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Economy

Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services

March 29, 2025

Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, […]

Economy

Trump signs executive order to end collective bargaining at agencies involved with national security

March 29, 2025

President Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law. The order, signed without public fanfare and announced late Thursday, appears to touch most of the federal government. Affected agencies include the Departments of State, […]

Economy

Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending

March 29, 2025

Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower U.S. traffic at Lululemon and […]

Economy

FCC is investigating Disney and ABC for DEI initiatives

March 29, 2025

The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant. The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been […]

Economy

Chinese tea chain Chagee files for U.S. initial public offering

March 28, 2025

Chinese tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its first U.S. store in the Westfield Century City mall in Los Angeles this spring. Since its founding in 2017, the company […]

Economy

Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes

March 28, 2025

Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% of its business […]

Economy

Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

March 28, 2025

Oil executives are warning that President Donald Trump’s tariffs and “drill, baby, drill” message have created uncertainty in energy markets that is already affecting investment. The executives, shielded by anonymity, bluntly criticized Trump in their responses to a survey conducted by the Federal Reserve Bank of Dallas from March 12 to March 20. “The administration’s chaos is a […]

Economy

Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge

March 27, 2025

For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest. An anonymous employee from aviation training company FlightSafety International, a subsidiary of Buffett’s Berkshire, won the annual internal bracket contest after correctly calling 31 of the 32 games in the first round of […]

Economy

Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout

March 27, 2025

Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon add Affirm to their checkout pages, according to a release. Consumers will have access to loans ranging from 30 days […]

Economy

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns around loans for takeout

March 26, 2025

DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way. The announcement has drawn a flurry of criticism on social media, less directed at the companies themselves than questioning what the need to use a […]

Economy

23andMe files for bankruptcy as co-founder Anne Wojcicki resigns as CEO

March 25, 2025

Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night. The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive effective immediately, though she will remain a member of the board. Joseph Selsavage, 23andMe’s chief financial and accounting officer, will […]

Economy

Bitcoin is just another tech stock, not a market hedge, study shows

March 25, 2025

Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard Chartered. Bitcoin’s correlation with the Nasdaq is currently at about 0.5, after it approached 0.8 earlier this year, according to the bank. Meanwhile, its correlation […]

Economy

Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

March 22, 2025

Investors have closely watched Nvidia’s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications. The event comes at a pivotal time for Nvidia shares. After two years of monster gains, the stock is down 15% over the past month and 22% below the January all-time […]

Economy

Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

March 22, 2025

Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years. At Nvidia’s “Quantum Day” event, part of the company’s annual GTC Conference, Huang admitted that his comments came out wrong. “This is the first event […]

Economy

Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

March 21, 2025

Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections. Shares of the company were up in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Darden reported fiscal third-quarter net income of $323.4 million, or $2.74 […]

Browse category by Economy

Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services

Trump signs executive order to end collective bargaining at agencies involved with national security

Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending

FCC is investigating Disney and ABC for DEI initiatives

Chinese tea chain Chagee files for U.S. initial public offering

Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes

Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge

Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns around loans for takeout

23andMe files for bankruptcy as co-founder Anne Wojcicki resigns as CEO

Bitcoin is just another tech stock, not a market hedge, study shows

Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

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