Breaking News: Business
Walmart reports strong holiday growth, but earnings outlook falls short of estimates
Walmart said on Thursday that holiday-quarter sales rose nearly 6% and its quarterly earnings and revenue surpassed Wall Street’s expectations as gains in e-commerce, advertising and its third-party marketplace boosted its business. For the full current fiscal year, Walmart said it expects net sales to increase by 3.5% to 4.5% and adjusted earnings per share […]
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Small furniture retailers face existential tariff threat, regardless of Supreme Court ruling
President Donald Trump’s so-called “reciprocal tariffs” could be struck down by the U.S. Supreme Court as soon as this week. Regardless of the ruling, there’s little comfort to be found for the furniture industry. Furniture importers are facing steep, and in some cases stacking, import duties after the industry was hit with higher tariffs on […]
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United Airlines is paring back rewards for travelers who don’t have its credit card in MileagePlus overhaul
No United Airlines credit card? Soon you’ll earn fewer miles than other travelers. United is overhauling its MileagePlus frequent flyer program to reward travelers with more miles and lower redemption rates, including for some of its long-haul business-class seats — if they have one of the airline’s credit cards. It’s the latest move by an […]
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Wayfair posts first annual sales gain since 2020, outperforms overall furniture market
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair Wayfair‘s annual sales grew last year for the first time since 2020 as the online furniture company continues to win over value-seeking consumers, the retailer announced Thursday. In 2025, Wayfair revenue grew 5.1% to $12.5 billion. The gains follow a more than 1% year-over-year decline in 2024. The […]
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Nestle plans sale of ice cream business as fourth-quarter sales growth beats estimates
Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts. The closely watched organic growth rate came in at 4%, beating a FactSet consensus of 3.55%. For 2026, Nestle said it is targeting organic sales growth of 3% to 4%, along with an […]
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Trump administration releases $127 million in overdue funds for New York-New Jersey Gateway tunnel project president had called a ‘future boondoggle’
The Gateway Tunnel site near W. 30th St. and 11th Ave. in Hudson Yards, Manhattan on Oct. 23, 2025. Barry Williams | New York Daily News | Getty Images The Trump administration on Wednesday released the rest of the funds it had been withholding for the construction of a major rail tunnel between Manhattan and […]
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FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals
Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall […]
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Seattle Seahawks begin sale process after Super Bowl win
Dareke Young #83 of the Seattle Seahawks celebrates with teammates during the third quarter of the NFC Championship game against the Los Angeles Rams at Lumen Field on Jan. 25, 2026 in Seattle, Washington. Jane Gershovich | Getty Images The Seattle Seahawks are officially up for sale. The NFL team, which defeated the New England […]
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FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal
A researcher works in the lab at the Moderna headquarters in Cambridge, Massachusetts, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision to refuse to accept the application in a move […]
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Billionaire Les Wexner’s congressional deposition over Jeffrey Epstein ties is underway
This Sept. 19, 2014 file photo shows retail mogul Leslie Wexner, at the Wexner Center for the Arts in Columbus, Ohio. Wexner is severing his last ties with the retail empire that he founded in 1963. Jay LaPrete | AP A congressional deposition of Leslie Wexner, one of Jeffrey Epstein’s closest known associates and top […]
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