Business
• Business • Views: 640
Disney’s ESPN Set to Purchase NFL Media Assets in Significant Agreement
The agreement, which ESPN mentioned would enhance the content on its upcoming ESPN streaming platform, is pending regulatory approval
• Business • Views: 955
Marriott lowers its annual revenue and profit expectations as travel demand to the US weakens
Marriott International, the world's largest hotel chain, reduced its annual projection for revenue increase and earnings due to a slowdown in travel demand within the US, the company announced on Tuesday
• Business • Views: 1086
Yum Brands experiences a drop in revenue as KFC and Pizza Hut face challenges
On Tuesday, Yum Brands announced underwhelming revenue, as its KFC and Pizza Hut locations experienced a significant drop in sales across the US
• Business • Views: 638
Chinese citizens residing in the US accused of illegally exporting millions of dollars' worth of Nvidia's advanced AI chips to China
Two Chinese citizens residing in California—one without proper documentation—have been taken into custody on suspicion of smuggling AI microchips valued at tens of millions of dollars to Beijing, according to the Justice Department on Tuesday
• Business • Views: 772
Molson Coors cuts its forecast once more as 'indirect tariff effects' on aluminum and weak demand affect profitability
Molson Coors reduced its financial forecast for the second time this year, attributing the decision directly to aluminum tariffs
• Business • Views: 1044
JPMorgan and Bank of America cut ties with Trump due to pressure from the Biden administration after January 6, according to sources
Sources tell The Post that JPMorgan and Bank of America "debanked" President Trump due to his involvement in the January 6 riots, following pressure from the Biden administration and the Federal Reserve
• Business • Views: 1109
Tesla sales sink in UK, Germany as Europeans warm to Chinese rival BYD
Tesla sales plunged in Europe's two biggest car markets over the past year, while low-cost Chinese rival BYD continued to race ahead.
• Business • Views: 1217
Chipmaker TSMC discovers possible theft of trade secrets, with three individuals detained in Taiwan
Taiwan Semiconductor Manufacturing Company announced on Tuesday that it had identified "unauthorized activities" by employees suspected of stealing trade secrets concerning its advanced computer chips
• Business • Views: 646
Kentucky's $9 billion whiskey industry faces a crisis as Generation Z drinkers steer clear of bourbon, and tariffs have a significant impact
Kentucky's whiskey sector is facing its most severe crisis in years, as major distilleries are closing and countless jobs are in jeopardy
• Business • Views: 407
Federal Reserve's Mary Daly indicates the time is approaching for rate reductions — possibly requiring more than two
Mary Daly, President of the San Francisco Federal Reserve Bank, stated on Monday that since there is increasing proof that the US labor market is weakening and there are no indications of sustained inflation caused by tariffs, the moment for reducing interest rates is approaching
• Business • Views: 407
Palantir raises annual revenue forecast again on surging AI demand
Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting robust demand for its AI-linked services from businesses and governments, sending its shares up 5% in extended trading.
• Business • Views: 743
NYC’s iconic Flatiron Building will get bathed in lights for first time in 123-year history
Manhattan's iconic Flatiron Building, shrouded in a century’s soot and decades of scaffolding, will finally see the light.
• Business • Views: 390
Don Jr. and Eric Trump support a blank-check company that seeks to enhance manufacturing in the United States
Eric Trump and Donald Trump Jr. are supporting New America Acquisition I Corp, a special purpose acquisition company aiming at U.S. manufacturing firms, which is seeking a $300 million initial public offering on the New York Stock Exchange, as stated in filings on Monday
• Business • Views: 393
Boeing St. Louis defense workers set to strike after rejecting latest offer
Union members who assemble Boeing's fighter jets in the St. Louis area rejected the U.S. planemaker's latest contract offer on Sunday and will strike at midnight on Monday, the International Association of Machinists and Aerospace Workers union said.
• Business • Views: 1149
Trump and Carney are set to speak in the next few days, according to a Canadian official
President Trump and Canadian Prime Minister Mark Carney are expected to have discussions "in the coming days" following the United States' implementation of a 35% tariff on products not included in the US-Mexico-Canada trade deal, a Canadian official stated on Sunday
• Business • Views: 947
Shippers urge regulators to block Union Pacific-Norfolk Southern deal: FT
US railroad customer groups have demanded regulators block or put onerous conditions on the proposed merger of Union Pacific and Norfolk Southern, the Financial Times reported on Sunday.
• Business • Views: 410
JPMorgan staff complain about having to pay for the 'state-of-the-art' gym at the new headquarters as they return to working in the office full time
JPMorgan Chase CEO Jamie Dimon assured employees that they would receive many perks at the new headquarters on 270 Park Avenue to help alleviate the discomfort of returning to the office five days a week
• Business • Views: 790
Media still undercounting return-to-office phenomenon
The media continues to absurdly undercount, downplay or misunderstand the return-to-office phenomenon, although the surge should be obvious from the current leasing frenzy and from crowds on the street.
• Business • Views: 1015
Fool me once: Corporate America isn't being deceived by the left's uproar over Sydney Sweeney's 'good jeans' advertisement
The left is doing everything it can to create an uproar about the latest Sydney Sweeney jeans (or maybe genes) TV advertisement with the aim of sparking a backlash akin to the Dylan Mulvaney-Bud Light incident
• Business • Views: 1222
Columbia Sportswear files a lawsuit against Columbia University regarding merchandise in the latest legal dispute involving the Ivy League
For many years, T-shirts, sweatshirts, and other apparel from the Columbia Sportswear brand and items featuring the Columbia University name existed side by side with little misunderstanding
• Business • Views: 1224
Engineering students create a groundbreaking 3D-printed drone capable of transitioning between water and air
A group of four engineering students has gained worldwide recognition for their revolutionary drone, created using 3D printing, which is capable of both flying in the air and swimming underwater
• Business • Views: 919
Federal Reserve Governor Adriana Kugler is stepping down, creating a vacancy for Trump to appoint a replacement
Federal Reserve Governor Adriana Kugler stated she will resign next Friday, creating an opening on the influential board of the central bank that President Trump will have the opportunity to fill
• Business • Views: 792
Ford is recalling 312,000 vehicles due to possible brake power loss, which could raise the risk of accidents
Ford is recalling more than 312,000 vehicles in the United States due to a power brake assist failure that lengthens the stopping distance and raises the likelihood of a crash, according to the National Highway Traffic Safety Administration on Friday
• Business • Views: 601
Delta Air Lines tries to calm fury over ticket prices, telling lawmakers it won’t use AI
Delta Air Lines said Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from lawmakers.
• Business • Views: 382
US labor market slows as government and foreign workers take a significant blow
U.S. employers created only 73,000 jobs in July, an unanticipated indication of softness in the labor market, the Bureau of Labor Statistics announced on Friday
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