business

Mississippi Entergy customers will see $80 credit or check and long-term savings

Mississippi Entergy customers will see $80 credit or check and long-term savings

Entergy Mississippi customers will get a break on their bills because of a historic settlement announced Thursday by the Mississippi Public Service Commission.Entergy’s customers win. Almost $300 million of benefits are flowing back to Entergy’s customers,” said Public Service Commissioner Brent Bailey.Earlier This week, Entergy officials and MPSC commissioners approved the settlement agreement that ends …

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Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions

Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions

Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia’s war in Ukraine. Oil prices had been increasing since last year, spiking to highs after Russia launched an unprovoked war on Ukraine. But since the end …

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US bans sales of Juul e-cigarettes, company to seek stay on enforcement

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would …

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Ken Griffin's announcement about Citadel's move comes at a curious time politically for the billionaire

Ken Griffin’s announcement about Citadel’s move comes at a curious time politically for the billionaire

When Illinois’ wealthiest man, Ken Griffin, announced Thursday that he plans to move the headquarters of his investment firm from Chicago to Miami, it was not only a major development for Citadel, it also came at an intriguing time politically for the billionaire hedge fund manager. Illinois Republican voters are poised on Tuesday to accept …

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EXCLUSIVE Nike to make full exit from Russia

EXCLUSIVE Nike to make full exit from Russia

PARIS/COPENHAGEN/LONDON, June 23 (Reuters) – Nike (NKE.N) is making a full exit from Russia three months after suspending its operations there, the US sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated …

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The retail industry is facing a potential wave of bankruptcies – here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden …

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Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars each

Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars each

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the metaverse could be a substantial part of the social network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, …

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Starbucks facing pressure to reinstate fired Buffalo workers

Starbucks facing pressure to reinstate fired Buffalo workers

Check out what’s clicking on FoxBusiness.com. Starbucks is facing pressure to rehire seven Buffalo employees who federal labor officials say were “unlawfully fired for exercising their right to form a union.” However, it’s a claim that Starbucks has repeatedly denied and plans to defend. The National Labor Relations Board’s Buffalo Regional Director Linda M. Leslie …

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