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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 […]

Economy

Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

August 9, 2025

Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday with potentially dozens of more to come. This time around, the store has a […]

Economy

Claire’s, known for piercing millions of teens’ ears, files for Chapter 11

August 8, 2025

Mall-based teen accessories retailer Claire’s, known for helping usher millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — collectively Claire’s […]

Economy

Trump demands resignation of Intel CEO over alleged China ties

August 8, 2025

President Donald Trump on Thursday demanded that the CEO of the tech firm Intel resign immediately, saying he is “highly conflicted” because of alleged ties to China. “There is no other solution to this problem,” Trump wrote on Truth Social. Trump’s attack on the Intel chief is his latest attempt to pressure the semiconductor industry, […]

Economy

Fox One streaming service to launch ahead of NFL season on Aug. 21, at $19.99 per month

August 7, 2025

Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday. The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company’s earnings call. Fox One will host the entirety […]

Economy

Tim Cook to join Trump at White House for Apple investment announcement

August 7, 2025

Apple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the tech giant in the U.S. The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White […]

Economy

Amazon lays off over 100 employees in Wondery unit as part of audio business restructuring

August 6, 2025

Amazon is laying off roughly 110 employees in its Wondery podcast division and the head of the group is leaving as part of a broader reshuffling of the company’s audio unit. In a Monday note to staffers, Steve Boom, Amazon’s vice president of audio, Twitch and games, said the company is consolidating some Wondery units […]

Economy

U.S. farm agency allows six more states to bar some items from food aid

August 6, 2025

WASHINGTON — The Agriculture Department allowed six additional states Monday to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods, such as sodas and candy. The SNAP waivers for West Virginia, Florida, Colorado, Louisiana, Oklahoma and Texas amend the statutory definition of food for purchase and put […]

Economy

Murdoch to provide Trump health updates in deal to delay Epstein case deposition

August 6, 2025

Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein. The unusual stipulation comes a week after Trump’s lawyers sought a […]

Economy

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 5, 2025

For decades, T-shirts, sweatshirts and other clothing under the Columbia Sportswear brand and clothing emblazoned with the Columbia University name coexisted more or less peacefully without confusion. But now, the Portland-based outdoor retailer has sued the New York-based university over alleged trademark infringement and a breach of contract, among other charges. It claims that the […]

Economy

All major Las Vegas Strip casinos are now unionized in historic labor victory

August 5, 2025

LAS VEGAS — When Susana Pacheco accepted a housekeeping job at a casino on the Las Vegas Strip 16 years ago, she believed it was a step toward stability for her and her 2-year-old daughter. But the single mom found herself exhausted, falling behind on bills and without access to stable health insurance, caught in […]