Economy

WeWork, the office-sharing company once valued at over $47 billion, has filed for bankruptcy protection. The company, which started almost a decade ago in New York City, had become one of the fastest growing companies in the world, valued at

October saw a relatively modest increase in US payrolls, with 150000 jobs being added to the economy. This number was short of the forecast, according to the Labor Department's monthly report. The private sector showed a modest increase of 132000 jobs,

The rise of Sam Bankman-Fried and FTX has been remarkable in just a few short years. The crypto-financial services firm, led by the now legendary CEO, has become one of the most powerful forces in the cryptocurrency industry, and it’s

Starbucks Corporation announced a plan to add 17,000 locations worldwide over the next decade. The new strategy echoes Starbucks’ goal of accelerating expansion around the globe while also adding jobs to its existing stores. The coffee shop chain currently has

As the world continues to grapple with the consequences of the pandemic-induced recession, there has been a noticeable slowdown in U.S. hiring. Despite widespread economic volatility, some believe that the slowdown in hiring is a sign that the US economy

The real estate market has been a rollercoaster ride since last spring, and the uncertainty continues as homebuyers and sellers anticipate the outcome of a billion-dollar verdict on a class-action lawsuit. The lawsuit, filed by a number of homebuyers in January

Sam Bankman-Fried, the founder of FTX Crypto Exchange was recently found guilty by a jury in the United States (US) of all counts of fraud, including conspiracy, wire fraud, and money laundering. He was accused of misrepresenting his cryptocurrency exchange,

The Federal Reserve Board recently voted unanimously to maintain the current target range for the federal funds rate at 0%-0.25%, keeping interest rates at near-record lows. This decision was expected, as the Federal Reserve seeks to provide stability to markets

The days of small mom-and-pop pharmacies could be numbered. A new protest movement called "Pharmageddon" has arisen in latest weeks among the nation’s independent drug stores. The goal of this movement is to raise awareness of the issues faced by