Business News [UP]

Walmart on Wednesday confirmed it plans to lay off corporate employees a week after the company cut its profit guidance, citing inflation....Read More

The president of the Federal Reserve Bank of St. Louis expects interest rates to continue climbing, but believes the United States can avoid entering a recession....Read More

Representatives of the world’s major oil producing countries voted Wednesday to increase production slightly, far less than U.S. President Joe Biden hoped for to boost supplies and ease pain at the pump for Americans....Read More

Online brokerage Robinhood cut 23% of its staff in a second round of layoffs as trading cools and the company’s second quarter earnings drop to $318 million in net revenue....Read More

Author Stephen King on Tuesday testified for the Justice Department in opposition of a merger between Penguin Random House and Simon & Schuster, saying “consolidation is bad for competition.”...Read More

A robot meant to perform surgery remotely will be tested aboard the International Space Station in 2024, the company behind the miniaturized in vivo robotic assistant said on Tuesday....Read More

President Joe Biden, who is recovering from a rebound bout of COVID-19, will virtually join an event in Michigan to mark the signing of Gov. Gretchen Whitmer’s executive directive to implement the CHIPS and Science Act....Read More

The Dow Jones Industrial Average fell 46.73 points Monday as U.S. markets snapped a three-day winning streak in the first day of trading for August....Read More

President Joe Biden’s administration on Monday issued sanctions targeting companies based in the United Arab Emirates, China and Singapore for helping ship Iranian oil to east Asia....Read More

A popular brand of sunscreen is being recalled nationwide after it was found to contain very small amounts of a chemical that’s known to cause cancer....Read More