Money

Candy Sold on QVC Might Be Contaminated With Hepatitis A, FDA Warns

The FDA is warning customers that a candy they purchased from QVC might be contaminated with Hepatitis A. The issue pertains to Bauer’s Candies’ famous Modjeskas, which are individually-wrapped marshmallow candies that have been either dipped in chocolate or caramel. A facility worker where the candy is made recently tested positive for Hepatitis A, a …

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Trump’s $5 Billion Wall Is a Waste—Here’s What We Could Spend It on Instead

The federal government shutdown has passed the two-week mark, with no end in sight. As federal workers and contractors face another week scraping by without pay, President Donald Trump on Tuesday night addressed the American public with an Oval Office speech in which he doubled down over his demand for a border wall and demonstrated …

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No IPOs, Small Business Loans, or New Craft Beer: How the Government Shutdown Is Hurting Business

The partial government shutdown is having an obvious impact on federal employees–everyone needs to get paid–but it’s also having an increasing impact on businesses, with warning signs coming from a variety of sectors. Bankers and lawyers are reporting that some planned IPOs are being pushed back because of the partial closure of the Securities and …

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Apple Reportedly Slashes iPhone Production Yet Again

More depressing news for Apple investors reeling from the recent downward revenue forecast for the last quarter of 2018: Apple has reportedly cut its iPhone production for the current quarter by 10%. According to Nikkei Asian Review, Apple requested the production decimation late last month, before the market-shocking guidance revision that walloped the firm’s share …

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The Government Shutdown Won’t Threaten February Food Stamps After All

Amid the ongoing government shutdown, the Trump administration assuaged fears around funding for food stamps on Tuesday, promising that the Agriculture Department would be able to continue to provide the service to low-income Americans for the month of February. Officials had earlier warned that funding for the program would run out in January, which could …

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AT&T Is Preparing for a ‘Significant’ Round of Layoffs, Report Says

AT&T is preparing another round of “significant” layoffs, according to a report from Vice’s Motherboard on Tuesday. Motherboard cited internal documents at the telecommunications giant that said AT&T is planning for a “geographic rationalization” that would consolidate some operations in 10 locations, including New York, California, and Texas. “To win in this new world, we …

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