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Monthly Archives: January 2023

CVS and Walgreens will sell mifepristone in pharmacies

Mifepristone (Mifeprex), one of the two drugs used in a medication abortion, is displayed at the Women’s Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, New Mexico, on June 15, 2022. Robyn Beck | AFP | Getty Images Walgreens and CVS will sell the abortion pill mifepristone …

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Tech jobs hit the hardest by layoffs last year: Report

Peopleimages.com | Getty Images The technology industry led job cuts in 2022, totaling more than 97,000 announced across the sector, according to a report released Thursday from outplacement services firm Challenger, Gray & Christmas. That’s up 649% from the nearly 13,000 tech jobs that were cut in 2021, the report …

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Silvergate Capital tanks nearly 40% after crypto bank discloses massive Q4 withdrawals

Pavlo Gonchar | Lightrocket | Getty Images Shares of Silvergate Capital sank nearly 40% on Thursday after the crypto-focused bank released preliminary fourth-quarter results that showed massive customer withdrawals. Total deposits from digital asset customers declined to $3.8 billion from $11.9 billion at the end of the third quarter, a …

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Online sales jump 3.5%, boosted by discounts

D3sign | Moment | Getty Images Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new record for e-commerce sales during the major retail season, according …

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Fed’s Esther George sees rates staying high at least into 2024

As her 40-year central banking career comes to a close, Kansas City Federal Reserve President Esther George is advising her colleagues to stay tough in their efforts to stamp out runaway inflation. George said Thursday that she thinks the Fed should raise its benchmark borrowing rate above 5% and keep …

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Homeowners spent up to $6,000 average on repairs, maintenance in 2022

Minerva Studio | Istock | Getty Images Some expenses that go with homeownership can often be unpredictable — and costly. Last year, homeowners spent an average of $6,000 on maintenance and repairs, according to a recent report from insurance firm Hippo. A separate study from home services website Angi that …

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Bed Bath & Beyond shares plummet as company warns of deeper financial troubles

A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond warned Thursday that it is struggling to attract customers and drive sales, which is contributing to mounting losses and deeper financial troubles …

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Prince Harry’s new book alleges physical attack by brother William

Britain’s Prince Harry, Duke of Sussex (L), and Prince William, then the Duke of Cambridge (R), attend the unveiling of a statue of their mother, Princess Diana, on July 1, 2021. Dominic Lipinski | Afp | Getty Images LONDON — Prince Harry’s upcoming autobiography details an alleged fight in which …

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ADP jobs report December 2022:

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City.  Spencer Platt | Getty Images The jobs market closed out 2022 on a high note, with companies adding far more jobs than expected in December, payroll processing firm …

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5 things to know before the stock market opens Thursday, January 5

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City.  Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Chewing things over U.S. stock markets …

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