Business
Latest news, analysis, and updates in business.
Tariffs Fail to Revive US Textile Manufacturing Competitiveness
Tariffs hike import prices but can’t overcome US textile mills’ productivity gap and high labor costs, keeping the industry in decline.
8 min read
GameStop Shocks Market with $55.5B eBay Takeover Bid
GameStop’s $55.5B bid for eBay aims to transform it into an e-commerce powerhouse, challenging giants like Amazon and Walmart.
4 min read
OPEC+ Sparks Shock by Raising Oil Output Despite Hormuz Blockade
OPEC+ defies Strait of Hormuz risks, raising June oil output to curb price spikes and stabilize global markets.
7 min read
Greg Abel Sparks New Era with Berkshire’s $12.7B Q1 Surge
Greg Abel’s debut as Berkshire CEO shines with a 57% Q1 earnings jump to $12.7B, signaling a sharper, efficiency-driven leadership shift.
8 min read
Big Tech Inflates Profits by Marking Up Private Startup Stakes
Big Tech inflates profits by marking up private startup stakes, boosting earnings and stock prices without selling shares.
4 min read
WEX Ends Proxy Battle, Activist Impactive Grabs Board Seats
WEX settles proxy fight, granting two board seats to activist Impactive, ending months of turmoil and signaling governance changes in fintech.
4 min read
Chipotle CEO Sparks Growth by Defying Price Hikes
Chipotle’s CEO drives growth with affordable prices and generous portions, outpacing rivals as customers seek value amid inflation.
5 min read
Amazon Sparks Supply Chain Shakeup With New Business Services
Amazon launches supply chain services for businesses, threatening legacy logistics with its vast network and tech-driven speed.
7 min read
Anthropic Locks $1.5B Deal with Blackstone and Goldman Sachs
Anthropic lands $1.5B joint venture with Blackstone and Goldman Sachs, accelerating its AI research and market reach against top rivals.
5 min read
TFI International Shakes Up Board, Deloitte Takes Audit Reins
TFI International refreshes its board, appoints Deloitte as auditor, and wins strong investor support on pay amid growing climate scrutiny.
4 min read
Tyson Foods' Beef Profits Crash 77% as Cattle Costs Soar
Tyson Foods' beef profits collapse 77% as record cattle prices and feed costs squeeze margins, forcing a rethink of pricing and operations.
7 min read
Ryan Cohen Sparks eBay Surge with $56B Buyout Bombshell
Ryan Cohen’s $56B buyout bid sends eBay shares soaring 18%, sparking a market frenzy and signaling a major e-commerce shakeup.
8 min read