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Categories Economy

Procter & Gamble to cut 7,000 jobs as part of broader restructuring

June 7, 2025

Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs

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Categories Economy

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

June 6, 2025

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on

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Categories Economy

OpenAI tops 3 million paying business users, launches new features for workplace

June 5, 2025

OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February.

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Categories Economy

Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

June 5, 2025

A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of

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Categories Economy

Peloton launching resale market for used bikes, treadmills

June 4, 2025

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many

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Categories Economy

Dollar General is shaking off tariff fears and winning over higher-income consumers

June 4, 2025

Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income

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Categories Economy

Byron Allen puts broadcast TV stations up for sale

June 3, 2025

Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank Moelis

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Categories Economy

U.S. foreign tax bill sends jitters across Wall Street

May 31, 2025

While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax

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Categories Economy

Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

May 31, 2025

Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who

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Categories Economy

Nvidia results spark global chip rally

May 30, 2025

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks. Shares of Nvidia were

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