President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term for a multi-million-dollar scheme that included falsely claiming…
Category:
Business
-
-
The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant. The FCC,…
-
Business
Trump signs executive order to end collective bargaining at agencies involved with national security
by adminPresident Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law.…
-
Business
Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending
by adminLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted…
-
Business
Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks
by adminNvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.…
-
Business
Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.
by adminInvestors have closely watched Nvidia’s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications. The event comes at a pivotal…
-
Business
‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns around loans for takeout
by adminDoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way.…
-
Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard…
-
Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night. The company’s CEO, Anne Wojcicki, has resigned from…
-
Business
Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes
by adminDollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the…