Browse category by Economy

Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

Barbie, Monopoly toymakers see bright holiday season despite tariff pressure


October 29, 2025
President Donald Trump’s tariffs are hitting toy giants Mattel and Hasbro as the critical holiday season nears. Still, both companies see a successful year end ahead. “This quarter, our U.S. business was again challenged by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz said on Mattel’s recent earnings call. “That said, consumer demand for […]
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster


October 26, 2025
Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The […]
Trump’s Argentina beef import plan will harm U.S. ranchers, industry warns

Trump’s Argentina beef import plan will harm U.S. ranchers, industry warns


October 24, 2025
The American cattle ranching industry is blasting President Donald Trump’s proposal to purchase beef from Argentina in an effort to lower supermarket beef prices. “This plan only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices,” Colin Woodall, CEO of the National Cattlemen’s […]
Travis Kelce part of investor group aiming to revive struggling Six Flags

Travis Kelce part of investor group aiming to revive struggling Six Flags


October 24, 2025
A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to improve the struggling amusement park operator’s business. Jana said Tuesday that the investor group now owns an economic […]
X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA


October 24, 2025
Card-reading contact lenses, X-ray poker tables, trays of poker chips that read cards, hacked shuffling machines that predict hands. The technology alleged to have been used to execute a multistate, rigged poker operation sounds like it’s straight out of Hollywood. And those were only some of the gadgets that authorities say were used to swindle […]
Customers sue sneaker company On over shoes that cause ‘noisy and embarrassing squeak’

Customers sue sneaker company On over shoes that cause ‘noisy and embarrassing squeak’


October 21, 2025
Customers of the athletic shoe company On have filed a class action lawsuit alleging that some of the brand’s sneakers squeak embarrassingly loudly when they walk. The class action suit, filed in the U.S. district court in Portland — where On’s U.S. headquarters is located — on October 9, targets On’s shoes made with ‘CloudTec’ technology. […]
Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO


October 18, 2025
MILAN — Giorgio Armani has appointed deputy managing director Giuseppe Marsocci as chief executive with immediate effect, the Italian fashion house said on Thursday, confirming media reports. Marsocci, who has been with the company for 23 years, serving as global chief commercial officer for the past six years, steps into the role previously held by […]
LendingTree founder and CEO Doug Lebda dies in ATV accident

LendingTree founder and CEO Doug Lebda dies in ATV accident


October 16, 2025
LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership “deeply mourns his passing” while extending condolences to the executive’s loved ones. “Doug was a visionary leader whose […]
UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems

UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems


October 13, 2025
Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration. As packages flagged for customs issues pile up in UPS warehouses, the company told NBC News it has begun “disposing of” some shipments. Frustrated UPS customers describe […]
China outlines more controls on exports of rare earths and technology

China outlines more controls on exports of rare earths and technology


October 11, 2025
HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the Ministry of […]
Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News


October 8, 2025
The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief. Weiss launched The Free Press in 2021 with her wife, Nellie Bowles, and her sister, Suzy Weiss. They have presented the publication as a heterodox alternative […]
YouTube to pay $24 million to settle Trump lawsuit

YouTube to pay $24 million to settle Trump lawsuit


October 2, 2025
YouTube said Monday it would settle a lawsuit brought by President Donald Trump for more than $24 million, adding to a growing list of settlements with tech and media companies that have amassed millions of dollars for Trump’s projects. Trump sued after his YouTube account was banned in 2021. After the Jan. 6 riot, YouTube […]
Nearly 200,000 BMWs recalled over potential fire risk

Nearly 200,000 BMWs recalled over potential fire risk


October 1, 2025
The owners of nearly 200,000 BMWs should park their vehicles outside because they risk catching fire while parked or being driven, the National Highway Traffic Safety Administration announced Friday. The vehicle models affected include 2019-22 Z4; 2019-21 330I; 2020-22 X3; 2020-22 X4; 2020-22 530I; 2021-22 430I standard and convertible; 2022 230I; and roughly 1,500 20-2022 […]
Video game maker Electronic Arts to be acquired for $52.5 billion

Video game maker Electronic Arts to be acquired for $52.5 billion


October 1, 2025
Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms. The private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners […]
Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup


October 1, 2025
Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served. Javice, 33, was sentenced in Manhattan federal court for her […]