Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr. will likely link autism to the use of the company’s pain medication Tylenol in pregnant women.…
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Business
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The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It’s the lowest rate since Oct.…
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Business
Paramount mandates 5-day-a-week return to office ahead of major cost cuts
by adminby adminDavid Ellison continues to put his stamp on Paramount after its acquisition by Skydance. The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week…
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Business
Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube
by adminby adminThe Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube. The FTC claimed the company allowed data to be…
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Alphabet’s Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors’ bid to make the internet giant sell off its popular Chrome…
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Business
Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
by adminby adminSpirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection in March. The Dania Beach, Florida-based airline…
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Business
Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe
by adminby adminThe de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For…
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Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.
by adminby adminThe Trump administration’s latest allegations of mortgage fraud have raised questions about a long-standing housing issue known as owner-occupancy mortgage fraud. But that type of fraud can be difficult to prove, experts say. President Donald…
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Business
Google has eliminated 35% of managers overseeing small teams in past year, exec says
by adminby adminGoogle has eliminated more than one-third of its managers overseeing small teams, an executive told employees last week, as the company continues its focus on efficiencies across the organization. “Right now, we have 35% fewer…
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Business
Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes
by adminby adminFrontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without…