Breaking News: Business
Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
An Amazon worker pulls a cart of packages for delivery on in New York City, July 12, 2022. Michael M. Santiago | Getty Images Amazon is rolling out “ultra-fast” deliveries to get packages to consumers in 30 minutes or less in dozens of cities across the U.S., the company announced Tuesday, marking its most aggressive […]
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On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags
Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street’s expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts. During the quarter ended March 31, On’s direct-to-consumer sales, revenue from its own website and stores, grew 16.4% to 322.3 million francs ($414.2 million), falling […]
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Trump, congressional Republicans float suspending federal gas tax amid Iran war
A sign displays the prices of unleaded, premium, and diesel gasoline at a Speedway gas station in Columbus, Ohio, US, on Monday, May 11, 2026. Brian Kaiser | Bloomberg | Getty Images President Donald Trump and congressional Republicans are proposing suspending the federal gas tax as prices at the pump continue to soar ahead of […]
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GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned. The global reductions began Monday and will impact about […]
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Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’
Key Points Michael Burry said investors should “reject greed” as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher. “An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely,” Burry wrote. Source
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April home sales disappoint as higher mortgage rates weigh on buyers
Sales of previously owned homes in April were essentially flat compared with March, rising just 0.2% to 4.02 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were expecting a gain of more than 3%. April sales were unchanged year-over-year. This count is based on closings, so […]
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High gas prices are hurting restaurant sales — but not all chains
A pedestrian walks by a Domino’s in San Francisco, Dec. 9, 2025. Justin Sullivan | Getty Images From Domino’s Pizza to Applebee’s, restaurant chains are reporting that sales softened in March as gas prices spiked. The U.S. war with Iran has led to an average national gas price of more than $4.50 per gallon — […]
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At TV upfronts, AI is in and corporate shuffles are reshaping the line-up
Advertisers will be hearing about the slate of live events in the coming year — and how AI is being integrated. Plus, media consolidation reshapes the line-up. Source
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Congress and retailers want to rebuild national parks. Tolls on federal roads might pay for it
American Bison graze at the Grand Teton National Park. Danny Lehman | The Image Bank | Getty Images Congress is trying to come up with more money to give the aging national parks a facelift in honor of the country’s 250th birthday this year. President Donald Trump talks about the importance of federal facilities looking […]
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Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels
When wildlife TV personality Forrest Galante sat down for his monthly call with YouTube consultant Paddy Galloway, he received some bad news. No more turtles. Galante has 2.5 million YouTube subscribers. He’s been producing wildlife programming for more than a decade, including a docuseries on Animal Planet and a show on the History Channel. He […]
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