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Economy

Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

June 13, 2025

LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy. The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s […]

Economy

U.S. online stores put ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

June 12, 2025

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs. The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim […]

Economy

U.S. online stores put up ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

June 12, 2025

Economy

‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

June 11, 2025

LONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week. The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry. “The amount of infrastructure required […]

Economy

Chipotle to launch Adobo Ranch dip after sluggish start to the year

June 11, 2025

Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales. On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu item is Chipotle’s first new dip since queso blanco, which launched […]

Economy

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

June 11, 2025

Walmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards with a bank partner for customers of the world’s biggest retailer. OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said. OnePay, […]

Economy

Tesla stock sinks as Musk and Trump ridicule each other

June 9, 2025

One day after seeing their largest-ever one-day drop, Tesla shares recovered some losses Friday as the spat between CEO Elon Musk and President Donald Trump that exploded into public view Thursday took appeared to take a breather heading into the weekend. Shares in the electronic vehicle maker gained as much as 5% amid broader market […]

Economy

Trump implies government could cut contracts and subsidies to Musk’s companies

June 8, 2025

President Donald Trump has escalated his sudden rupture with Elon Musk by implying the government could sever ties with the tech titan’s businesses. ‘The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it,’ Trump […]

Economy

Procter & Gamble to cut 7,000 jobs as part of broader restructuring

June 7, 2025

Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the […]

Economy

This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

June 6, 2025

As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits. Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, […]

Economy

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

June 6, 2025

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows. Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at […]

Economy

McDonald’s Snack Wrap is officially making a permanent return

June 5, 2025

Snacktime is nigh at the Golden Arches. On June 3, McDonald’s announced exactly when the Snack Wrap will return to partipating restaurants nationwide: July 10. And, thankfully, it’s not a limited-time offer, either — it’s here for good. The Snack Wrap, which has been off menus for almost a decade, features one of the chain’s […]

Economy

Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

June 5, 2025

A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week. The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta […]

Economy

OpenAI tops 3 million paying business users, launches new features for workplace

June 5, 2025

OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year. The 3 million users […]

Economy

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

June 4, 2025

Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years. Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region […]

Browse category by Economy

Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

U.S. online stores put ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

U.S. online stores put up ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

Chipotle to launch Adobo Ranch dip after sluggish start to the year

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

Tesla stock sinks as Musk and Trump ridicule each other

Trump implies government could cut contracts and subsidies to Musk’s companies

Procter & Gamble to cut 7,000 jobs as part of broader restructuring

This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

McDonald’s Snack Wrap is officially making a permanent return

Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

OpenAI tops 3 million paying business users, launches new features for workplace

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

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