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.
Peloton announced that it has appointed Peter Stern as CEO and president to pedal the company out of its prolonged post-pandemic slump.
Comcast’s president floated the idea that the telecom giant and NBCUniversal parent company might spin off its portfolio of cable channels.
The cost of manufacturing chocolate and confectionery from cocoa has risen a terrifying 45% this year, according to the producer price index.
US cattle inventories have been battered by drought, leading to record beef prices and a long road to bringing them down.
Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.
Royal Caribbean raised its annual profit forecast for the fourth time this year. Driving the optimism is a private island in the Bahamas.
China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.
Aibnb is branching out beyond short term rentals as it faces falling travel demand and regulatory pushback from some cities.
Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.
Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.
Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.
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.