Business
Found 355 articles
FTC probe looms over Shein’s Hong Kong market debut
Fast fashion giant Shein is facing a federal investigation in the United States, a revelation disclosed in regulatory filings as the company readies its long-awaited Hong Kong IPO. While the specific nature of the probe remains confidential, the company warns that potential settlements could carry significant financial consequences.
Visa to slash 2,600 jobs as AI reshapes payment operations
Visa is eliminating approximately 7% of its workforce, targeting 2,600 positions primarily within its technology and product divisions. CEO Ryan McInerney framed the restructuring as a strategic pivot to lean into growth areas and automate technical workflows through the increasing integration of artificial intelligence across the company.
Boeing Loses More Than Expected as Air Force One Costs Mount
A $280 million charge tied to the next-generation Air Force One program pushed Boeing to a deeper-than-anticipated second-quarter loss. While the company posted a 76-cent adjusted loss per share—missing Wall Street estimates of 30 cents—executives maintain the first delivery of the presidential aircraft remains on track for 2028.
UPS Surpasses Quarterly Earnings Targets Amid Strategic Pivot
Coca-Cola Faces Earnings Test Amidst Premium Demand
JetBlue Restructures Fare Tiers Ahead of Domestic First-Class Launch
Consolidated food networks amplify cyclospora outbreaks
NBCUniversal embeds Peacock content directly into YouTube Premium
Ford pivots to sneaker-style drops to capture aftermarket profits
Logistics giants pivot to cold-chain infrastructure for GLP-1 surge
Paramount Pushes WBD Merger to 2027 Under Pressure of Antitrust Suit
Moody’s warns AI infrastructure spending threatens Big Tech credit
Cyclospora Outbreak Expands to Nine States
Tech Wealth Spurs Record-Breaking Auction Season
Southwest Airlines Bypasses Supply Crunch With Rare Texas Fuel Shipment
Honda pauses Ridgeline production to engineer a tougher pickup
IMAX Revenue Surges as The Odyssey Defies Box Office Anxiety
Albertsons Shares Tumble as Consumer Caution Hits Grocery Sales
Cyclospora Outbreak Strains Kennedy’s Food Safety Overhaul
Eli Lilly Pushes Retatrutide Approval to 2027 After Strong Trial Results
Conservation Easements Face IRS Scrutiny Amid Legislative Expansion
American Airlines Trims Earnings Forecast Amid Rising Fuel Costs
Comcast earnings reveal a tale of two companies
Ford and Geely forge electric vehicle alliance in Spain
Senate committee advances bill threatening Mercedes-Benz U.S. sales
EU Approves Paramount-Skydance Merger Following Distribution Concessions
Mediterranean Yacht Charters See Price Drops Amid Geopolitical Jitters
Nike Moves to Consolidate Chinese Digital Sales Channels
Kennedy Declares Cyclospora Outbreak Contained Amid Agency Scrutiny
