Warner Music to cut additional 150 jobs in restructuring push
In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.
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Would you let AI plan your next holiday?
Artificial intelligence is being developed to help organise holidays, but is it any good?
'Painful' Budget warning spooks people's confidence
Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.
Trump suggests capping annual credit card interest rates at 10% — but critics fear ‘price controls’
"Trump just proposed his own version of price controls," one economist said.
Trump Media stock sinks as former president can finally sell his shares
The six-month lockup period was put in place after Trump Media consummated its merger with a blank-check company.
Nike boss steps down as company veteran returns
The company looks to shake things up as demand for its trainers falters in international markets.
Nike's CEO is leaving — and its next chief is coming out of retirement
A leadership change is underway at Nike ( NKE ) as current CEO John Donahoe steps down, and longtime veteran Elliott Hill takes the helm, the company said on Thursday. Shares of Nike jumped by over 7% in after-hours trading following the announcement. Read more...
Nearly 138K beds sold at Amazon and Walmart recalled after reports of them collapsing during use
Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the US and Canada because they can collapse, posing fall and injury risks.
Walmart is introducing a pay-by-bank system to avoid pesky credit card fees
Walmart ( WMT ) plans to introduce an upgraded payment system that will give shoppers the option to pay directly from their bank accounts for items they buy online, a company spokesperson confirmed to Quartz. This bold move could potentially reduce fees for the retailer. Read
Nike CEO calls it quits as sportswear giant’s sales sink
Nike is shaking up its top rank amid efforts to revive sales and battle rising competition.
Taylor Swift's Eras Tour means big bucks for United Airlines
United Airlines ( UAL ) says it’s seen a surge in demand for flights, thanks to Taylor Swift’s Eras Tour. Read more...
Gayle King signs new deal to stay at CBS — despite cost-cutting at network: ‘Win-win’
CBS News has renewed the contract of its biggest star Gayle King — even as the Tiffany Network continues to face brutal cost cuts, The Post has learned. The 69-year-old “CBS Mornings” co-host’s decision to return to the the last-place morning show comes at a tumultuous time for
9 of China's top AI models and startups
The U.S. has spent years wielding its trading powers to slow China’s advanced chipmaking efforts — but that hasn’t stopped the country from developing its own competitors in the artificial intelligence race. Read more...
Saudi Arabia's desert megacity is so controversial that even its mom influencers are giving up
In many respects, Jessica Herman’s TikToks are indistinguishable from countless other online vlogs, depicting the lives of young women for their social media followers. The South African mother-of-two films herself playing with her two young sons, going for walks in her
Elon Musk's pro-Trump super PAC is spending millions on House races
A conservative group backed by Tesla ( TSLA ) CEO Elon Musk and several other tech figures has started spending millions of dollars in more than a dozen tight House races. Read more...
Disney to reportedly stop using Slack after hack exposes company secrets
In August, Disney said it was investigating an unauthorized release of over a terabyte of data from one of its communication systems.
Bill Gates would like to make rich people a lot less rich
Bill Gates says he would raise taxes for about 70% of the wealthiest Americans if he controlled the U.S. tax system. Read more...
Embattled hedge fund Two Sigma in talks to pay feds whopping $100M fine, report says
Two Sigma co-founders John Overdeck and David Siegel decided to step down as Chief Executive Officers in August.
Starbucks should make a bold move in China to boost its business, Bank of America says
Starbucks ( SBUX ) may benefit from licensing its operations in China, Bank of America ( BAC ) said in a research note. The firm notes that “spinning China” could enhance the value of the coffee chain as it navigates a challenging market environment . Read more...
Bates hits out at slow Post Office scandal payments
The campaigner says it is time for a commitment for certain claims to be paid out over the next six months.
JetBlue to open ‘exclusive’ airport lounges in NY, Boston
The lounges will include cocktail and espresso bars, complimentary food and beverages and spaces to work with charging stations, JetBlue said.
JetBlue is frustrated with its Airbus engine troubles
JetBlue Airways ( JBLU ) is frustrated with the state of its Airbus ( EADSY ) jets. CEO Joanna Geraghty said Thursday that it is less than ideal to have engine problems sidelining essentially brand-new aircraft. Read more...
Olive Garden’s owner sees stock surge as it gives upbeat sales forecast, discloses Uber delivery deal
Darden reported weaker-than-expected earnings on Thursday, but it reaffirmed its full-year outlook and said sales have been improving.
Mortgage rates creep closer to 6% — the lowest level since early 2023
The latest pullback in rates should help spur demand for refinancing and home purchase loans, said Sam Khater, Freddie Mac’s chief economist.
Trump Media stock hit a new low right before Donald Trump can dump his shares
Trump Media & Technology Group stock hit a new post-merger low of $14.56 per share just hours before the company’s lock-up agreement is set to end. Read more...
Social media companies slammed for ‘woefully inadequate’ data collection safeguards: FTC
Data privacy, particularly for kids and teens, has been a hot-button issue.
Home sales ‘disappointing again’ — but Fed rate cut could be silver lining for buyers
Lower mortgage rates could entice more homeowners to put their homes on the market, which could increase supply.
Amazon faces struggle to find enough workers to fill jobs at new $550M facility in NY
In 2022, local government agencies approved a $124 million package of tax incentives to Amazon in order to entice the company to build the facility.
Dow, S&P 500 close at all-time highs day after Fed delivers big rate cut
The blue-chip index had soared as much as 600 points to an all-time high of 42,105.01.
Boeing strike: 'My $28-an-hour pay isn't enough to get by'
BBC News speaks to Boeing workers on the picket line about why they feel they have no choice but to strike.
EU threatens Apple with fines if it doesn’t open up highly guarded iOS software to rivals
EU authorities say Apple has failed to come into compliance with the Digital Markets Act, a newly enacted regulation aimed at large tech companies.
People aren't going to Olive Garden as much — but the stock is jumping on a new Uber deal
Dining out can be a cherished experience, but today’s consumers are increasingly opting to stay home and save . Read more...
