Business News

Bob Lee, tech entrepreneur and founder of CashApp, was tragically murdered in San Francisco early Tuesday morning in an apparent stabbing attack. According to Fox Business, the attacker has yet to be identified or apprehended. Friends and former colleagues in the tech industry expressed their condolences including Twitter CEO, Elon Musk. Musk responded to a user acknowledging the crime situation in San Francisco writing, “Very sorry...

L’Oréal has signed a deal with Natura & Co to acquire Aesop, an Australian luxury skincare brand. This $2.5 billion acquisition is the biggest deal L’Oréal has ever made, CNN reported. Aesop was founded in Melbourne in 1987. The now parent company, Natura & Co, got 65% stake in the company in 2012 and formally acquired it four years later. Since the acquisition, sales have soared...

A new consumer report revealed disturbing news about an iconic Easter candy. Peeps manufacturer, Just Born, is facing criticism for the use of Red Dye 3 in several of its candies. Red Dye 3, a known carcinogen, has been banned by the FDA from use in cosmetics but not food. Although food chemicals, including Red Dye 3, have been linked to serious health problems including “high...

This week, customers will notice some changes on Walmart’s website and mobile app. The goal of the changes was to make shopping online easier and more engaging, according to Walmart’s chief e-commerce officer, Tom Ward. Among the changes are bigger and glossier photos, videos and social media-inspired content, CNBC reported. “When you walk into a store, you get inspired and excited by what you see. And...

It was reported on Monday that McDonald’s had ordered corporate employees to work remotely this week as the offices were going to be closed. The Wall Street Journal reported the news claiming the company was preparing for company restructuring that includes employee layoffs. In a message viewed by the Wall Street Journal to employees, the company explained, “During the week of April 3, we will communicate...

Last week, Spirit Airlines announced its plans to hire more than 4,000 new employees this year. The new hires will include Pilots, Flight Attendants, Aviation Maintenance Technicians plus more, according to a press release. Linde Grindle, Senior Vice President and Chief Human Resources Officer at Spirit Airlines, explained, "We're welcoming thousands of new Spirit Family Members across our network this year and have a broad range...

Facebook’s parent company has reportedly stopped offering remote work in new job listings amid reorganization and employee layoffs. Fox Business reported that people familiar with the situation claim hiring managers have been told they can no longer list the job location as outside an existing office or remote. However, this change is only temporary, according to a spokesperson for Meta. They told Fox Business, “"We remain committed...

Sam Bankman-Fried, the founder of disgraced crypto company FTX, has been hit with five additional federal charges to which he has pleaded not guilty. The charges, according to CNN, involve fraud and conspiracy including one count of conspiring to bribe Chinese government officials with $40 million worth of cryptocurrency. This marks the 13th criminal charge against Bankman-Fried in what is described by prosecutors as one of...

Videos posted to TikTok this week revealed unfortunate events that took place at a Cold stone Creamery location in the United States. An anonymous employee shared videos on TikTok, originally posted on March 27, that showed fire suppression sprinkler malfunctioning and flooding the storefront, Fox Business reported. Although the videos have since been deleted, Fox Business was able to obtain details from the videos posted under a...

Jarman’s Midwest Cleaning Systems Inc. is voluntarily recalling several of its hand sanitizers due to the discovery of methanol by the Food and Drug Administration (FDA). The recalled products include Alcohol Antiseptic 80% Topical Solution Hand Sanitizer Non-sterile Solution and Isopropyl Alcohol Antiseptic 75% Topical Solution Hand Sanitizer Non-sterile Solution, according to a release by the FDA. The products come in a 1-gallon clear or plastic...