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Treasury Secretary Yellen announces $100M affordable housing fund as shelter costs weigh on Biden

June 26, 2024

Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement comes days before President Joe Biden faces off against former…

Stock

Hooters to close ‘underperforming’ restaurants amid broader industry woes

June 26, 2024

Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader industry woes. Hooters said that it was ‘under…

Stock

Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic

June 26, 2024

Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug…

Stock

Maker of Hershey’s, Jeni’s, and Friendly’s ice cream products issues recall over Listeria

June 26, 2024

A company responsible for producing ice cream products for several popular brands, including Hershey’s, Jeni’s and Friendly’s, has issued a recall because some of its products may be contaminated with…

Stock

How Delta made itself America’s luxury airline — and what United wants to do about it

June 26, 2024

Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in…

Economy

Dutch PM Rutte to become next NATO secretary-general

June 26, 2024

The outgoing Dutch Prime Minister Mark Rutte will become the next NATO secretary general, the alliance said Wednesday. His appointment comes after Romanian President Klaus Iohannis – his only rival…

Economy

Children are dying of starvation in their parents’ arms as famine spreads through Gaza

June 26, 2024

Younis lays disorientated on a green mattress in Nasser Hospital, in southern Gaza. His long brown eyelashes rest delicately on his pale sunken face, as he drifts in and out of…

Economy

This North Korean defector sends ‘smart’ balloons back home. Here’s a look inside his secretive assembly room

June 26, 2024

Beside a desk scattered with soldering pieces, loose wires and electronic parts, Choi’s computer screen tracks wind conditions and the GPS location of some unlikely parcels: massive “smart” balloons he…

Economy

Russia begins espionage trial of reporter Evan Gershkovich in closed hearing condemned by the US

June 26, 2024

The trial of Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, began Wednesday morning in a closed hearing that has…

Economy

Julian Assange ends stalemate with US, exchanging guilty plea for his freedom

June 26, 2024

WikiLeaks founder Julian Assange walked free for the first time in 12 years after a US judge signed off on his unexpected plea deal on Wednesday morning. Assange walked out…

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