Bolsonaro Declares ‘War’ on State Oil Company

Brazilian President Jair Bolsonaro declared “war” on government oil company Petrobras during a live broadcast online on Thursday evening over what he called “absurd” profits that were tantamount to the “rape” of the Brazilian people. Petrobras is a mostly government-owned oil company with some private … Read More

Feds accuse Starbucks of unfair labor practices in Buffalo

BUFFALO, N.Y. (AP) — Federal labor officials filed a sweeping complaint Friday accusing Starbucks of unfair labor practices at its stores in Buffalo, New York, including retaliation against pro-union employees. The National Labor Relations Board’s Buffalo regional director outlined a host of labor law violations … Read More

Investors Rush Into Defensive ETFs as Market Turbulence Grows

Jittery investors are pouring money into exchange-traded funds tied to defensive sectors, seeking safety in a market that continues to be whipsawed by worries about rising interest rates. Net inflows into defensive ETFs—or those related to the consumer staples, healthcare, utilities and real-estate sectors, along … Read More

Rapid Pace of U.S. Job Growth Stretched Into April

The U.S. labor market extended a run of rapid job growth last month despite jittery markets and increased economic uncertainty, as employers rushed to serve waves of consumers who are shopping, dining out and traveling more. The economy added 428,000 jobs in April, duplicating March’s … Read More

Elon Musk denies claim Trump told him to buy Twitter

Elon Musk on Friday rebuffed claims that former president Trump “encouraged” Musk’s takeover of Twitter. Driving the news: “This is false. I’ve had no communication, directly or indirectly, with Trump, who has publicly stated that he will be exclusively on TRUTH Social,” Musk wrote on … Read More