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Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations

February 26, 2025

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores

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Categories Business

Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

February 25, 2025

Apple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure

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Categories Business

Starbucks to lay off 1,100 corporate workers as sales sag

February 25, 2025

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said

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Categories Business

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

February 25, 2025

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from

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Categories Business

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

February 23, 2025

An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday. That

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Categories Business

SEC dropping crypto lawsuit, Coinbase says

February 22, 2025

The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a signal that

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Categories Business

Meta approves plan for bigger executive bonuses following 5% layoffs

February 22, 2025

Executives at Meta stand to get bigger bonuses this year.  The company said in a corporate filing Thursday that it had approved “an increase in the target

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Categories Business

Amazon surpasses Walmart in revenue for the first time

February 22, 2025

Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth

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Categories Business

Walmart is getting a bump from a surprising cohort: Wealthier shoppers

February 21, 2025

Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to

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Categories Business

Airbus could prioritize deliveries to non-U.S. customers if Trump tariffs impede trade, CEO says

February 21, 2025

Airbus could prioritize deliveries to its non-U.S. customers if tariffs disrupt the European plane maker’s imports stateside, CEO Guillaume Faury said Thursday. “We have

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