Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization. McMahon will continue to oversee WWE’s creative content during the investigation, World Wrestling Entertainment said Friday, and named McMahon’s daughter, Stephanie, as interim CEO and chairwoman. Vince…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices fell almost 2% on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. Brent crude was down $2.19, or 1.8%, at $117.62 a barrel at 1334 GMT, and U.S. West Texas Intermediate (WTI)…
By Joey Roulette and Eric M. Johnson (Reuters) -Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to a…
Following a string of union victories at Amazon and Starbucks, a group of prominent progressive grant makers is seeking to put a total of $20 million into a coalition with organized labor that will steer funds to organizing and advocacy campaigns in the South. A contentious battle to unionize an Amazon warehouse in Bessemer, Ala.,…
(Reuters) – The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided. “A U.S. CBDC (central…
PRAGUE (AP) — Russia reduced natural gas to Europe again Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant reductions to the fuel that powers industry and…
(Reuters) – U.S. stock index futures bounced back on Friday from a brutal Wall Street selloff this week after the Federal Reserve’s largest rate hike since 1994 and tightening measures by other major central banks raised fears of a recession. The benchmark S&P 500 and the tech-heavy Nasdaq have both plunged 6% so far this…
(Reuters) – Chances of Britain heading into a recession over the next year or two have increased amid soaring inflation due to the country’s vulnerability to external shocks, J.P.Morgan economists said on Friday, a day after the Bank of England raised borrowing costs. The BoE raised its benchmark interest rate to 1.25% on Thursday –…
TOKYO (AP) — Japan’s Supreme Court ruled Friday that the government is not liable for the 2011 Fukushima nuclear crisis, dismissing thousands of evacuees’ demands that the state, not just the utility, pay compensation for damage to their lives. The ruling was the first by the top court on government responsibility for the Fukushima disaster…
NEW YORK (AP) — Retailers and marketers have been quick to commemorate Juneteenth with an avalanche of merchandise from ice cream to T-shirts to party cups. But many are getting backlash on social media for what critics say undermines the day, designated as a federal holiday last year to honor the emancipation of enslaved African…
