Finance

Labor Department investigation finds Hyundai and suppliers had 13-year-olds working 50-hour weeks on the assembly line

The U.S. Department of Labor wants a federal judge to prevent Hyundai and two other Alabama companies from what the government contends is...

Inflation rose in Europe in May but its central bank is still set to cut interest rates before the Fed

Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That’s more than expected as a...

Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. investors

The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency mining operation that...

Trump’s media company stock sinks in the wake of fraud verdict

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped Thursday after former President Donald Trump was convicted...

Christina Applegate’s early MS symptoms make it clear that the disease can be mistaken for everyday aches. Here’s what you need to know

It’s easy to shrug off a bit of numbness in your hand or losing your footing here and there. Unfortunately, as actor Christina...

Monday.com review: Can the CRM help transform your business?

With more than 225,000 customers, including major corporations Coca-Cola, Universal, and Canva, Tel-Aviv-based monday.com (NASDAQ: MNDY) helps companies big and small manage projects,...

Southeast Asia hit with dealmaking slump, with 39% drop in PE deal value in 2023

Private equity investments are getting scaled back worldwide, as “higher for longer” interest rates and uncertain global growth have dampened investor appetite for...

American Airlines CEO fired top exec after controversial ‘modern retailing’ strategy infuriated corporate clients

American Airlines Group Inc. Chief Executive Officer Robert Isom dismissed the carrier’s commercial chief in the wake of a critical report from Bain...

Homeowners insurance outlook: insurers paid out a staggering $100 billion last year

Home insurance companies are being battered by a costly combination of severe storms and high inflation. They just had their worst year in...

What’s it like to take over the CEO job from a company founder? Lyft’s David Risher can answer that

On this episode of Fortune’s Leadership Next podcast, co-hosts Alan Murray and Michal Lev-Ram sit down with David Risher, CEO of Lyft. They talked about Risher’s...

Texas can’t catch a break as new storm kills teenager, uproots trees, rips off roofs

Power outages remained widespread in storm-weary Texas after another burst of severe weather flooded streets, uprooted trees and ripped off roofs. Authorities said...

Gym usage surpasses pre-pandemic levels, thanks to Gen Z

Do you spend a lot of time at the gym lately waiting for an empty squat rack? Or maybe you’re often in line...

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