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Economy

Walmart fined for shipping realistic toy guns to New York, violating state law

May 28, 2025

Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online store shipped them to the state. The settlement comes nearly a decade after Walmart, Amazon, […]

Economy

Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

May 25, 2025

The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone. Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post. Trump is upset with […]

Economy

FTC drops Biden-era suit accusing Pepsi of price discrimination

May 24, 2025

The Federal Trade Commission voted to dismiss a lawsuit filed in the last days of the Biden administration that accused PepsiCo of offering sweetheart pricing to big retailers. FTC Chair Andrew Ferguson dissented to the suit when it was filed in January, when he was one of the regulator’s commissioners. Now the agency’s leader, Ferguson […]

Economy

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

May 24, 2025

United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday. The deal includes “40% of total economic improvements” in the first year and retroactive pay, a signing bonus, and quality of life improvements, like better scheduling and on-call time, the Association of Flight Attendants-CWA said. The union did […]

Economy

Trump clears Nippon merger with U.S. Steel

May 24, 2025

President Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked on national security grounds. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 […]

Economy

Armenian organized crime rings charged with stealing $83 million in Amazon cargo

May 23, 2025

Department of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83 million worth of cargo from Amazon by posing as legitimate truck drivers and siphoning off goods destined for the company’s warehouses. Since at least 2021, at least four people linked to the crime ring carried out a scheme […]

Economy

Burger King targets families through movie partnerships in latest stage of turnaround

May 23, 2025

As Burger King enters the next phase of its turnaround efforts, the fast-food chain is trying to lure families back to its restaurants with colored Whopper buns and kid-friendly movie partnerships. Starting Tuesday, the Restaurant Brands International chain will sell new menu items inspired by the “live action” remake of “How to Train Your Dragon.” The collaboration is […]

Economy

How UnitedHealthcare became the face of America’s health insurance frustrations

May 23, 2025

It took six months, countless hours on hold and intervention from state regulators before Sue Cover says she finally resolved an over $1,000 billing dispute with UnitedHealthcare in 2023. Cover, 46, said she was overbilled for emergency room visits for her and her son, along with a standard ultrasound. While Cover said her family would […]

Economy

Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line

May 22, 2025

Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event. The company announced Tuesday it is introducing a skills-based competition at Fanatics Fest 2025, taking place June 20-22 in New York City. Fanatics says more than $2 million will be given away in prizes, including […]

Economy

A man once sued by the SEC wins Trump crypto contest to have dinner with the president

May 22, 2025

We now know who won the contest to attend an intimate dinner with President Donald Trump by buying his cryptocurrency — and he’s a familiar face to Securities and Exchange Commission regulators and law enforcement officials. Justin Sun, a Chinese-born crypto entrepreneur, confirmed in an X post Tuesday that he was behind the account, labeled ‘SUN,’ […]

Economy

Target calls price hikes a ‘very last resort’ for offsetting tariffs as sales slump

May 22, 2025

Raising prices on consumers to cover the costs of President Donald Trump’s tariffs will be Target’s ‘very last resort,’ CEO Brian Cornell said Wednesday. The remarks came as Target reported weaker-than-expected sales in its first quarter and cut its full-year forecast. The retailer, whose business hasn’t fared as well against rivals better known for bargain […]

Economy

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

May 21, 2025

BEIJING — One Chinese baby products company announced Tuesday it is officially entering the United States, the world’s largest consumer market — regardless of the trade war. Shanghai-based Bc Babycare expects its supply chain diversification and the U.S. market potential to more than offset the impact of ongoing U.S.-China trade tensions, according to Chi Yang, […]

Economy

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

May 21, 2025

Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, handling manufacturing, sourcing and distribution. Under the brand management business model, Levi’s stands to make up […]

Economy

Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

May 17, 2025

Nvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of recent U.S. export curbs. “We are not sending any GPU designs to China to be modified to comply with export controls,” a spokesperson said in […]

Economy

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

May 17, 2025

Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting […]

Browse category by Economy

Walmart fined for shipping realistic toy guns to New York, violating state law

Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

FTC drops Biden-era suit accusing Pepsi of price discrimination

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

Trump clears Nippon merger with U.S. Steel

Armenian organized crime rings charged with stealing $83 million in Amazon cargo

Burger King targets families through movie partnerships in latest stage of turnaround

How UnitedHealthcare became the face of America’s health insurance frustrations

Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line

A man once sued by the SEC wins Trump crypto contest to have dinner with the president

Target calls price hikes a ‘very last resort’ for offsetting tariffs as sales slump

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

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