Category: Business

Chocolate Chain Thorntons to Close UK Stores, 600 Jobs at Risk

LONDON—Thorntons, the 110-year-old British chocolatier and retailer, said on Monday it would permanently close all 61 UK stores, putting 603 jobs at risk, blaming the impact of COVID-19 lockdown restrictions. Multiple lockdowns in Britain have heaped pressure on store-based retailers already struggling with tight margins and intense competition from purely online players. Thorntons, which was…


Inflation Overtakes CCP Virus as Biggest Risk for Investors: Bank of America

Inflation has displaced the CCP virus as investors’ top worry, as Wall Street looks beyond the pandemic to the impact of the tidal wave of stimulus and the unleashing of pent-up demand as the economy recovers, a new Bank of America survey shows. The Bank of America’s most recent Global Fund Manager Survey (FMS) indicates…


Nokia to Cut up to 10,000 Jobs Over Next Two Years

STOCKHOLM—Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei. After taking over the top job last year, Chief Executive Pekka Lundmark has been making…


Facebook Voter Drive Swayed Election to Biden: Executive Caught on Camera

Facebook’s drive to register 4.5 million voters swayed the November election to President Joe Biden, opined a Facebook executive in hidden camera footage. The executive, Benny Thomas, expressed grim views of the giant tech company, but counted the voter drive among the positives of Facebook while secretly being recorded earlier this year by reporters with…


DeSantis Rejects Sen. Scott’s Calls for Florida to Give Back Relief Money

Florida Gov. Ron DeSantis on Tuesday rejected calls from a fellow Republican, Sen. Rick Scott (R-Fla.), to return money in excess of COVID-19-related costs that is being handed out to state and local governments under the $1.9 trillion relief package, funds that Scott has denounced as “bonus cash to plug budget holes.” “It doesn’t make any…


DeSantis Rejects Sen. Scott’s Calls for Florida to Return Surplus Relief Funds

Florida Gov. Ron DeSantis rejected calls from a fellow Republican, Sen. Rick Scott (R-Fla.), to return funds in excess of COVID-19-related costs that are being handed out to state and local governments under the $1.9 trillion relief package, funds that Scott has denounced as “bonus cash to plug budget holes.” “It doesn’t make any sense,” DeSantis…


You May Already Have Some

Dear Dave, I started listening to your radio show recently, and I heard you say people should have 10 to 12 times their yearly income in life insurance. I’m single, with no plans to get married. Plus, I don’t have any children. Do I still need a big life insurance policy like that? Kris  …


US Wholesale Prices Rose 0.5 Percent in February as Energy Costs Spike

WASHINGTON—Energy prices continued to rocket higher in February, although overall wholesale prices moderated after a record jump in January. The Labor Department’s producer price index, which measures inflation before it reaches consumers, increased by 0.5 percent last month following a record jump of 1.3 percent the month before. Price increases slowed despite a 6 percent…


Spiking Energy Leads Wholesale Prices up 0.5 Percent in February

WASHINGTON—Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. The Labor Department’s producer price index, which measures inflation before it reaches consumers, increased by 0.5 percent last month following a record jump of 1.3 percent the month before. Price increases slowed despite a 6 percent…


US Air Travel Rises to Highest Levels Since Start of Pandemic

Air travel across the United States is recovering more quickly from the depths of the pandemic, and it’s showing up in longer airport security lines and busier traffic on airline websites. The Transportation Security Administration screened more than 1.3 million people both March 12 and March 14, setting a new high since the coronavirus outbreak…