Bed Bath & Beyond was once a retail powerhouse and go-to destination for Americans in the market for home furnishings. But the big-box chain now finds itself on the doorstep to bankruptcy, another in a long line of once dominant retailers that failed to change with the times. The company’s revenue …
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Federal regulators are taking aim at companies that make workers promise not to take jobs elsewhere as a condition of employment. The Federal Trade Commission on Wednesday announced settlements with three companies that made workers sign noncompete agreements, in which they promised not to work for competitors for a period …
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The chorus against Ticketmaster’s contentious concert pricing practices is growing, numbering among them Zach Bryan and friends. The country music artist dropped a live album, “All My Homies Hate Ticketmaster,” on Sunday. With it came a statement posted to social media in which he decried “a massive issue with fair ticket …
Read More »The CEO of Qatar’s World Cup is facing backlash for his response to news of a stadium worker’s death earlier this week. FIFA reported that a worker had died Wednesday, thougb officials didn’t reveal the person’s name or details about the incident. But according to The Athletic, the male migrant worker, …
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Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product (the economy’s total output of goods and services) followed two straight …
Read More »Twitter continued to bleed engineers and other workers, after new owner Elon Musk gave them an ultimatum: Either pledge to “hardcore” work or resign with severance pay by 5 p.m. Eastern on Thursday. Many have opted for the latter. Some took to Twitter to announce they were signing off after …
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Hollywood A-listers and activists are calling on Amazon and bookseller Barnes and Noble to pull an antisemitic film and book from their virtual and physical store shelves. Creative Community for Peace, the activist group leading the effort, on Thursday made public a letter to CEOs Jeff Bezos, James Daunt and other …
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Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the platform’s verification system just ahead of U.S. midterm elections. In an update to Apple iOS devices available in the U.S., …
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The Treasury has set a new interest rate for I-bonds, the normally staid investment vehicle that’s seeing a surge of popularity amid decades-high inflation. I-bonds issued over the next six months will yield an initial annualized return of 6.89%, the Treasury said Tuesday. The rate on I-bonds, or inflation bonds, …
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College football fans stormed the field of Tennessee’s Neyland Stadium and ripped down a goalpost this past weekend after the University of Tennessee beat the University of Alabama. Now the school’s athletics department is asking for donations to buy a replacement goal post. A private foundation at UT created a …
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