The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country’s gross domestic product fell at an annual rate of 0.5% from January through March, the Commerce Department reported Thursday in its third and …
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Ford CEO Jim Farley said that a rare earth minerals shortage is hurting production and caused the automaker to temporarily shut down one of its plants last month, according to an interview with Bloomberg TV. Rare earth minerals, which are a set of 17 metallic elements, are integral to automobile …
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BowFlex is recalling millions of units of its adjustable dumbbells because their weight plates can dislodge and cause injury to users. The recall comes after over 100 reports of injuries including concussions, abrasions, broken toes or contusions, according to the CPSC. The dumbbells are popular because of their versatility: They …
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Procter & Gamble said Thursday it will cut 7,000 jobs over the next two years, or about 15% of its non-manufacturing workforce. In a statement, the consumer products giant said it wants to boost productivity and cut costs as it competes in what the company describes as an “increasingly challenging environment.” …
Read More »Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling issued Thursday by U.S. District …
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The United Auto Workers union has reached a tentative contract agreement with Mack Trucks that covers about 4,000 workers in three states. Mack Trucks confirmed a tentative agreement on a five-year contract early Monday after the UAW announced the deal just before midnight Sunday. “The terms of this tentative agreement …
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Twitter launched its new logo on Monday, replacing the blue bird with a white X on a black background as the Elon Musk-owned company moves toward rebranding as X. The social media network’s website showed the company’s new logo, but its URL was still showing as twitter.com and the blue …
Read More »A Los Angeles restaurant has come under fire after a prominent podcaster took issue with an unfamiliar surcharge on his guest check: an extra 4% fee automatically added to the bill to help fund the workers’ health insurance. While Alimento, the restaurant in the the Silver Lake neighborhood in Los …
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As Overstock.com rechristens itself as Bed Bath & Beyond in a bid to strengthen sales, executives at the company want to distance the new brand from its namesake’s failures, CEO Jonathan Johnson said in an interview with CBS MoneyWatch. After purchasing Bed Bath & Beyond’s domain and other assets at a bankruptcy …
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New York City schools, corporations and local sports groups canceled outdoor activities Wednesday to limit residents’ exposure to smoky air caused by hundreds of wildfires in Canada. Google told workers at offices across the U.S. and Canada to work from home instead of reporting to the company’s headquarters, a spokesperson …
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