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Economy

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

February 20, 2025

Coca-Cola is launching a prebiotic soda brand called Simply Pop, taking on upstarts Olipop and Poppi. Starting in late February, consumers on the West Coast and in the Southeast will be able to try Coke’s iteration of the trendy drink. Soda consumption has broadly fallen in the U.S. over the last two decades, hurt by health […]

Economy

Argentine President Milei faces impeachment calls for promoting cryptocurrency that tanked

February 20, 2025

Argentine President Javier Milei is facing withering criticism, including some calls for impeachment, after promoting a new cryptocurrency on his social media account. In a since-deleted post from his personal account on X on Feb. 14, Milei shared a link to a site where users could purchase a cryptocurrency called $LIBRA, a coin attached to […]

Economy

KFC moves U.S. headquarters from Kentucky to Texas

February 20, 2025

KFC is leaving Kentucky. The fried chicken chain’s U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum Brands said Tuesday. About 100 KFC U.S. employees will be required to relocate over the next six months. The relocation is part of Yum’s broader plan to have two corporate headquarters: one in Plano, the other in […]

Economy

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 20, 2025

Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing Market Index (HMI) dropped a sharp 5 points from January to a reading of 42. Anything below 50 is considered […]

Economy

How crazy popcorn buckets became big business for movie theaters

February 20, 2025

For decades, popcorn has been a staple of the movie theater experience and exhibitors’ bottom lines. Now, the receptacle it comes in is becoming just as important. As recently as three years ago, AMC Entertainment didn’t sell any merchandise. Last year it hawked novelty popcorn buckets, drink sippers and T-shirts to the tune of about $65 million […]

Economy

Trump Media sues Brazil Supreme Court judge who battled Elon Musk

February 20, 2025

Trump Media and its fellow conservative-oriented social media company Rumble on Wednesday sued a Brazil Supreme Court justice whose clash last year with Elon Musk led to the blocking of Musk’s own social media firm, X, in that country. The Tampa, Florida, federal court lawsuit accuses Justice Alexandre de Moraes of allegedly illegal attempts to censor a “well-known politically outspoken user” of Rumble with orders […]

Economy

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

February 19, 2025

During Mettler-Toledo’s earnings call earlier this month, executives found themselves fielding a barrage of questions about one key topic: tariffs. The Ohio-based maker of industrial scales and laboratory equipment had already opened the call by breaking down the expected impact from President Donald Trump’s still-evolving trade policy. But when the event transitioned to the question-and-answer portion, the inquiries […]

Economy

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

February 19, 2025

A law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware corporate law, according to a person directly familiar with the drafting of the bill. The proposed legislation, drafted by Richards, Layton & Finger, or RLF, would amend Delaware General Corporation Law, and if adopted, could pave the way for […]

Economy

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

February 18, 2025

The new year for brick-and-mortar retailers is picking up right where 2024 left off, as a slew of stalwart brands are set to shutter dozens of store locations amid shifting consumer patterns. The latest crop of closures are being led by fabrics and crafts retailer Joann, which said this week it was shuttering 500 locations […]

Economy

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

February 18, 2025

Italo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of Raleigh to earn some extra cash. The past month has been unlike any other during his three-year tenure at the company. Now, when he shows up for his shift at the […]

Economy

Denny’s set to close dozens more locations this year, though some openings planned too

February 16, 2025

Breakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options. On an earnings call Wednesday, CFO Robert Verostek said the closures would incorporate a mix of poorly performing restaurants and ones with expiring leases. According to industry publication Restaurant Dive, the new closures represent […]

Economy

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

February 15, 2025

DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies on South Korea and Japan. The East Asian countries produced a combined 16.8% of vehicles sold last year in the U.S., including a record 8.6% from South Korea […]

Economy

As retailers drop DEI programs, Black founders could face obstacles to staying on shelves

February 15, 2025

Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the most storied labels in the fashion and beauty world, including Prada and Dior. For the Black-owned brand, getting a retailer to bet on it was just the start, Brown Girl Jane CEO and co-founder Malaika Jones said. She said […]

Economy

Grocery stores are rationing eggs as supply falls and prices rise

February 15, 2025

Egg rationing is here. With prices rising rapidly and showing no signs of slowing anytime soon, some of the nation’s biggest grocery store chains — including Trader Joe’s, Walmart and Costco — have begun limiting the amount of eggs individual consumers can buy. This time last year, the average price for a dozen eggs was around […]

Economy

Retail sales slumped 0.9% in January, down much more than expected

February 15, 2025

Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality but […]

Browse category by Economy

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

Argentine President Milei faces impeachment calls for promoting cryptocurrency that tanked

KFC moves U.S. headquarters from Kentucky to Texas

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

How crazy popcorn buckets became big business for movie theaters

Trump Media sues Brazil Supreme Court judge who battled Elon Musk

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

Denny’s set to close dozens more locations this year, though some openings planned too

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

As retailers drop DEI programs, Black founders could face obstacles to staying on shelves

Grocery stores are rationing eggs as supply falls and prices rise

Retail sales slumped 0.9% in January, down much more than expected

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