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Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday. The termination follows a lawsuit filed in Michigan by former employee Robert Garza against

Business
Bitcoin and other crypto assets sink in flight from risk

Bitcoin and other crypto assets sink in flight from risk

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts

Business
Bargain hunters drive Walmart sales and outlook higher

Bargain hunters drive Walmart sales and outlook higher

Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity

Business
Longtime Walmart CEO to step down in January

Longtime Walmart CEO to step down in January

Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner,

Business
More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company. The strike was intended to disrupt Starbucks’ Red Cup

Business
October monthly job cuts surged to a 22-year high

October monthly job cuts surged to a 22-year high

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for

Business
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Investing.com– U.S. President Donald Trump’s proposed trade tariffs against Colombia are now on hold after Bogota agreed to accept migrants deported from the U.S., the Associated Press reported on Sunday.  Trump had threatened to impose

Business
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

By Libby George LONDON (Reuters) – The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier markets that are relatively safe

Business
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January. The People’s Bank of China (PBOC) said the repo operations aimed to “keep banking

Business
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct by a celebrity TV