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Economy

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

June 6, 2025
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on…
Economy

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

June 5, 2025
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving…
Economy

Elon Musk’s Neuralink raises $650 million in fresh capital

June 5, 2025
Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday. ARK Invest, Founders Fund, Sequoia…
Economy

Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown

June 5, 2025
Tesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as…
Economy

Dollar General is shaking off tariff fears and winning over higher-income consumers

June 5, 2025
Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income…
Economy

Peloton launching resale market for used bikes, treadmills

June 5, 2025
Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many…
Economy

OpenAI tops 3 million paying business users, launches new features for workplace

June 5, 2025
OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February….
Economy

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025
23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to…
Economy

Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

May 27, 2025
The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone….
Economy

Amazon’s Zoox robotaxi unit issues software recall after recent Las Vegas crash

May 7, 2025
Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday. The…
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