Business

Campbell's said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability."Make no mistake, our results remain unacceptable," CEO Mick Beekhuizen said. "But instead of waiting for the environment to improve around us, we are addressing reality head-on."The company has 4,300 salaried workers, according to The Wall Street Journal. It had approximately 13,700 full-time and part-time […]

Right on cue, the press got ready to print a bad jobs report for August, and then SLAM, the number comes out up 162,000. About three times the Wall Street consensus. Of course, most of Wall Street and their liberal pals in the press just love to ignore eight straight months of Institute for Supply Management manufacturing index increases, and 15 straight monthly ISM services index increases. And tremendous gains […]

Before the 1917 Russian Revolution, socialists in the U.S. were winning hundreds of local and national contests.In Manhattan, a socialist immigrant from Lithuania was sent to Congress in 1915. Milwaukee had three socialist mayors. And in the 1912 presidential election, socialist presidential candidate Eugene Debs received 6% of the popular vote.But socialists couldn't capitalize on these victories. First, an internal split between the revolutionaries and the moderates prevented a united […]

Labor Day travelers are facing higher costs for flights and hotels as they head out for the final holiday weekend of summer, according to AAA and travel expert Pauline Frommer.AAA booking data shows domestic airfare is up 2% compared with last year, averaging $750 for a round-trip ticket. Fares to the holiday weekend’s most popular domestic destinations are nearly 20% higher, averaging $790.Hotel prices are also rising, with domestic bookings […]

The U.S. economy rebounded in August, adding jobs at a solid pace after a surprise decline in July amid economic uncertainty.The Bureau of Labor Statistics on Friday reported that employers added 162,000 jobs in August. That figure was well above the estimate of 56,000 made by economists polled by LSEG.The unemployment rate held steady at 4.1% in August, which was also in line with the expectations of economists polled by LSEG.WHAT […]

The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA.The AAA national average for diesel increased from $5.7832 on Thursday to $5.85 on Friday.The month-ago average was $5.3715 and the year-ago average was significantly lower at just $3.7121.TRUMP ANNOUNCES ‘BIGGEST OIL DEAL IN WORLD HISTORY,’ SAYS IT WILL SUBSTANTIALLY LOWER […]

More than 15,000 popular children’s squeeze toys have been recalled over serious injury hazards linked to the beads they contain, according to federal regulators.Two recalls have been issued — one for Squeezy Dumplings from GIHNJSI and one for Rainbow Mystery Squishy Buns from OKK Trading.Both products contain water beads, which could expand within a child’s body if ingested, posing a potentially deadly hazard, the Consumer Product Safety Commission said in its notice. The toys […]

OpenAI on Thursday unveiled GPT-6 Astra, a new artificial intelligence (AI) model the tech company says features major improvements in computer use, coding, scientific research and professional work.The San Francisco-based company said Astra is rolling out starting Thursday to enterprise customers with Daybreak access. In the coming days, it will also roll out to ChatGPT Plus, Pro, Business and Enterprise users, as well as through the OpenAI API and Amazon […]

Zoox announced Thursday that its driverless robotaxis will begin transporting passengers to and from Harry Reid International Airport in Las Vegas, marking the company's first airport service.The Amazon-owned company told FOX Business that, beginning Thursday, riders can book trips between Harry Reid International Airport and the Las Vegas Strip."Bringing autonomous transportation to one of the country’s busiest airports requires true partnership, and we are grateful to the Clark County Department […]