Shake Shack will close six locations in California, including five in Los Angeles, following the state's $20 minimum wage hike for fast-food workers. According to a filing with the Securities and Exchange Commission on Tuesday, the burger chain is shutting down nine locations overall after a periodic review

The hosts of CNBC's Squawk Box sparred with Bharat Ramamurti, an informal economic adviser for Vice President Kamala Harris' campaign, over the Biden-Harris proposal to tax unrealized capital gains—a policy the hosts argued was "unfair" and potentially "unconstitutional." Hosts Rebecca Quick and

Wall Street's top regulator approved new rule changes on Wednesday that will require mutual funds and exchange-traded funds (ETFs) to report their portfolio holdings monthly instead of quarterly, aiming to improve transparency for investors. However, the U.S. Securities and Exchange Commission (SEC) backed away from pursuing more

Flight attendants at United Airlines (UAL.O) have voted overwhelmingly in favor of strike authorization, the Association of Flight Attendants-CWA announced on Wednesday. According to the union, over 90% of flight attendants participated in the vote, with 99.99% supporting the strike authorization. This marks the first strike authorization vote

Philip Morris International (PM.N) announced on Tuesday that it will invest $232 million to increase the production capacity of ZYN nicotine pouches at its Owensboro, Kentucky plant to meet rising demand. The investment will be made through one of PMI's Swedish Match affiliates, following a recent $600

Republican presidential nominee Donald Trump revealed on Tuesday that he is reintroducing a new series of digital trading cards, featuring himself in various scenarios such as dancing, dressed in a superhero outfit, and holding bitcoin. This "America First Collection" is part of Trump's ongoing series of

Democratic nominee Vice President Kamala Harris has committed to prioritizing the construction of a wall along the U.S.-Mexico border if she wins the presidential election in November—a stance long championed by her Republican opponent, former President Donald Trump. Harris, who previously opposed the border wall, often criticizing

Former President Donald Trump has expanded his presidential transition team by adding former campaign rival Robert F. Kennedy Jr. and former Democratic Representative Tulsi Gabbard, a spokesperson confirmed on Tuesday. Both Kennedy and Gabbard publicly endorsed Trump over the past week in his contest against Vice President Kamala Harris, the

The Russian government has revealed plans to begin regulated trials of cryptocurrency exchanges for cross-border payments, set to launch on September 1, 2024. According to insiders familiar with the initiative, Russia will leverage its National Payment Card System (NPCS) to convert rubles into cryptocurrencies for international transactions. The NPCS, which

Democratic Governor Gavin Newsom, a prominent supporter of President Joe Biden and Vice President Kamala Harris, hasn’t yet confirmed whether he’ll sign the bill if it clears the statehouse by the August 31 deadline. His decision may come while Republican nominee Donald Trump continues to criticize Harris for

An airplane tire on a Boeing, $BA, 757-200 reportedly just exploded during maintenance killing 2 Delta, $DAL, employees in Atlanta. Two people have died following an explosion of a Delta airplane tire while it was being changed at Hartsfield-Jackson Atlanta International Airport. The victims, a Delta employee and a contractor,

A popular Airbnb host recently had to introduce an unusual new rule for her rental property: no crypto-mining. The decision came after guests left her with a $1,500 electric bill during their stay, having brought in at least ten computers and even setting up an impromptu electric vehicle charging

Stocks may be on the verge of a significant rally, not seen in three decades, according to Paul Christopher, head of global investment strategy at Wells Fargo. He noted similarities between the current market and the stock boom of 1995, when the S&P 500 hit 77 all-time highs.

Across Florida, aging condominium buildings are grappling with rising expenses and millions in structural repairs to comply with new regulations enacted after the Champlain Towers collapse, which claimed 98 lives in 2021. While the new building requirements aim to prevent similar tragedies, the costs are pushing many condo owners to

Meta Platforms CEO Mark Zuckerberg revealed that the Biden administration had pressured his company to "censor" COVID-19-related content during the pandemic. This likely refers to the White House's requests to remove misinformation about the virus and vaccines. In an Aug. 26 letter to the U.S.

A groundbreaking proposal in California could make undocumented immigrants eligible for state-supported home loans up to $150,000, just as immigration becomes a heated issue in the presidential election. The bill is expected to pass the California Legislature, where Democrats hold a supermajority, in a state that has the highest

Boeing, $BA, employees are “humiliated” after NASA announced that two astronauts who have been stranded on the International Space Station by the company’s troubled Starliner space capsule will have to be rescued by SpaceX, per NYP. NASA officials announced on Saturday that the two Boeing Starliner astronauts, who have

Reddit, RDDT, CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income During an earnings call, Reddit CEO Steve Huffman mentioned that the company plans to test AI-powered search results later this year, hinting at the potential

The Greater Toronto Area (GTA) real estate market is facing significant turmoil, with an oversupply of homes and properties selling at considerable losses. A new report from real estate listing platform Wahi reveals that most neighborhoods in and around Toronto are seeing homes sell for less than the asking price,

Canada announced on Monday that it would impose a 100% tariff on Chinese electric vehicles (EVs) and a 25% tariff on imported steel and aluminum from China, following the actions of the United States and the European Union. These tariffs will apply to all EVs imported from China, including those

California has now lost all of the tech-sector jobs it gained during the boom of 2021/2022, per Joey Politano. The state now has fewer tech jobs than it did pre-pandemic. The US economy added 206,000 jobs in June, according to the Bureau of Labor Statistics report on Friday,

The milestone was reached on Friday when the spot price of gold exceeded $2,500 per troy ounce. With gold bars typically weighing 400 troy ounces, a standard bar is now worth one million dollars. Gold’s remarkable rise continued into the week, with spot prices hitting an all-time high

Brian Niccol is poised to receive a significant financial package as he steps into the role of Starbucks' next CEO, earning far more than most employees in the company's coffee shops. According to a filing made by Starbucks with the SEC on Wednesday, Niccol could potentially earn

Pavel Durov, the founder and CEO of Telegram, was arrested in Paris on August 24 and is now facing 12 charges. These range from facilitating illegal online transactions to involvement in the distribution of child pornography. His arrest follows a judicial investigation that began on July 8, initiated after a

U.S. households will soon be able to order up to four COVID-19 nasal swab tests through the federal program, as stated on the website COVIDtests.gov. While the U.S. Department of Health and Human Services (HHS) has not yet specified when ordering will begin, the tests will be