PORTLAND, Ore. — The federal government postponed an auction of floating offshore wind leases off the Oregon coast on Friday after developers said they wouldn’t bid and the state’s governor asked that all leasing activities stop. The Bureau of Ocean Energy Management did not set a new date for the sale. It said the decision … Read more
Former President Donald Trump added his name to a new product – and the item won’t come cheap. The Republican presidential nominee licensed his brand to a company called TheBestWatchesonEarth LLC, which will peddle $100,000 gold- and diamond-encrusted watches emblazoned with Trump’s name, he announced Thursday. The eye-popping price will be for a watch called … Read more
Small business owners are collectively breathing a sigh of relief at the Federal Reserve’s widely-anticipated decision to cut interest rates last week, and new data show owners expect to put that increased capital to work. CNBC and SurveyMonkey’s Small Business Survey for Q3 found that owners said lower interest rates will lead them to increase … Read more
Costco Wholesale shoppers have turned to the retailer’s deals – like its $1.50 hot dogs and $4.99 roasted chickens – as the big-box chain announced a slowdown in revenue growth after hiking membership fees. The company — which raised membership fees this year for the first time since 2017 — missed market expectations for fourth-quarter … Read more
This store will be a target for abuse no more. Target recently revised its lenient return policy to address ongoing abuse by customers — a decision made as many retailers face issues regarding return fraud. The updated policy now asserts Target’s “right to deny returns, refunds and exchanges” to prevent scams and discourage fraudulent behavior, … Read more
The Dow jumped more than 400 points Friday to an all-time high after a benign inflation report cleared the way for the Federal Reserve to focus on shoring up the labor market while continuing its interest rate easing. In recent trading, the Dow Jones Industrial Average was up 442 points, or 1%, at 42,617. The blue-chip index … Read more
DirecTV and Dish are in advanced talks to merge in a deal that could create the largest US pay-TV provider, with more than 20 million subscribers, according to multiple reports. The agreement could be announced as early as Monday, The Wall Street Journal reported Thursday evening. It would also include Sling TV, Dish’s streaming television … Read more
GETTY IMAGES The company’s executive chairman is optimistic that a new owner or owners will be found for the yards Harland and Wolff, the Belfast-based shipbuilder which built the Titanic, has formally entered administration for the second time in five years. Last week the company’s board had warned that the move was inevitable. The administration … Read more
X is blocking links to an independent journalist’s newsletter which published an alleged dossier used to vet JD Vance that is believed to be part of the Iranian government’s hack on the Trump campaign. The social media platform formerly known as Twitter – now owned by billionaire Elon Musk – also suspended Ken Klippenstein, the … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight … Read more