Wall Street has been hit by a brutal market sell-off this year. Spencer Platt/Getty Images US stocks rose at the open Tuesday and the Dow Jones Industrial Average jumped 600 points. Strong earnings from Goldman Sachs and Johnson & Johnson lifted markets. The latest rally in stocks follows big gains on Monday. US stocks climbed…
Monthly Archives: October 2022
Octavio Rita picks oranges from a tree in one of the Peace River Packing Company groves on February 01, 2022 in Fort Meade, Florida. A U.S. Department of Agriculture forecast announced that Florida is on pace to produce its smallest crop of oranges since 1944 -1945. One of the major causes of the low yield…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Where you live plays a significant role in the amount you’ll pay…
BI The European Union is considering shelling out 40 billion euros to help homes and businesses amid energy inflation. Those funds will come out of a 500 billion euro budget earmarked to help consumers and businesses during the energy crisis. The aid will particularly come into play this winter, when supply shortages are expected to…
Americans could spend an average of $931 on heating this winter. Elena Popova/Getty Images Americans will see their natural gas bills soar this winter, according to the EIA. US households are expected to pay an average of $931 on heating, up 28% from a year ago. The forecast comes on higher retail natural gas prices…
Rep. Lauren Boebert, R-Colo., speaks to reporters at the Capitol in Washington, Wednesday, June 8, 2022. J. Scott Applewhite/AP Rep. Lauren Boebert offered a “rational” amendment, but the House Rules Committee chairman blocked it. Rep. Jim McGovern said his committee’s “new rule” is that “if you’re batshit crazy, you’re not getting an amendment,” a new…
Foxconn founder Terry Gou introduced the EV by driving the MODEL B onto the stage at the event. SAM YEH / Contributor / Getty Images iPhone maker Foxconn has ambitious plans to make 5% of the world’s EVs by 2025. At its annual Tech Day on Tuesday, the Taiwanese tech giant unveiled its latest 3…
Amazon packages at a Baltimore facility. REUTERS/Clodagh Kilcoyne Attrition at Amazon costs the company $8 billion a year, according to Engadget. Workers were also twice as likely to leave by choice than to be fired or laid off, per the outlet. The outlet said it had been sent leaked documents that contained the attrition details….
An Iraqi T-55 main battle tank burns after an attack during Operation Desert Storm in February 1991. CORBIS/Corbis via Getty Images The military effort to support Ukraine shows how US and European defense priorities have been distorted. The war is a reminder that the US and Europe must fundamentally reassess how they prepare for war….
Justin Sullivan/Getty Images An auto parts manufacturer in Alabama has been ordered to stop hiring underage workers. The DOL said the company had illegally hired minors under the age of 16, and as young as 13. It was fined $30,000 by the DOL and $17,800 by the Alabama Department of Labor. A manufacturer of auto…