Business

The International Monetary Fund on Tuesday warned that avoiding recession in the United States will be “increasingly challenging” as it again cut its 2022 U.S. growth forecast to 2.3% from …

IMF again cuts U.S. 2022 growth forecast to 2.3% as consumer spending cools Read More

Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities market ahead of inflation data. While all three major U.S. stock …

Wall Street tumbles at close as worries mount ahead of CPI report Read More

Wells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic mortgage-backed securities that were …

Wells Fargo mostly defeats two lawsuits over mortgage losses Read More

Target Corp (TGT.N) has begun carrying Bobbie brand infant formula in some stores this week and the vast majority of its locations will be selling the product by September, as …

Target to add Bobbie brand infant formula to stores as shortage persists Read More

Victoria’s Secret & Co (VSCO.N) said on Tuesday it had cut about 160 management roles, or 5% of its home office staff, and hired a former Amazon executive as part …

Victoria’s Secret cuts 160 management roles in reorganization Read More

Amazon worker Gerald Bryson had hand-counted thousands of items in his warehouse’s inventory over three days when his manager showed him a “Supportive Feedback Document.” Bryson had made 22 errors, …

Amazon issued 13,000 disciplinary notices at single U.S. warehouse Read More

Electric truck maker Rivian Automotive (RIVN.O) will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe …

Rivian to address layoffs at Friday meeting, Tesla to cut 229 jobs Read More