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Economy

Walmart boosts sales outlook as it says tariff costs are rising

August 22, 2025

Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs. The big-box retailer topped Wall Street’s quarterly sales estimates but fell short of earnings expectations, the first time it missed on quarterly earnings since […]

Economy

Group accused of using fake accounts to buy tickets to Taylor Swift and Springsteen shows

August 20, 2025

A ticket-reselling operation used a network of fake accounts to bypass Ticketmaster’s security protocols to grab hundreds of thousands of tickets to hugely popular tours for artists like Taylor Swift and Bruce Springsteen and then re-sold them for millions, federal regulators said Monday. The Federal Trade Commission alleges the operation used illicit software that masked […]

Economy

Best Buy launches third-party marketplace as it looks for sales drivers

August 20, 2025

Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales. Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that weren’t available there before, including more tech-related accessories like custom video game controllers and […]

Economy

Apple just landed a key win for the global encryption fight

August 20, 2025

Apple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data. The iPhone maker won’t be alone to rejoice in the outcome. The development came after extensive talks between Britain and […]

Economy

Playboy moving its headquarters to Miami Beach and opening a new club

August 17, 2025

MIAMI BEACH, Fla. — Playboy plans to relocate its global headquarters from Los Angeles to Miami Beach and open a Playboy club there. The Miami Beach headquarters at the top of a luxury office building will include studios to support Playboy’s “growing creator network” and the club will have a restaurant as well as a […]

Economy

Apple Watch getting redesigned blood oxygen feature following legal dispute

August 16, 2025

Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a yearslong intellectual property dispute over the capability. Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10 and Apple Watch Ultra 2 users on Thursday. The update was possible because of a recent U.S. […]

Economy

Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

August 16, 2025

Warren Buffett’s Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company’s current reputation, but perhaps not considering his history of bargain investing. The Omaha-based conglomerate bought more than 5 million shares in the health care firm for a stake worth […]

Economy

Lyft co-founders to step down from ride-hailing firm’s board

August 16, 2025

Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to […]

Economy

Ulta and Target will end deal for in-store beauty shops next year

August 15, 2025

Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores. Shares of Target fell about 2% in early trading, while Ulta’s stock slid about 1%. In a news release, the companies said the partnership — which also added some of […]

Economy

The CEO in chief: How Trump is getting what he wants from big business

August 15, 2025

For years, conservative groups and corporate leaders argued that the U.S. government would be better if it were run like a business. For President Donald Trump, who has controlled his own businesses for decades, that looks like taking an increasingly active role in individual corporations’ affairs, from manufacturing to media to tech firms. And corporations […]

Economy

Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations

August 13, 2025

Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which […]

Economy

A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

August 12, 2025

NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. […]

Economy

What Trump’s Nvidia and AMD China deal means for the world

August 12, 2025

Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals. In exchange for the revenue cut, the two semiconductor companies will receive […]

Economy

ESPN, Fox to bundle upcoming streaming services for $39.99 a month

August 12, 2025

Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday. The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular. Last week, both companies announced additional details about the new […]

Economy

Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

August 9, 2025

Apple has been sued by a Texas company that accused the iPhone maker of stealing its technology to create its lucrative mobile wallet Apple Pay. In a complaint made public on Thursday, Fintiv said Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014, and now used in hundreds […]

Browse category by Economy

Walmart boosts sales outlook as it says tariff costs are rising

Group accused of using fake accounts to buy tickets to Taylor Swift and Springsteen shows

Best Buy launches third-party marketplace as it looks for sales drivers

Apple just landed a key win for the global encryption fight

Playboy moving its headquarters to Miami Beach and opening a new club

Apple Watch getting redesigned blood oxygen feature following legal dispute

Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

Lyft co-founders to step down from ride-hailing firm’s board

Ulta and Target will end deal for in-store beauty shops next year

The CEO in chief: How Trump is getting what he wants from big business

Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations

A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

What Trump’s Nvidia and AMD China deal means for the world

ESPN, Fox to bundle upcoming streaming services for $39.99 a month

Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

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