Industries

Industries

Skechers Takes $9 Billion Buyout as Shoe Stocks Skid

Photo by Harrison Keely via CC BY 4.0

Skechers, known for its comfortable and affordable sneakers, agreed to a $9.4 billion deal to be taken private by 3G Capital.

2 min read

Photo via Connor Lin / The Daily Upside

Consumer

Temu Faces a Supplier Revolt

Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.

2 min read
Photo by Colton Sturgeon via Unsplash

Markets

Energy Crisis Spurs Record Payout at Vitol Group

Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read
Photo by Erik Mclean via Unsplash

Consumer

McDonald’s Made It Official: Consumers Have Reached Their Limit

McDonald’s warned that customers might be getting sick of price hikes. It was right. Sales fell year-over-year for the first time since 2020.

1 min read

Media & Entertainment

Scary Movie ’25? Trump Threatens Tariffs on Foreign Films

Photo by Getty Images via Unsplash

President Trump wants to bring film-making back to Hollywood by imposing 100% tariffs on movies produced outside of the US.

2 min read

Technology

Grand Theft Auto VI Delay Steals the Thrills From Video Game Industry

Photo by Alena Darmel via Pexels

The delay of Grand Theft Auto VI’s release threw a multibillion dollar wrench in forecasted revenues for a gaming industry in need of a hit.

2 min read

Markets

Coca-Cola Sees Glass Half Full Even as Trade War Drains Fizz From Pop Sales

Photo by Eric Prouzet via Unsplash

Coca-Cola was one of several companies whose earnings last week flashed positive signs, despite the hail of uncertainty around tariffs.

2 min read

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