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Categories Business

Rite Aid files for second bankruptcy in two years

May 6, 2025

U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a

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Categories Business

Temu halts shipping direct from China as de minimis tariff loophole is cut off

May 5, 2025

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent

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Categories Business

Netflix stock is trading at all-time high levels in unprecedented win streak

May 3, 2025

Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the company’s longest positive run

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Categories Business

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

May 2, 2025

Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect. “American firms should focus on innovation and rise

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Categories Business

Trump-Bezos call sets stage for tense earnings report from Amazon

May 1, 2025

President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a

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Categories Business

JetBlue to partner with another U.S. airline in the coming weeks

April 30, 2025

JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s

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Categories Business

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

April 29, 2025

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30

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Categories Business

Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

April 25, 2025

If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to

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Categories Business

The trucking industry hits the brakes with tariffs set to dent imports

April 24, 2025

U.S. trucking is heading for a slowdown, with industry players fearing the “worst is yet to come” as tariffs start to crimp

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Categories Business

It’s Elon Musk’s turn for a ‘fork in the road’ as Tesla faces Wall Street scrutiny

April 23, 2025

It might be time for Tesla CEO Elon Musk’s own fork in the road.   The electric carmaker is set to report quarterly earnings

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