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Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Dec 6, 2023

Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance expense in the fourth quarter.

Soon you’ll be able to buy a Hyundai on Amazon

Nov 17, 2023

Amazon is about to add cars and SUVs to the huge roster of things it sells online. People will be able to shop for Hyundai vehicles on Amazon through an agreement with the South Korean automaker.

Starbucks workers stage ‘Red Cup Day’ strike

Nov 17, 2023

Thousands of Starbucks workers at hundreds of stores went on strike Thursday, as they protested the lack of their first contract despite a nearly two-year organizing drive.

Online hate watchdog moves to dismiss lawsuit from Elon Musk’s X

Nov 17, 2023

Nonprofit online watchdog the Center for Countering Digital Hate on Thursday hit back at Elon Musk’s X in a motion to dismiss the social media company’s August lawsuit.

Apple will make a big change to iPhone messages next year

Nov 17, 2023

The long-standing battle over the iOS’ blue and Android’s green text bubbles will soon take a more friendly turn.

Italy to seize $835m from Airbnb in tax evasion inquiry

Nov 10, 2023

An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion.

Starbucks is handing out pay hikes and new benefits. But some are only for non-union workers

Nov 10, 2023

Starbucks employees are getting more pay and new benefits, but some are only going to baristas that haven’t unionized. A National Labor Relations Board judge previously found that similar moves by Starbucks violate federal labor law, with the company appealing the decision.

The shaky stock market is making Americans feel uneasy

Nov 10, 2023

Americans’ moods soured this month, largely due to a wobbly stock market.

Feds post $4.3 billion deficit as high interest rates grow public debt charges

Oct 30, 2023

The federal government posted a budgetary deficit of $4.3 billion from April to August.

Can a zoning ‘revolution’ save Canada from a housing crisis?

Oct 30, 2023

On Oct. 20, Mississauga Mayor Bonnie Crombie came back from her temporary leave to overrule a previous rejection by city council and allow the building of four-unit housing on low-rise residential lots.

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