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Economy

Economy

Amazon expects to cut corporate jobs as it relies more on AI

June 23, 2025
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency…
Economy

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

June 23, 2025
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions…
Economy

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 23, 2025
Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will…
Economy

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

June 23, 2025
Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said Apple’s folding…
Economy

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

June 23, 2025
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran….
Economy

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

June 23, 2025
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing…
Economy

Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

June 18, 2025
LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief…
Economy

Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

June 18, 2025
U.S. President Donald Trump said on Friday that concerns over national security risks posed by Nippon Steel’s $14.9 billion bid for U.S….
Economy

Anne Wojcicki to buy back 23andMe and its data for $305 million

June 18, 2025
Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit,…
Economy

Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

June 18, 2025
President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens…
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