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  • Big Retail’s cautious forecasts are spooking Wall Street

    Big Retail’s cautious forecasts are spooking Wall Street

     

    Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday. The mega retailers’ predictions of a weakening economy and a dip in consumer spending this year sent markets tumbling as Wall Street seemed to realize that the Federal Reserve’s campaign to quell inflation could yet lead to recession.

    ​Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday. The mega retailers’ predictions of a weakening economy and a dip in consumer spending this year sent markets tumbling as Wall Street seemed to realize that the Federal Reserve’s campaign to quell inflation could yet lead to recession. 

  • Home Depot to spend $1 billion more on hourly workers

    Home Depot to spend $1 billion more on hourly workers

     

    Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year, another sign of a tighter labor market and rising wages across the US economy.

    ​Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year, another sign of a tighter labor market and rising wages across the US economy. 

  • Starbucks’ new drinks have a spoonful of olive oil in every cup

    Starbucks’ new drinks have a spoonful of olive oil in every cup

     

    Starbucks wants you to give olive oil coffee a shot. Really.

    ​Starbucks wants you to give olive oil coffee a shot. Really. 

  • A first generation iPhone fetches $63,000 at auction

    A first generation iPhone fetches $63,000 at auction

     

    A first-generation 2007 iPhone sold for more than $63,000 in an online auction Sunday, more than 100 times its original cost. Dubbed a “first-edition” device by auctioneer LCG Auctions, the box had never been opened.

    ​A first-generation 2007 iPhone sold for more than $63,000 in an online auction Sunday, more than 100 times its original cost. Dubbed a “first-edition” device by auctioneer LCG Auctions, the box had never been opened. 

  • Trump leadership PAC spent more than $16 million on legal services in 2022

    Trump leadership PAC spent more than $16 million on legal services in 2022

     

    Donald Trump’s leadership PAC spent more than $16 million on legal services in 2022, according to a tally of the Save America PAC distributions through the end of December. The number represents a massive set of bills from lawyers at a time when the former president faces multiple criminal inquiries, lawsuits and other challenges.

    ​Donald Trump’s leadership PAC spent more than $16 million on legal services in 2022, according to a tally of the Save America PAC distributions through the end of December. The number represents a massive set of bills from lawyers at a time when the former president faces multiple criminal inquiries, lawsuits and other challenges. 

  • Norfolk Southern CEO defends railroad’s response to Ohio derailment

     

    Norfolk Southern CEO Alan Shaw defended his company’s actions since the disaster caused by the derailment of one of its trains in East Palestine, Ohio, and promised the railroad will pay for the cleanup.

    ​Norfolk Southern CEO Alan Shaw defended his company’s actions since the disaster caused by the derailment of one of its trains in East Palestine, Ohio, and promised the railroad will pay for the cleanup. 

  • 2 dead in semi-truck fire and explosion near Miami

     

    Two people are dead and three injured after semi-trucks and other vehicles exploded and burned in Medley, Florida, Tuesday morning, police said.

    ​Two people are dead and three injured after semi-trucks and other vehicles exploded and burned in Medley, Florida, Tuesday morning, police said. 

  • Former Mexican official convicted of taking bribes from drug cartel

     

    Genaro Garcia Luna, Mexico’s former public security secretary, was found guilty in a New York court on Tuesday of taking bribes from the Sinaloa drug cartel, the US Attorney’s Office said.

    ​Genaro Garcia Luna, Mexico’s former public security secretary, was found guilty in a New York court on Tuesday of taking bribes from the Sinaloa drug cartel, the US Attorney’s Office said. 

  • GOP lawmakers demand answers over unauthorized disclosure of military service records

    GOP lawmakers demand answers over unauthorized disclosure of military service records

     

    House Republicans are demanding answers after the US Air Force admitted to an unauthorized release of 11 individuals’ military service records, including those of two members of Congress, following an internal audit.

    ​House Republicans are demanding answers after the US Air Force admitted to an unauthorized release of 11 individuals’ military service records, including those of two members of Congress, following an internal audit. 

  • Rep. George Santos names new campaign treasurer after FEC warning

    Rep. George Santos names new campaign treasurer after FEC warning

     

    Embattled Rep. George Santos has named a new treasurer for his campaign and affiliated fundraising committees — days after the Federal Election Commission warned the New York freshman that he could not raise or spend money without one.

    ​Embattled Rep. George Santos has named a new treasurer for his campaign and affiliated fundraising committees — days after the Federal Election Commission warned the New York freshman that he could not raise or spend money without one.