As the jobless rate among China's youth soars, the country's richest province has offered a highly controversial solution: Send 300,000 unemployed young people to the countryside for two to three years to find work.Guangdong, the manufacturing powerhouse that abuts Hong…
Huge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption of technologies such as artificial intelligence.That finding comes from the World Economic Forum, which on Sunday published a report…
Uber has released its annual list of items forgotten by passengers in cars and it includes some truly bizarre items -- including an ankle monitor, fingernails and even a slushy machine.The ride-share company published its 2023 Uber Lost & Found…
After a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn't have time for a breather just yet.A slate of economic events and data are on deck for next week. In the spotlight are the Federal…
Lyft's new CEO David Risher announced another change for the ride-share company: Workers will soon have to return to the office.On Friday, Risher announced "the first steps in a plan for a flexible model with more regular in-office work," a…
Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN.Final bids are due for First Republic Bank at 4 p.m. ET on Sunday, the source said.The Federal Deposit Insurance Corporation,…
It's what every bride has nightmares about: A wedding dress disappeared, stained, or — in New Hampshire resident Jesse Moltenbrey's case — held "hostage."A billing dispute between now-bankrupt Bed Bath & Beyond and Houston-based Memories Gown Preservation led the preservation…
In the 1980s, a new type of specialty retail chain started to emerge: "category killers."The stores' powerhouse business model was aimed at giving shoppers access to every different size, style and color of a product imaginable -- all in one…
Jenny Craig is reportedly shutting down some of its weight-loss centers and warning employees of mass layoffs amid upheaval in the industry from popular new prescription drugs like Ozempic.Jenny Craig alerted employees to potential layoffs as it begins "winding down…
First Republic Bank's fate is looking grim.The bank's stock has plummeted about 75% this week, after a disappointing first-quarter earnings report Monday revived Wall Street's fears about a banking crisis and catalyzed an exodus out of First Republic stock. While…
The collapse of Signature Bank was due to "poor management," according to a report from the Federal Deposit Insurance Corporation released Friday.Bank management "did not always heed FDIC examiner concerns, and was not always responsive or timely in addressing FDIC…
So you want to improve your college's financial aid package? Fine. Just don't have your mom call the college to do the negotiating.For most high school seniors, "decision day" is May 1, the deadline for students to alert a college…
Inflation may be continuing to cool but there's also a chill running through the American consumer, the latest report from the Commerce Department shows.The Federal Reserve's preferred inflation gauge eased further in March, a sign that the central bank's massive…
If my bank fails, how much of my savings will I get back?It's a scenario no one likes to think about. But in the past 15 years, it has unfolded with particular drama on several occasions — during the 2008…
In a hotly anticipated banking report released Friday morning, the Federal Reserve said it failed to take sufficient action to prevent the collapse of Silicon Valley Bank, while detailing serious management oversights by the lender's executives.The Fed, which is SVB's…
Musician Ed Sheeran played guitar and sang on the stand Thursday as part of his testimony in a copyright infringement trial about whether his smash single "Thinking Out Loud" copied the classic Marvin Gaye song "Let's Get It On."Sheeran played…
Bed Bath & Beyond's competitors are coming to the rescue of customers looking to use expired coupons issued by the failed retailer. Big Lots said Thursday that it's "assisting shoppers nationwide" by accepting expired Bed Bath & Beyond coupons until…
(CNN) — Tupperware, the iconic kitchen brand that’s been a household name for decades, recently received a lifeline from its creditors, but the business still faces extreme challenges. Given the brand’s prospects, you might be wondering how long your stash…
Wall Street can seem bewildering, given its sheer amount of jargon, banking terms, and acronyms.But as concerns mount that the Federal Deposit Insurance Corporation will take receivership of troubled First Republic Bank, potentially the third US bank to fail after…
(CNN) — Blueberries, beloved by nutritionists for their anti-inflammatory properties, have joined fiber-rich green beans in this year’s Dirty Dozen of nonorganic produce with the most pesticides, according to the Environmental Working Group, a nonprofit environmental health organization.In the 2023…
A low-carb, high-fat "keto-like" diet may be linked to higher levels of "bad" cholesterol and double the risk of cardiovascular events such as blocked arteries, heart attacks and strokes, according to new research."Our study found that regular consumption of a…
Her smile is bright, cheery, sometimes goofy and always contagious. But pictures can't completely capture her upbeat, positive vibe. At 21, Claire Bridges has a mature spirit that amazes those who love her as well as the doctors who had…
Bempedoic acid may be an alternative for people who need to lower their cholesterol but can't or won't take statins, according to a large study published Saturday in the New England Journal of Medicine.Statins are the most commonly prescribed cholesterol-lowering…
With the third anniversary of the Covid-19 outbreak, the secondary pandemic of hunger still looms for many Americans. According to the US Department of Agriculture (USDA) Economic Research Service, nearly 34 million people in the US live in food-insecure households.It's…
