The S&P 500 is approaching a record high, marking a stunning turnaround from April when stocks nosedived after President Donald Trump unveiled a flurry of tariffs on so-called “Liberation Day.” The S&P 500 has jumped 23% since closing at its 2025 low on April 8. On Thursday, it closed up …
Read More »Disney lays off hundreds of employees across film, TV and other units
Walt Disney Co. is laying off hundreds of employees as part of a cost-cutting measure, CBS News has confirmed. “As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney,” …
Read More »What a slowdown in international travel could mean for America’s tourist hubs
Sault Ste. Marie in Michigan is a small city with a thriving economy. That’s because visitors from its larger northern sister city in Ontario, Canada, keep the border town’s economy humming. Situated on opposite sides of the St. Marys River, the U.S. and Canadian counterparts are connected by the Sault …
Read More »Tupperware files for bankruptcy amid slumping sales
Tupperware and some of its subsidiaries filed for Chapter 11 bankruptcy protection, the once-iconic food container maker said in a statement late Tuesday. The company has suffered from dwindling sales following a surprise surge during the COVID-19 pandemic, when legions of people stuck at home tried their hands at cooking, which increased …
Read More »Self
Pittsburgh — On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the …
Read More »Honda recalls 2.5 million cars because of stalling risk. See if your car is one of them.
Honda is recalling more than 2.5 million cars in the U.S. because the fuel pump inside the fuel tank may fail, causing the vehicles to stall while driving and increasing the risk of a crash, according to the National Highway Traffic Safety Administration. Another roughly 2 million Honda vehicles were …
Read More »Starbucks’ Pumpkin Spice Latte, an autumnal favorite for many, is 20 years old
The seasonal drink that made pumpkin spice a star is turning 20. And unlike the autumn days it celebrates, there seems to be no chill in customer demand. Starbucks’ Pumpkin Spice Latte, or PSL, goes on sale Thursday in the U.S. and Canada, as it does each year when the …
Read More »As Powerball jackpot rises to $1 billion, these are the odds of winning
The Powerball jackpot is now worth $1 billion, but bettors’ odds of winning are slim. The pot rose from $922 million after there were no winners in Monday’s drawing for the grand prize. For $2, those who want a shot at winning the jackpot can get one ticket. The odds …
Read More »Zuckerberg claims tens of millions of Threads signups within days of launch
More than 70 million people have signed up to Threads, Meta’s rival to Twitter, within the first two days of its launch, Meta CEO Mark Zuckerberg said Friday. The number is likely to grow quickly as more Instagram users and social media fans open accounts on Threads. The app is …
Read More »Earn less than $100,000 in San Francisco? Then you are considered low income.
Single people in San Francisco who earn less than $104,400 are considered low income, according to new government guidelines that determine who qualifies for some housing aid. That means that some people in California who are earning above six figures — a level that’s viewed as high income by many …
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