Business

Goldman Sachs says the S&P 500 will gain an average of 3% per year over the next decade, compared to 13% annual gains over the past decade.

The golden era of S&P 500 gains is over, Goldman Sachs says

Denny's announced Tuesday that it is closing 150 stores by the end of the year.

Denny’s closing 150 stores by end of year as shares drop 17%

The IMF said Tuesday that tariffs put downward pressure on global growth and harm the countries that implement them.

IMF warns against tariffs: They make the country’s residents ‘poor’

PepsiCo responds to shrinkflation critics with 20% more chips to select Tostitos and Ruffles bags, while lawmakers and consumers scrutinize

PepsiCo adds more chips to bags amid ‘shrinkflation’ backlash

Alcon Entertainment sues Tesla, Elon Musk, and Warner Bros. for copyright infringement over AI-generated Blade Runner 2049-inspired art.

‘Blade Runner 2049’ studio sues Tesla over AI-generated images

GM posted a stronger-than-expected profit in the third quarter of 2024, boosting its forecast for the full year.

GM beats Q3 forecasts, raises 2024 profit outlook

Mike Jeffries, the former CEO of Abercrombie & Fitch, and his partner, Matthew Smith, were arrested Tuesday, Oct. 22, on charges of sex trafficking following a year-long investigation by the FBI and federal prosecutors in Brooklyn. The two men, along with a middleman, Jim Jacobson, are accused of recruiting young men with promises of modeling opportunities, only to exploit them at private parties held in the U.S. and abroad, according to prosecutors.

Fashion mogul Mike Jeffries, partner arrested for sex trafficking scheme

New Zealand's Dunedin Airport has put a three-minute time limit on hugs.

The not-so-long goodbye: Airport puts time limit on hugs

Disney will announce who will succeed Bob Iger as CEO in "early 2026" as it looks toward a future without the longtime leader.

Disney vows to resolve Iger succession in 2026 as Gorman becomes board chair

The Vessel in Hudson Yards, NYC, has reopened after a three-year closure following multiple suicides, with new safety measures implemented.

Vessel reopens in NYC after 3-year closure due to suicides

The end of the Boeing strike may be in sight. After more than a month, union members will vote on Boeing’s latest contract offer.

Boeing boosts offer to 35% raises as it loses $1 billion per month in strike

As the 2024 election draws closer, a new survey indicates Americans trust the media less and less. The poll was recently released by Gallup.

Americans’ confidence in the mass media continues to wane: Poll

The FCC has put ESPN on alert by proposing the maximum penalty after it accused the sports network of violating emergency alert rules.

FCC proposes max fine for ESPN airing emergency alert sounds

Scott Bessent opposed raising the federal minimum wage and said it should be a state or regional issue during his confirmation hearing.

Voters to decide whether to increase minimum wage in several states

Harvard University has experienced a $151 million drop in fundraising for fiscal year 2024, representing a 14% decline from last year.

Harvard faces ‘fundraising crisis’ as donors cut ties over protests

The cost for parents to sign up their kid to be a girl scout could soon more than triple.

Girl Scout fees may soon triple; critics worry families could be priced out

A leadership expert says it's time for CEO Kelly Ortberg to bypass Boeing negotiators and meet directly with striking union leaders.

It’s time for Boeing CEO to go straight to union leadership: Expert

A new report from Reuters reveals that the UN's WFP failed to stop the diversion of more than 7,000 tons of food aid in Ethiopia.

UN failed to act as over 7,000 tons of food aid were stolen in Ethiopia: Report

A day after the Federal Trade Commission unveiled its “click-to-cancel” rule in its fight against businesses that make it difficult for consumers to cancel subscriptions, Netflix announced Thursday, Oct. 17, that it has added subscribers — a lot of them.

Netflix adds 5M subscribers as others deal with cancellations

Former Nike intern Elliott Hill took over as CEO this week, but his path to return Nike to its former glory is an uphill climb.

After a lot of mistakes, this is the ‘only direction’ Nike can take

The University of Michigan has invested more than $250 million into the initiative in recent years, the NYT says success has been elusive.

U of Mich. DEI investment sees Black enrollment down, harassment up: NYT

A prominent short seller claimed Roblox is overinflating its numbers and allowing predators to flourish on its platform.

Roblox responds to report it attracts pedophiles and lies to investors

A rare 1787 copy of U.S. Constitution believed to be the only one in private hands, is up for auction in North Carolina

Rare 1787 US Constitution copy goes up for auction

A new study shows standing desks might not be better for your health, after all.

That standing desk might not make you healthier after all