Even the COVID-19 pandemic’s biggest corporate winners can’t escape some of the biggest problems now plaguing the economy. Apple and Amazon warned Thursday that global supply-chain snags and U.S. labor shortages will dent their earnings and worsen heading into the holidays. The tech giants are grappling with a lack of semiconductors, higher shipping …
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Former President Donald Trump has fallen off the Forbes 400, the annual list of America’s richest people, according to the financial magazine. It’s the first time in 25 years that Trump hasn’t been included on the list. The former president’s wealth stands at an estimated $2.5 billion, or about $400 …
Read More »The U.S. economy could plunge into another recession this fall if Congress fails to lift the debt ceiling and the nation is unable to pay its obligations, according to an analysis by Moody’s Analytics chief economist Mark Zandi. The fallout would wipe out as many as 6 million jobs and …
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First came Netflix. Next comes Disneyflix. And then comes… Walmartflix? Giant retailer Walmart (WMT) is considering launching a subscription streaming video service to go up against Netflix and its e-commerce foe Amazon, according to a report by The Information, which cites unnamed people familiar with the matter. It could be priced at less than $8 …
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