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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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Economy

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 […]

Browse category by Economy

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

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

YouTube to pay $24 million to settle Trump lawsuit

Nearly 200,000 BMWs recalled over potential fire risk

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

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

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