TikTok CEO set for grilling in House hearing. But U.S. lawmakers also face questions 23. March 2023 Finance, Technology (0) While TikTok's CEO will be in the hot seat, lawmakers will also face difficult questions about how best to deal with potential harms from tech firms.
Block shares plunge 19% after short-seller Hindenburg says Jack Dorsey’s company facilitates fraud 23. March 2023 Finance, Technology (0) Block shares plunged after noted short-seller Hindenburg Research said the company's flagship Cash App facilitates crime and lacks strong compliance controls.
Why hasn't U.S. poverty improved in 50 years? Pulitzer-prize winning author Matthew Desmond has an answer 23. March 2023 Finance (0) In his new book, "Poverty, by America," Matthew Desmond says that poverty persists in the U.S. because many Americans and large companies profit from it.
'There was nothing wrong with the bank': Why some Silicon Valley CEOs don't blame SVB for its crash 23. March 2023 Finance (0) Many observers blame Silicon Valley Bank for its collapse earlier this month. Some startup CEOs who used the bank — and suffered during its crash — disagree.
Bank of England hikes interest rates by 25 basis points after inflation surprises 23. March 2023 Finance (0) The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more 23. March 2023 Finance (0) These are the stocks posting the largest moves in premarket trading.
Starbucks CEO says he'll work a shift at the company's cafes once a month 23. March 2023 Finance (0) New Starbucks CEO Laxman Narasimhan plans to work a shift once a month at the company's cafes.
Zurich to legalize consumption and sale of cannabis on trial basis 23. March 2023 Finance (0) Switzerland has approved plans to legalize the sale and consumption of cannabis in Zurich in a trial designed to assess the economic and social benefits of regulating the drug.
Starbucks shareholders to vote on proposals for labor probe, succession planning 23. March 2023 Finance (0) New Starbucks CEO Laxman Narasimhan will lead the company's shareholder meeting just days after his transition to the role.
Olive Garden parent raises revenue outlook as same-store sales jump 23. March 2023 Finance (0) Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.