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Economy

The architect of Amazon’s supply chain on running a startup with your spouse

February 5, 2026

For at least two decades, former Amazon executive Dave Clark ended his work week the same way: a standing Friday date night with his wife, Leigh Anne. Over dinner, the Clarks would talk through the “peak and pit” of their weeks. The ritual often revolved around Amazon, where Clark played a central role in building […]

Economy

Trump administration alleges Nike discriminated against white workers

February 5, 2026

The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers. The agency that polices discrimination in the workplace filed an action in federal court in Missouri to compel the publicly traded athletic shoe and apparel giant to produce information in response to a subpoena the agency […]

Economy

Elon Musk’s SpaceX acquires xAI

February 4, 2026

SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk. Musk in a news release said that the combination would aim to pursue AI data centers in outer space. The deal comes on the verge of SpaceX’s highly […]

Economy

Amazon slashes another 16,000 jobs

January 30, 2026

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people […]

Economy

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

January 27, 2026

President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons. ‘While we regret President Trump has sued us, we believe the suit has no merit,’ a JPMorgan Chase spokesperson said. ‘We respect the President’s right to […]

Economy

Valentino, founder of Italian luxury empire, dies at 93

January 21, 2026

ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was 93, and had retired in 2008. Founder of the eponymous brand, Valentino scaled the heights of haute couture, created a business empire and introduced a new color to the fashion world, the ‘Valentino […]

Economy

Saks files for bankruptcy as luxury market struggles

January 16, 2026

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since the Covid pandemic, and casts […]

Economy

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 11, 2026

Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of the streaming and cable giant. The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to […]

Economy

Trump Media to merge with nuclear fusion company

December 21, 2025

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion. Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl […]

Economy

Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

December 4, 2025

Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional ‘Trump Accounts’ for children across the country. These accounts will be seeded with $250 each, and available for children who missed the eligibility cutoff for the $1,000 federally funded ‘Trump Accounts’ for babies born after […]

Economy

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

December 4, 2025

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The highly anticipated deal is expected […]

Economy

Shopify says a daylong Cyber Monday outage has been resolved

December 4, 2025

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day. Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system. Businesses that run on Shopify also had […]

Economy

Apple’s AI chief abruptly steps down

December 3, 2025

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday. John Giannandrea had been at Apple since 2018, where his official title was senior vice president for machine learning and AI strategy. He will be replaced by Amar Subramanya, who comes to Apple after a brief stint as […]

Economy

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

December 3, 2025

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday. The company will also pay $3.4 million in civil penalties under the agreement with the city’s Department of Consumer and Worker Protection. It also […]

Economy

Airbus says most of its recalled 6,000 A320 jets are now modified

December 2, 2025

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing. Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by […]

Browse category by Economy

The architect of Amazon’s supply chain on running a startup with your spouse

Trump administration alleges Nike discriminated against white workers

Elon Musk’s SpaceX acquires xAI

Amazon slashes another 16,000 jobs

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

Valentino, founder of Italian luxury empire, dies at 93

Saks files for bankruptcy as luxury market struggles

Warner Bros. Discovery rejects Paramount’s amended takeover offer

Trump Media to merge with nuclear fusion company

Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

Shopify says a daylong Cyber Monday outage has been resolved

Apple’s AI chief abruptly steps down

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Airbus says most of its recalled 6,000 A320 jets are now modified

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