Macy's has discovered a massive expense fraud, pushing back its Q3 earnings. An investigation found that a single employee intentionally made erroneous accounting entries to hide $132 million to $154 million of expenses from 2021 to November 2. The employee is...
New trucks from major manufacturers such as Ford, Dodge, Chevy, Nissan, and Toyota are not recommended due to their high price tags and significant depreciation within the first five years of ownership. Additionally, various models including Jeep Renegade, Fiat 500, Ford...
China's renewable energy plans are leading the way in sustainable power generation. With a focus on offshore wind turbines, China aims to replace fossil fuels and reduce carbon emissions. This shift towards cleaner energy is expected to peak coal consumption by...
The recent collapse of Silicon Valley Bank and Signature Bank has led to a crisis of confidence in the regional banking sector. Despite strong bank earnings from JPMorgan Chase, Citigroup, Wells Fargo, and PNC Financial Services, stocks slid due to recessionary...
The COP29 climate conference has agreed to provide funding for developing countries, with wealthy emitters committing to pay $300 billion a year by 2035. However, this is lower than the $1.3 trillion annually needed to address global warming, leading to disappointment...
The best high-yield savings accounts of April 2023 have been ranked by CNN Underscored Money based on nine data points across six categories, including APY, fees, customer experience, digital experience, minimum deposit requirement, and minimum balance to avoid a monthly fee....
Google-parent stock drops on fears it could lose search market share to AI-powered rivals. Google has begun rolling out its ChatGPT rival, while experts warn that AI could pose an 'extinction' risk for humanity if not used responsibly.
Impact on Businesses and...
McDonald’s is upgrading its burgers with softer buns, gooier cheese, added onion directly to patties on the grill, and more Big Mac sauce. The upgrades were first made in international markets and will be available nationally by early next year.
Changes to...
A study reveals that in 29% of heterosexual marriages, women and men earn about the same. However, despite equal earnings, wives still do more at home, spending 2 hours more per week on caregiving and 2.5 hours more on housework than...
Members of the Patriotic Millionaires propose three changes to the tax code: taxing all types of income equally for high earners, inheriting wealth as income, and taxing the highest earners more. They suggest returning to top rates from the 20th century...