business

Spirits and beer giant Diageo saw billions wiped off its market value after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits.

A ruling prohibiting the enforcement of a new Florida law targeting drag shows will stay in place for the time being.

The Republican-controlled House Commerce Committee voted 13-5 to approve the plan, as lawmakers entered the next-to-last week of the annual legislative session.

With this year’s regular legislative session starting March 7, Associated Industries of Florida brought together lawmakers, lobbyists and representatives of business groups to discuss a series of ideas for reducing lawsuits and legal damages.

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

Visit Florida President and CEO Dana Young last week expressed concerns that global inflation and lengthy visa-processing times could affect the final numbers for 2022 and tourism in 2023.

The Labor Department has cited Amazon for failing to keep workers safe at three warehouses. Federal safety inspectors found workers at high risk of lower back injuries and musculoskeletal disorders.

Employers say that noncompete agreements are needed to protect trade secrets and investments. The FTC says they deprive workers of their economic liberties and has proposed a rule to ban them.

The layoffs represent the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.

BlockFi was one of the companies that FTX bailed out in recent months. Now it's a clear sign that contagion from FTX's collapse is spreading throughout the crypto industry.

The $25-billion deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket colossus at a time of soaring food costs.

Goodwillfinds launched Tuesday with roughly 100,000 items available online. The venture will help fund its community-based programs across the U.S. and increase donations and its customer base.