Costco CEO Craig Jelinek to Retire, Ron Vachris to Take Helm
Longtime Costco CEO Craig Jelinek will retire at the end of the year, and he will be succeeded by Ron Vachris, who has been with the company for 40 years.
Florida Sends Aid to Israel
Florida Governor Ron DeSantis has announced that the Florida Division of Emergency Management is sending two cargo planes filled with supplies to aid Israel.
IRS to Introduce Electronic Free File Tax System, Facing Industry Opposition
The IRS is set to launch a pilot electronic free file tax return system in January, inviting taxpayers from 13 states to participate.
California Family Pleads Guilty in $600 Million Catalytic Converter Theft Conspiracy
Three members of a California family have pleaded guilty to participating in a national network involved in stealing and trafficking catalytic converters worth $600 million.
Major Coal Train Derailment Closes I-25, Stranding Commuters and Prompting Traffic Solution
Over 30 coal cars derailed near I-25 due to a broken rail, causing a bridge collapse and closing the interstate.
FBI's Latest Crime Data Reveals An Alarming Trend of Car Thefts
In 2022, motor vehicle thefts in the United States surged by over 8%, resulting in the theft of nearly a million vehicles valued at over $20 billion, according to the FBI's latest Crime in the Nation data.
The 10th Anniversary of China's Belt and Road Initiative Showcases Debts, Corruption, and Geopolitical Concerns
The 10th anniversary of China's Belt and Road Initiative (BRI) has highlighted significant challenges and concerns.
Ukraine Unveils ATACMS Missiles Shipped From America
After months of secrecy surrounding President Biden's decision to provide ATACMS missiles to Ukraine, it has been revealed that the missiles are now in Ukrainian possession and have been used in attacks on Russian military facilities.
Germany Allows France to Subsidize Nuclear Plants
Germany has allowed France to use state subsidies for its nuclear power plants, breaking a deadlock in EU electricity market reform discussions.
Ford Executive Chairman Calls for End to UAW Strike, Union Rejects Plea
Bill Ford, the Executive Chairman of Ford Motor Co., urged an end to the United Auto Workers (UAW) strike, emphasizing the importance of the U.S. auto industry's future.
Rite Aid Files for Bankruptcy Amid Debt Woes and Opioid Litigation
Rite Aid, a debt-laden U.S. pharmacy chain, has filed for bankruptcy protection and plans to close underperforming stores, sell its pharmacy benefit subsidiary Elixir, and address lawsuits related to the sale of addictive opioid medications.
Diplomatic Efforts, Hostage Claims, and Biden's Dilemma: Escalating Crisis in Gaza
Western diplomats are seeking ways to provide emergency aid to Gaza and allow foreigners to leave for Egypt.
Fatal Coal Train Derailment Shuts Down Interstate 25 in Southern Colorado
A coal train derailed over Interstate 25 in southern Colorado, killing the driver of a semi-truck.
Novo Nordisk Raises 2023 Sales Outlook on Strong Demand for Wegovy and Ozempic
Novo Nordisk has raised its full-year sales and operating profit outlook due to high demand for its weight loss drug Wegovy and diabetes treatment Ozempic.
Geopolitical Conflict and 'Fragmentation': Impacts on Supply Chains and 'Slowbalisation
As economists assess the financial impact of ongoing geopolitical conflicts, the International Monetary Fund (IMF) has highlighted the concept of "fragmentation" repeatedly in its World Economic Outlook, emphasizing concerns about how strife could disrupt global supply chains and potentially reduce global GDP by up to 7%.
UAW President Shawn Fain Addresses Ongoing Strike Strategy Amidst Expansion and Negotiations
United Auto Workers President Shawn Fain announced that the union will not initiate additional walkouts against Ford, General Motors, and Stellantis in their ongoing strike but emphasized their ability to mobilize workers as needed.
October Consumer Sentiment Declines Amid Rising Inflation and Student Loan Resumption
Americans' consumer sentiment took a hit in October, with the University of Michigan's consumer sentiment index falling by 7% compared to the previous month.
JP Morgan CEO Jamie Dimon Warns of Global Impact Amid Middle East Conflict Escalation
JP Morgan's CEO, Jamie Dimon, has expressed concerns about the escalating conflict in the Middle East, particularly Israel's expected ground offensive on Gaza.
U.S. Explores Evacuation Options for Americans in Israel Amidst Conflict
The U.S. government is exploring various options, including land and sea routes, to assist Americans in leaving Israel.
Florida Hit by Tornadoes, Damaging Homes, Vehicles, and Businesses
Severe weather in Florida resulted in at least one tornado damaging homes, vehicles, and businesses.