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Economy

Treasury delays deadline for small businesses to file new form to avoid noncompliance fines

December 28, 2024

The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The Treasury had initially required many businesses to file the report to the agency’s Financial Crimes Enforcement Network, known as FinCEN, by Jan. 1. Noncompliance carries […]

Economy

Richard Parsons, former Time Warner CEO, dies at age 76

December 28, 2024

Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died. He was 76. His death was confirmed by Lazard, where he was a longtime board member. Parsons became CEO of AOL Time Warner in 2002, replacing Gerald Levin, who stepped aside two years after […]

Economy

Starbucks barista strike expands as workers demand pay raises

December 27, 2024

A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins. Though it still represents only about 3% of all U.S. Starbucks locations, it’s an expansion of an action that began last week in three cities. Organized […]

Economy

Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

December 27, 2024

If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech providers largely suffered. Of 39 public digital health companies analyzed by CNBC, roughly two-thirds are down for the year. Others […]

Economy

Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

December 26, 2024

Economy

Here’s why business leaders are spending big on Trump’s inaugural committee

December 26, 2024

Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as they seek to get on his good side and make inroads before he takes office. Some of the planned donations reportedly include $1 million each from Jeff Bezos’ Amazon, OpenAI CEO Sam Altman and Facebook parent company Meta, led by Mark Zuckerberg. Others include […]

Economy

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

December 25, 2024

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The company’s board of directors unanimously approved of the transaction, which is expected to close in the first half of 2025. As part of the […]

Economy

Lego is reinventing its iconic brick sets and keeping the toy industry afloat

December 25, 2024

The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when toy companies are struggling to match the massive gains of pandemic-era sales, Lego is growing rapidly. The Danish company saw revenue jump 13% in the first six months […]

Economy

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

December 25, 2024

The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges that Walmart and the vendor, Branch Messenger, forced the drivers, who were part of Walmart’s Spark Driver gig-work platform, to use Branch Messenger’s deposit accounts […]

Economy

IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

December 25, 2024

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money. The Recovery Rebate […]

Economy

Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says

December 25, 2024

Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and] brought Nissan to the forefront […]

Economy

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

December 24, 2024

Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a news conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving. A business integration would give the companies […]

Economy

Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031

December 22, 2024

Netflix on Friday announced it has secured exclusive rights in the U.S. to the FIFA Women’s World Cup in 2027 and 2031. The announcement comes just days before Netflix will stream its first ever National League Football Christmas Day games. Adding the Women’s World Cup to its portfolio shows the streaming giant is continuing to bulk up its sports rights […]

Economy

Big Lots initiates going-out-of-business sales at remaining locations

December 21, 2024

Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find a purchaser fell through. Big Lots said in a release Thursday that it no longer anticipates being able to complete a previously announced agreement with a private equity group to salvage the company. […]

Economy

Trump transfers all his DJT shares to his revocable trust, SEC filings show

December 21, 2024

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission. […]

Browse category by Economy

Treasury delays deadline for small businesses to file new form to avoid noncompliance fines

Richard Parsons, former Time Warner CEO, dies at age 76

Starbucks barista strike expands as workers demand pay raises

Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

Here’s why business leaders are spending big on Trump’s inaugural committee

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

Lego is reinventing its iconic brick sets and keeping the toy industry afloat

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031

Big Lots initiates going-out-of-business sales at remaining locations

Trump transfers all his DJT shares to his revocable trust, SEC filings show

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