MoneyWatch

Adidas is investigating a report that rapper-turned-fashion designer Ye, formerly known as Kanye West, engaged in sexually harassing behavior while working with the German sports apparel company on his Yeezy shoe line. Adidas, which had partnered with Ye since 2013, terminated the deal last month over his antisemitic comments on social …

Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher for $2.2 billion, a proposed sale a federal judge already had blocked last month. Paramount Global also announced Monday that it still plans to sell Simon & Schuster, a nearly century-old company where …

New Twitter owner Elon Musk said the company has seen a “massive drop” in revenue, blaming civil rights and other advocacy groups for scaring off advertisers as he moves fast to put his imprint on the social media platform. Numerous advertisers have paused their spending on Twitter as the Tesla …

Benefits make up more than 30% of the typical job’s compensation, according to the U.S. Bureau of Labor Statistics. But figuring out what your benefits are worth isn’t always easy. You may need to do a little digging to find how much your employer contributes toward health insurance, retirement plans …

The cruise industry is still in recovery mode, but that’s not stopping Royal Caribbean from looking to make a very big splash. The cruise operator is selling tickets for what will be the largest passenger ship to sail the seven seas.  Although the maiden voyage of the “Icon of the …

Facebook parent Meta is cutting staff for the first time in its history, according to multiple media reports. CEO Mark Zuckerberg told employees Thursday that the 18-year-old company would freeze hiring and reduce budgets for most teams, with Meta expecting to end the year with fewer employees, Bloomberg reported. As …

Stocks closed sharply lower on Wall Street and bond yields rose after the Federal Reserve stepped up its fight against inflation by sharply raising interest rates. The S&P 500 lost 66 points, or 1.7%, on Wednesday to end at 3,789 points. The Dow Jones Industrial Average also fell 1.7%, while …

Inflation in August slowed for a second straight month, although prices remain near a four-decade high as costs for items such as food and rent continue to climb. The Consumer Price Index increased 8.3% in the past 12 months, as rising prices for groceries, shelter and medical care offset tumbling …

Although the Biden administration’s plan to forgive federal student loans has centered on the government erasing $20,000 in debt, other provisions could have an even bigger impact on students and college graduates. In perhaps the most significant change, the Department of Education is expected to propose a rule that would ensure …

Economic recessions may seem like a tidal wave: You can see them coming from a mile away — the problem is getting out of their path.  As Americans brace for another possible downturn, experts note that while they have common features, no two recessions are precisely alike. Some slumps, like …