a customer, reports Today. According to the article, a white couple allegedly requested a nonblack server, and the manager agreed to their demand. It is not clear what became of the original server who […]

Oregon woman Ashreana Scott is suing Chuck E. Cheese for damages after her hair got caught in a ticketing machine for 20 minutes, reports People Magazine. Scott claims that in December 2019, she was feeding paper tickets into the machine at the Southeast Portland Chuck E. Cheese when it started eating her hair. She asserted […]

Starbucks is preparing for the spring season early with the debut of its new spring menu featuring two new drinks and new breakfast wraps, reports People Magazine. According to a press release from the coffee chain, their spring beverages include a Pineapple Matcha and a Golden Ginger drink. Both are fit for dairy-free people since […]

Shoppers at Costco stores across the country overwhelmed the warehouse business, stripped its shelves bare of tissues and other supplies, and even fought with each other over goods, as some panicked Americans tried to prepare for the spread of coronavirus. Even as customers were swinging fists at each other over bags of rice, Americans were, […]

Joseph Coulombe, the man who founded the popular and inexpensive grocery chain Trader Joe’s, died on Friday at the age of 89 in Pasadena, California. In a statement to The Associated Press, Joseph’s son, also named Joseph, said that his father had died after a long illness. “Joe was an extraordinarily smart and accomplished entrepreneur […]

The largest generic opioid manufacturer in the United States, which sold more opioids than any other drug company during the height of the addiction crisis, has agreed to pay $1.6 billion to settle lawsuits brought by state and local governments over its stake in the national opioid crisis. Federal data shows Mallinckrodt, the highest-volume producer […]

Fast food giant McDonald’s unveiled a Quarter Pounder Scented Candle Pack on Tuesday, giving its loyal customers the chance to enjoy one of its most popular menu items in between meals. “For nearly 50 years the Quarter Pounder burger has been a craveable and delicious fan favorite. We know love is always in the air […]

It’s not St. Patrick’s Day 2020 yet, but McDonald’s has officially brought back its famous Shamrock Shake today, February 19, in celebration of the dessert’s 50th anniversary, reports Yahoo Lifestyle. Not only can you buy the classic Shamrock Shake and relish in its delicious vanilla soft serve and mint flavoring, but the fast-food chain has […]

John Schnatter, the founder and ousted CEO of Papa John’s Pizza, claims that he was misunderstood when he suggested months ago that he had eaten 40 pizzas in 30 days, NBC News reports. Specifically, Schnatter says that he used the verb “had,” which is not the same as “ate.” Back in November of 2019, as […]

A New York City deli owner is giving back to his community in a way that involves the intersection of kindness, social media, and math, CNN reports, by letting customers take home for free whatever they can grab in five seconds. In order to receive the items, however, customers must consent to having their shopping […]