Walmart says price hikes are coming this month and in the summer. You can thank tariffs on imports for them.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
OPEC+ now controls just 51% of the global oil market, good for the smallest share since the group’s creation in 2016.
Microsoft’s latest patent may keep its data centers cool and its energy even cooler.
Pfizer’s stock slumped its lowest level in more than 10 years. The world’s moved on from the pandemic, and nobody loves you when you’re down.
US cattle inventories have been battered by drought, leading to record beef prices and a long road to bringing them down.
The European Union is preparing to levy a hefty fine against Apple and ban some of its App Store practices, according to Bloomberg.
The tech could prevent the phantom braking problem which Tesla vehicles are notorious for.
Funding for startups developing small modular nuclear power plants looks like it’s beginning to dry up.
Aibnb is branching out beyond short term rentals as it faces falling travel demand and regulatory pushback from some cities.
Occidental Petroleum, the oil giant in Berkshire Hathaway’s portfolio, announced it is acquiring CrownRock in a deal worth $12 billion.
The gaming industry is headed for a financial crunch, and Microsoft and others have adopted a winner-take-all strategy.
Following merger discussions two weeks ago, Humana and Cigna are walking away from what would’ve been the largest deal of the year.
Elon Musk’s Boring Company has held talks with the Federal Railroad Administration about building a multi-billion dollar Amtrak tunnel.
Skechers, known for its comfortable and affordable sneakers, agreed to a $9.4 billion deal to be taken private by 3G Capital.
President Trump wants to bring film-making back to Hollywood by imposing 100% tariffs on movies produced outside of the US.
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.