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Economy

McDonald’s revenue disappoints, as U.S. sales see worst drop since pandemic

February 11, 2025

McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter. But shares of the company rose more than 4% in morning trading as executives predicted sales would improve in 2025. Here’s what the company reported compared with what Wall Street was expecting, […]

Economy

McDonald’s revenue disappoints as U.S. sales see worst drop since pandemic

February 11, 2025

Economy

Why Chappell Roan and other artists find themselves among the 25 million uninsured Americans

February 9, 2025

With a Grammy win for best new artist, Chappell Roan is at a career high. A few years ago, she was one of the millions of Americans without a job or health insurance. “I told myself that if I ever won a Grammy and got to stand up here in front of the most powerful people in music, […]

Economy

Amazon set to pass Walmart in revenue for first time

February 8, 2025

Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue. For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to LSEG senior research analyst Tajinder […]

Economy

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

February 8, 2025

China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s trade war. China added PVH Corp. to its “unreliable entities” list on Tuesday, which allows the Chinese government to fine the retailer, prohibit import and export activities, revoke […]

Economy

U.S. lawmakers move to ban China’s DeepSeek from government devices

February 8, 2025

A bipartisan congressional bill is being introduced to ban China’s DeepSeek artificial intelligence software from government devices. U.S. Reps. Darin LaHood, R-Ill., and Josh Gottheimer, D-N.J., are introducing the legislation on national security grounds, saying the company’s technology presents an espionage risk. “The technology race with the Chinese Communist Party (CCP) is not one the […]

Economy

Some tariff concessions from Canada and Mexico touted by Trump lack substance, experts say

February 8, 2025

President Donald Trump and his supporters have heralded his use of tariff threats to extract concessions on drug trafficking and border security from Canada and Mexico. Yet, experts say, some of the measures agreed to by America’s two largest trading partners and close allies are less substantial than what has been trumpeted. Trump announced the […]

Economy

Lara Trump to host weekend show on Fox News

February 8, 2025

President Donald Trump’s daughter-in-law Lara Trump will host a weekend show on Fox News, the news channel announced Wednesday. ‘My View with Lara Trump’ is expected to premiere Feb. 22 and air at 9 p.m. ET Saturdays, taking the spot of ‘One Nation with Brian Kilmeade.’ Kilmeade’s show will move to 10 p.m. ET Sundays, […]

Economy

All Quiksilver, Billabong and Volcom stores to close in U.S.

February 8, 2025

All Quiksilver, Billabong and Volcom stores in the United States will close after their operator filed for bankruptcy protection. Altogether over 100 stores for the brands, that sell apparel for skaters, surfers and snowboarders, will close their doors. Liberated Brands filed a voluntary petition for Chapter 11 bankruptcy protection Sunday in U.S. Bankruptcy Court in […]

Economy

OpenAI considering 16 states for data center campuses as part of Trump’s Stargate project

February 8, 2025

OpenAI said on Thursday that the company is considering building data center campuses in 16 states that have indicated “real interest” in the project, which is linked to President Donald Trump’s Stargate plans. On a call with reporters, OpenAI executives said it sent out a request for proposals (RFP) to states less than a week […]

Economy

Southern California Edison acknowledges videos suggest link between equipment and Eaton fire

February 8, 2025

Southern California Edison acknowledged Thursday that videos have suggested a possible link between the utility’s equipment and the devastating Eaton Fire in Los Angeles. But the company has not identified evidence to confirm this, according to a filing with the California Public Utilities Commission. The Eaton Fire, which is now contained, burned about 14,000 acres, destroyed thousands […]

Economy

New Orleans prepares for Super Bowl 59, its biggest weekend of the year

February 8, 2025

New Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super Bowl 59, as the reigning champion Kansas City Chiefs take on the Philadelphia Eagles at the Caesars Superdome. Local businesses are ready, and hotel demand is surging. Tripadvisor said demand for hotel rooms in New Orleans surged 637% […]

Economy

Even at $8M per Super Bowl commercial, ad executives say it’s still bang for your buck

February 8, 2025

Advertisers shelled out up to $8 million for a spot during Super Bowl 59. Ad industry executives still consider the price tag worth it, and argue it’s even a bang for their buck. The NFL’s championship game between the Philadelphia Eagles and Kansas City Chiefs will air this year on Fox Corp.’s broadcast network, as well as on Fox’s free […]

Economy

GM cuts 50% of Cruise staff after ending robotaxi business

February 6, 2025

General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since acquiring the self-driving car business in 2016. “Today, Cruise shared the difficult decision to part ways with approximately 50% of […]

Economy

USPS resumes shipments from China in abrupt about-face

February 6, 2025

The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so. ‘Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts,’ it said in an updated statement Wednesday morning. ‘The USPS […]

Browse category by Economy

McDonald’s revenue disappoints, as U.S. sales see worst drop since pandemic

McDonald’s revenue disappoints as U.S. sales see worst drop since pandemic

Why Chappell Roan and other artists find themselves among the 25 million uninsured Americans

Amazon set to pass Walmart in revenue for first time

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

U.S. lawmakers move to ban China’s DeepSeek from government devices

Some tariff concessions from Canada and Mexico touted by Trump lack substance, experts say

Lara Trump to host weekend show on Fox News

All Quiksilver, Billabong and Volcom stores to close in U.S.

OpenAI considering 16 states for data center campuses as part of Trump’s Stargate project

Southern California Edison acknowledges videos suggest link between equipment and Eaton fire

New Orleans prepares for Super Bowl 59, its biggest weekend of the year

Even at $8M per Super Bowl commercial, ad executives say it’s still bang for your buck

GM cuts 50% of Cruise staff after ending robotaxi business

USPS resumes shipments from China in abrupt about-face

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