Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers…
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Business
Rules for repaying Social Security benefits are about to get stricter. Here’s what to know.
by adminIf you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect. The…
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Struggling drugstore chain Walgreens is going private. The company on Thursday said it inked a deal with private equity firm Sycamore Partners that will take it off the public market for an equity value…
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Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.
by adminMacy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to…
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President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of…
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Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri. The executive change is the latest for Starbucks after Brian Niccol joined…
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Treasury Dept. will not enforce ownership information reporting for millions of businesses
by adminThe U.S. Department of the Treasury on Sunday announced it won’t enforce the penalties or fines associated with the Biden-era “beneficial ownership information,” or BOI, reporting requirements for millions of domestic businesses. Enacted via…
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Musk says he’s sending Starlink tech to FAA while asserting, without evidence, that air safety is at risk
by adminElon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence, that current technology poses a risk to air travel…
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The egg aisle is anything but cheaper by the dozen these days — and that’s becoming a big problem ahead of the Easter holiday. The makers of Easter egg dye…
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Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
by adminNvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions…
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Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount…
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Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the most remarkable years from a large company…
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How digitally native companies like Rothy’s are growing profitably in a new era for retail
by adminDirect-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. Ming took…
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Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
by adminApple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure from President Donald Trump and the growing threat…
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Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
by adminApple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure from President Donald Trump and the growing threat…
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Business
AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo
by adminScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund…