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Categories Business

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

May 6, 2025

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as

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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

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

May 4, 2025

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos,

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Categories Business

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

May 4, 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

Tesla denies report it’s looking to replace Elon Musk

May 3, 2025

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching

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Categories Business

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

May 3, 2025

Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday. Dominion provides electricity

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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 3, 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

Tesla denies report that the EV maker is looking to replace Elon Musk

May 2, 2025

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching

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Categories Business

Consumers are not lovin’ it: McDonald’s has its worst quarter since 2020

May 2, 2025

McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain

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Categories Business

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

May 2, 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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