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Browsing: Business

Business

Layoffs in October hit highest level for month in 22 years as companies cite cost-cutting, AI

U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intel...

Business

US trade official warns up to $200B hangs in the balance as SCOTUS weighs Trump tariff case

U.S. Trade Representative Jamieson Greer warned Thursday that as much as $200 billion could be at stake as the Supreme Court considers overturning Pre...

Business

Trump announces deal with drugmakers to lower cost of weight-loss drugs

President Donald Trump on Thursday announced deals with pharmaceutical giants Novo Nordisk and Eli Lilly that would cut the cost of the lowest doses o...

Business

ESPN partners with DraftKings for exclusive sports betting deal after nixing agreement with PENN

Roughly an hour after severing ties with PENN Entertainment, which axed its own gambling platform, ESPN announced they would be partnering with DraftK...

Business

From slump to sizzle: KFC’s recipe for a comeback

KFC's iconic fried chicken buckets are no longer enough to allow the company to stay ahead of its rivals as consumer preferences shift.The global fast...

Business

Tesla shareholders to decide fate of Musk's $1T pay package

The fate of Tesla CEO Elon Musk's proposed $1 trillion pay package will be in the balance on Thursday as shareholders vote on whether to approve the h...

Business

United Airlines to offer refunds because of shutdown-caused flight restrictions

United Airlines customers with flights booked to travel during the government shutdown will be eligible for a refund, CEO Scott Kirby told employees i...

Business

NWSL, premier women's soccer league, forms advisory board with Eli Manning, Magic Johnson and more investors

A massive group of current and former professional athletes, as well as cultural leaders, have come together to launch a new movement in women’s socce...

Business

ESPN, PENN Entertainment end sports betting partnership early in shock announcement

PENN Entertainment and ESPN mutually agreed to terminate their U.S. sports betting contract on Thursday.PENN and ESPN announced the decision in a join...

Business

Ken Griffin reveals '25 bullet holes' in Chicago building drove Citadel move to Miami

From a shaky Windy City to the steadier Sunshine State, Citadel CEO Ken Griffin revealed the real reason he moved his family and multi-billion-dollar...

Business

Top 5 most expensive drugs for consumers

President Trump put pharmaceutical CEOs on notice, demanding they lower drug prices or he promised to get involved. He penned a letter to 17 CEOs, in...

Business

Airlines work to limit impact as FAA cuts air traffic by 10% across 40 markets amid shutdown

Airlines said Wednesday they’re working to limit disruptions for travelers after federal officials announced new restrictions on air travel tied to th...