Police phony jobless claims? You must be joking, Mr. President! Fed up with generous US unemployment perks that critics say are impossible to effectively oversee for abuses, a fast-growing number of states are turning them down altogether. Some 21 Republican governors are now looking to force workers back into the labor market by withdrawing from...Read More

Burger King will expand its new crispy chicken sandwich nationally across the United States on June 3, the Restaurant Brands International chain said on Wednesday. The “Ch’King” sandwich builds on a craze that began to sweep the nation in late 2019 after the fried chicken chain Popeyes, also owned by Restaurant Brands International, started selling...Read More

Prominent conservative venture capitalists including Peter Thiel and J.D. Vance are investing in free speech-oriented video streaming site Rumble Video, the company said Wednesday. The deal, first reported by the Wall Street Journal, marks PayPal and Palantir co-founder Peter Thiel’s first investment in a social media company since he bought a large stake of Facebook...Read More

Insiders at Hertz, which last week shocked Wall Street with its well-financed bankruptcy-exit plan, are already plotting to take revenge on the New York Stock Exchange for kicking it when it was down, On the Money has learned. The car-rental giant, which last week scored enough funding to repay its lenders and still have money...Read More

Squarespace valuation plunged by more than a third in its debut on the New York Stock Exchange on Wednesday, after shares of the website-hosting service fell 13 percent below their reference price amid a broader market sell-off. Shares of the New York-based company opened at $48 apiece on a day when Wall Street’s main indexes...Read More

Apple CEO Tim Cook will take the witness stand this Friday in a high-stakes courtroom battle over the lucrative commissions the iPhone maker has been raking in from its mobile app store. The timing of Cook’s highly anticipated testimony was confirmed Wednesday when a federal judge granted Apple’s request to allow the 60-year-old executive to...Read More

Dogecoin, the meme-inspired cryptocurrency, may have started a joke — but now the quirky digital token has exploded into the center of the trillion-dollar crypto market. It is the 6th most valuable cryptocurrency currently, having increased by more than 1400% over the past 12 months, according to CoinMarketCap. And while different types of cryptocurrencies do...Read More

Athletic wear maker Under Armour said on Wednesday it would raise the minimum wage for hourly workers to $15 in the United States and C$15.25 ($12.59) in Canada, starting June 6. It is the latest in a string of companies, including Walmart and McDonald’s, to hike hourly wages for employees as retailers and restaurants try...Read More

Target’s sales and profits surged in the first quarter as its customers, emerging from the pandemic, returned in big numbers to its stores for dresses, cosmetics and luggage. Sales at stores opened at least a year jumped 18 percent in the three-month period that ended May 1. That follows a 6.9 percent increase in the...Read More

The CEO of Colonial Pipeline claims he ignored FBI guidance and forked over a $4.4 million ransom to the hacking group DarkSide because “it was the right thing to do for the country.” Joseph Blount, the chief executive of Colonial Pipeline, said in an interview published Wednesday by the Wall Street Journal that he decided...Read More