Business

2024-12-04

South Korean president reverses martial law declaration after immediate opposition from parliament

No Comments
Business

In this handout image provided by South Korean Presidential Office, South Korean President Yoon Suk-Yeol speaks during the declaration of emergency martial law at the Presidential Office on December 03, 2024 in Seoul, South Korea.  South Korean Presidential Office | Getty Images South Korean President Yoon Suk Yeol backed down early Wednesday after tossing his country into turmoil by suddenly…

Read More

2024-11-21

Target (TGT) Q3 2024 earnings

No Comments
Business

People are seen at the parking lot of a Target store in Selinsgrove.  Paul Weaver | Lightrocket | Getty Images Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic, despite the discounter’s price cuts on thousands of items and its early holiday sale.  The big-box retailer reversed course…

Read More

2024-11-21

Visa & Mastercard execs grilled by senators on high swipe fees

No Comments
Business

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal members happen to agree…

Read More

2024-11-20

CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices

No Comments
Business

CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency’s case against drug supply chain middlemen over high insulin prices in the U.S. is unconstitutional.  The complaint, filed in the U.S….

Read More

2024-11-20

Stellantis delays Ram electric pickup truck until 2025

No Comments
Business

Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada.  Ethan Miller | Getty Images DETROIT — Stellantis is delaying the launch of its Ram all-electric pickup truck from this year until the…

Read More