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Economy

Economy

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 11, 2025
President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he…
Economy

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 11, 2025
What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American…
Economy

Trump’s tariffs on Brazil could make your coffee even more expensive

July 11, 2025
President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green…
Economy

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

July 10, 2025
Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and…
Economy

Waymo offers teen accounts for driverless rides

July 9, 2025
Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix. The Alphabet-owned company said that,…
Economy

Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

July 9, 2025
Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling…
Economy

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025
Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers…
Economy

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager…
Economy

As his feud with Trump reignites, Musk’s business with the government is back in the crosshairs

July 3, 2025
Elon Musk and President Donald Trump are fighting again. Now Musk’s business interests — and the billions in government contracts they enjoy…
Economy

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 3, 2025
Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job…
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