Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Dick's Sporting Goods to Acquire Foot Locker for $2.4B
Dick’s Sporting Goods has announced it will acquire rival retailer Foot Locker in a $2.4 billion deal.
Jamie Dimon Continues to Warn of Recession
JPMorgan chase CEO Jamie Dimon is continuing to warn of a potential U.S. Recession, citing persistent inflation, high interest rates, and geopolitical tensions.
From Viral Moments to Vital Conversations: Rachel Lindsay & Van Lathan On 'Higher Learning'
Celebrating 5 years of the hit podcast 'Higher Learning' with hosts Rachel Lindsay and Van Lathan on the floor of the New York Stock Exchange. Watch!
Returns, Reimagined: How ReturnPro Uses Smart Tech to Simplify Send-Backs
ReturnPro CEO Sender Shamiss to discuss how his company is changing the way we make returns and how Trump's tariffs are affecting the return business. Watch!
Big Business This Week: Big Blue gets bigger, without the blues
IBM is up 20% this year, thanks to AI consulting. Plus: UnitedHealthCare, Boeing, FedEx, Apple, Nissan, Dick's, Burberry, and HBO (Max). Whew!
Walmart warns “higher prices are inevitable”
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Lifestyle Services Now Offered Via Airbnb
Airbnb has unveiled a major redesign of its app, introducing new features like “Airbnb Services” and “Airbnb Originals” to expand beyond accommodations.
Max is Going Back to HBO Max… Again
Warner Bros. Discovery has announced that its streaming service, Max, will revert to the name “HBO Max” later this year, reinstating the HBO brand.
U.S.–China Trade Truce: What It Means and What Comes Next
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Microsoft lays off about 3% of its staff on ‘day with a lot of tears’
Microsoft began laying off about 6,000 workers Tuesday, nearly 3% of its entire workforce and its largest job cuts in more than two years.
British banking analyst jailed in Saudi Arabia for 10 years over ‘unknown tweet’
A British Bank of America analyst has been jailed for 10 years in Saudi Arabia apparently over a since-deleted social media post.
More than 1,000 Starbucks baristas go on strike to protest new dress code
More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday, protesting the coffee giant’s new dress code.
Waymo Recalls Over 1200 Self-Driving Cars
Waymo has recalled 1,212 self-driving cars due to a software glitch in its fifth-generation Automated Driving System.
Go Inside Coinbase's $2.9B Deribit Acquisition: A Strategic Move as It Joins the S&P 500
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
McDonald’s plans to hire 375,000 U.S. workers this summer
McDonald’s says it plans to hire up to 375,000 U.S. restaurant employees this summer as part of its biggest hiring push in years.
Emergency Task Force to Address Newark Airport Failures
The Trump administration launched an emergency task force—including experts from Verizon, L3Harris, and the FAA—to address repeated communications failures.
US businesses that rely on Chinese imports express relief and anxiety
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
