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Economy

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 4, 2025

Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability. Still, the brewer reiterated its forecast for fiscal 2026, showing confidence that it can hit its financial targets despite the weaker-than-expected quarterly performance and higher duties. Shares of the company […]

Economy

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025

In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture to connect with their core customers. “Essence Fest is like my Black Friday,” said Rochelle Ivory, owner of beauty brand On the Edge Baby Hair. […]

Economy

As his feud with Trump reignites, Musk’s business with the government is back in the crosshairs

July 3, 2025

Elon Musk and President Donald Trump are fighting again. Now Musk’s business interests — and the billions in government contracts they enjoy — are once again in the crosshairs. Investors were already punishing Tesla on Tuesday, sending shares in the electric carmaker more than 4% lower in afternoon trading. The stock has experienced a late-spring […]

Economy

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 3, 2025

Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at Snap, according to a lawsuit filed in California last week. In the June 24 court filing, Apple accuses Di Liu, a senior design engineer, of downloading thousands of documents in his final […]

Economy

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC. The announcement comes on the second day of Microsoft’s 2026 fiscal year. Executives at the Redmond, Washington-based […]

Economy

Clean energy stocks fall as Trump bill would tax components from China, phase out credits

July 2, 2025

Clean energy stocks fell Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and abruptly phases out key credits. Shares of NextEra Energy, the largest renewable developer in the U.S., fell 4%. Solar stocks Array Technologies, Enphase and Nextracker were down between 1% and 9%. […]

Economy

Lululemon sues Costco over selling alleged dupes

July 2, 2025

Love your Costco dupes? Lululemon is coming after them. Lululemon has filed a lawsuit against Costco, accusing the big box store of selling knockoffs of the athleisure brand’s apparel for a fraction of the price. According to the complaint filed Friday in the Central District of California, Costco allegedly ‘unlawfully traded’ on Lululemon’s ‘reputation, goodwill […]

Economy

Microsoft says goodbye to the Windows blue screen of death

July 1, 2025

It’s a bittersweet day for Windows users. Microsoft is scrapping its iconic “blue screen of death,” known for appearing during unexpected restarts on Windows computers. The company revealed a new black iteration in a blog post on Thursday, saying that it is “streamlining the unexpected restart experience.” The new black unexpected restart screen is slated […]

Economy

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

July 1, 2025

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals. Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%. As part of the deal, the Home Depot-owned […]

Economy

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

July 1, 2025

Economy

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

July 1, 2025

Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant′s first commercial commitment to fusion. The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion […]

Economy

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act. The new policies are a complicated system of fees and programs for app makers, with some developers […]

Economy

Bumble shares jump 26% as dating company plans to axe 30% of workforce

June 27, 2025

Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles. The layoffs will result in $13 million to $18 million in charges for the company hitting in the third and fourth quarters of this […]

Economy

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

June 27, 2025

The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season. While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up […]

Economy

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

June 27, 2025

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards. Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping […]

Browse category by Economy

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

As his feud with Trump reignites, Musk’s business with the government is back in the crosshairs

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Microsoft laying off about 9,000 employees in latest round of cuts

Clean energy stocks fall as Trump bill would tax components from China, phase out credits

Lululemon sues Costco over selling alleged dupes

Microsoft says goodbye to the Windows blue screen of death

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Bumble shares jump 26% as dating company plans to axe 30% of workforce

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

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