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Economy

Longtime Walmart CEO to step down in January

November 18, 2025

Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to […]

Economy

More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

November 15, 2025

More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company. The strike was intended to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018, Starbucks has given out free, […]

Economy

October monthly job cuts surged to a 22-year high

November 7, 2025

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release. From January through the […]

Economy

Yum Brands begins strategic review for struggling Pizza Hut chain

November 5, 2025

Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer. “Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may […]

Economy

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 4, 2025

Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States. Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%. Kenvue has been under a strategic […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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. […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Browse category by Economy

Longtime Walmart CEO to step down in January

More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

October monthly job cuts surged to a 22-year high

Yum Brands begins strategic review for struggling Pizza Hut chain

Kimberly-Clark to buy Kenvue in $48.7 billion deal

Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

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

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

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

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

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

Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

LendingTree founder and CEO Doug Lebda dies in ATV accident

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

China outlines more controls on exports of rare earths and technology

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