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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 […]

Economy

Tariffs would be ‘catastrophic’ for sales of tequila and mezcal, industry group says

February 14, 2025

The U.S. spirits industry maintained its market share leadership over beer and wine for a third straight year in 2024, even as revenues slid, according to new data released Tuesday. Spirits supplier sales in the U.S. fell 1.1% last year to a total of $37.2 billion, while volumes rose 1.1%, according to the annual U.S. […]

Economy

How America’s chief consumer-protection agency came into the Trump administration’s crosshairs

February 14, 2025

When the Consumer Financial Protection Bureau made an appearance in the Heritage Foundation’s Project 2025 blueprint, the conservative group’s plan was simple: Abolish it entirely. Now, with a Project 2025 co-author in charge of the bureau, that idea looks like a real possibility. Over the weekend, Russ Vought, President Donald Trump’s pick to head the […]

Economy

With Trump all-in on crypto, bitcoin bulls bet America’s corporate balance sheets are next

February 14, 2025

Last week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the Trump administration. While that will include stablecoin legislation and digital asset regulation, Sacks told CNBC that a top agenda idea is also evaluating “whether it’s feasible to create either a bitcoin reserve […]

Economy

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo

February 13, 2025

ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder Alexis Ohanian’s Seven Seven Six VC firm, NBA star Giannis Antetokounmpo, former Formula 1 champion Nico Rosberg, and soccer star […]

Economy

Google says U.S. is facing a power capacity crisis in AI race against China

February 13, 2025

The U.S. is facing a power capacity crisis as the tech sector races against China to achieve dominance in artificial intelligence, an executive leading the energy strategy of Alphabet’s Google unit said this week. The emergence of China’s DeepSeek artificial intelligence firm sent the shares of major power companies tumbling in late January on speculation that its […]

Economy

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

February 13, 2025

Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with a Super Bowl ad on Sunday. Both have attracted […]

Economy

Google says U.S. faces a power capacity crisis in AI race against China

February 13, 2025

Economy

Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports

February 12, 2025

Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk’s attorney, Marc Toberoff, said he submitted the offer on Monday. The WSJ cited a […]

Economy

GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor

February 11, 2025

Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin. GameStop, day traders’ favorite meme stock, climbed more than 7%, while MicroStrategy, which recently rebranded as “Strategy,” saw shares rising as much as 4%. […]

Browse category by Economy

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

Tariffs would be ‘catastrophic’ for sales of tequila and mezcal, industry group says

How America’s chief consumer-protection agency came into the Trump administration’s crosshairs

With Trump all-in on crypto, bitcoin bulls bet America’s corporate balance sheets are next

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo

Google says U.S. is facing a power capacity crisis in AI race against China

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Google says U.S. faces a power capacity crisis in AI race against China

Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports

GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor

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