Federal judge strikes down workplace protections for transgender workers
A federal judge in Texas struck down guidance from a government agency establishing protections against workplace harassment based on gender identity and sexual orientation.
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US loses last perfect credit rating amid rising debt
Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs.
Mark Zuckerberg’s Meta refuses to crack down on rampant scams from bogus ads to avoid losing revenue: report
Tech giant whose digital properties include popular social networks Facebook and Instagram is under scrutiny over its role in enabling online scams.
Moody’s strips America of its Triple-A credit rating — here’s why
Moody's was the last among major ratings agencies to keep a top, triple-A rating for US sovereign debt, though it had lowered its outlook in late 2023 due to wider fiscal deficit and higher interest payments.
TikTok to launch meditation feature as it faces slew of lawsuits alleging it’s harming kids’ mental health
The Meditation in Sleep Hours feature will be automatically switched on for all users under 18, the ByteDance-owned social media platform said.
Fresh milk and classical music: Firm posts lucrative office cat-sitting job
The job ad requires the successful candidate to play classical music to the cat on Fridays.
Fed boss Jerome Powell plans to cut central bank staff by 10% in nod to Elon Musk’s DOGE
"Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources," Powell wrote in a memo.
Mark Cuban is leaving Shark Tank — and making a $750 million return to sports
Mark Cuban is best known for turning around the fortunes of the Dallas Mavericks from worst to first, after he bought the team in 2000. After selling his majority stake in 2023 to Miriam Adelson, Cuban announced Thursday his return to a big play in the sports industry: a $750
Vietnam approves a $1.5 billion Trump golf resort project as tariff talks loom
As trade tensions between Washington and Hanoi escalate, Vietnam has approved a $1.5 billion investment from the Trump Organization to build golf courses, hotels, and real estate — in a move that might be as much about economics as it is about optics. Read more...
Five House Republicans stall Trump's 'big, beautiful' tax bill
Lawmakers from the president's own party joined all Democrats to reject a key domestic bill, demanding deeper budget cuts.
Billionaire Bill Ackman calls on Harvard’s powerful board to resign as ‘once-great’ university flounders
Ackman says “only new leadership” of the Harvard Corporation, the university’s governing body "can fix this mess."
US proposes dropping Boeing criminal charge
Families criticised the move, which would avoid a trial that is due to begin in June.
Verizon dumped DEI. Then regulators cleared its $20 billion Frontier deal
Three hours after Verizon ( VZ ) announced it was shuttering all of its diversity, equity and inclusion (DEI) programs, the Federal Communications Commission cleared the telecom giant’s $20 billion purchase of Texan company Frontier Communications ( FYBR ). Read more...
Mark Zuckerberg’s Meta asks judge to throw out FTC’s antitrust case — in middle of high-stakes trial
Meta has asked a federal judge to throw out the FTC’s landmark antitrust case – in the middle of the trial that could result in the Big Tech giant’s breakup.
Rite Aid sells pharmacy assets from 1K stores to rivals — including CVS, Walgreens — after second bankruptcy filing
The sale agreements follow its second bankruptcy filing in two years.
‘Big Short’ investor Michael Burry doubles stake in Estee Lauder, betting on luxe rebound
Burry's firm now owns 200,000 shares of Estee valued at $13.2 million.
Consumer sentiment nears rock bottom over fears of higher prices
U.S. consumer sentiment is hovering just above rock bottom, falling to its second-lowest level on record. Even in an economy that’s technically growing, households are increasingly uneasy. The culprit? Growing anxiety over tariffs, inflation, and trade policy. Read more...
Wegovy firm unexpectedly forces boss to step down
The decision, described as a response to market challenges and a slide in its share price, was unexpected.
Verizon axing DEI programs, gets FCC approval for $9.6B Frontier deal
The FCC said Verizon will be able to upgrade and expand Frontier’s existing network in 25 states, bringing more fiber to more communities.
Ozempic maker Novo Nordisk ousts CEO amid plunging share price as rival Eli Lilly gains market share
Novo's shares have plunged since hitting a record-high in June last year as competition, particularly from Eli Lilly, makes inroads into its market share and as its pipeline of new drugs has failed to impress investors.
Apple blocked ‘Fortnite’ App Store return, Epic Games says
“Fortnite” maker Epic Games said Friday that Apple has blocked its latest attempt to bring back the popular video game in the US version of its App Store.
Amazon delivery drones crashed during test flight after removal of rain-proof safety sensor: report
The twin crashes of Amazon’s MK30 drones in Oregon occurred on Dec. 16, when both aircraft abruptly shut off mid-air and slammed into the ground.
3 stocks Warren Buffett's Berkshire Hathaway is selling — and 2 stocks it's buying
Warren Buffett may be stepping down as Berkshire Hathaway’s CEO at the end of the year, but he’s still making all sorts of market moves until then. In the holding company’s latest SEC filing, Berkshire reported that it was a net seller of U.S. stocks, buying $3.2 billion and
Meta wants a judge to dismiss the FTC's antitrust case against it
Meta ( META ) has filed a motion for judgment to wrap up its antitrust trial, claiming it doesn’t want to spend more of anyone’s time or money. Facebook’s parent company claims that the Federal Trade Commission has not provided any evidence of unlawful monopoly. If granted, the
Ex-Walmart exec downplays ‘doom and gloom’ warnings over tariffs, says they can be absorbed without price hikes
Bill Simon said the world’s largest retailer is well-equipped to face the trade war and might be overstating some of its “doom and gloom” warnings.
Tesco apologises after software issue hits website and app
The company apologised to customers after its app and website went down on Friday afternoon.
Canada's iconic Hudson's Bay brand to survive after sale to competitor
The company, which applied for creditor protection, is selling its intellectual property to Canadian Tire.
Charter Communications to buy cable TV rival Cox for nearly $22B
Media companies are considering options for their once lucrative cable TV businesses that are now in decline as millions of consumers pivot to streamers such as Netflix.
Four Premier League clubs warned over gambling sponsors
Four Premier League clubs have been warned by the Gambling Commission over their relationship with an unlicensed gambling business.
Microsoft says it would sell Office without Teams to get Europe off its back
You might not need to be a Teams player anymore, if you choose not to, based on Microsoft’s ( MSFT ) offer to the European Commission to unbundle products like Word and Outlook from its Teams workplace collaboration app. Read more...
Forget trade talks: Trump says the U.S. will just tell countries their tariff rates (again)
President Donald Trump said Friday that his administration doesn’t have time to negotiate individual trade deals with scores of countries, so the administration will decide what the tariff rates will be “over the next two to three weeks.” Read more...
Meghan McCain merges YouTube show with podcast
The shift comes amid underwhelming viewership numbers for McCain's “Happy Hour,” which launched in February.
Trump reveals path to allow Abu Dhabi to import US-made AI chips
He announced the partnership on the last day of his four-day, headline-making trip to the Middle East.
How JPMorgan, Bank of America are cashing in on China Inc. — despite pressure from US lawmakers
The banks are planning to remain on the underwriting team, setting up a nasty confrontation with the committee as CATL begins to sell stock to the public.
Trump’s ‘crypto council’ has ‘no juice’ as it stumbles out of the gate on key Capitol Hill vote: sources
Without passage of a stablecoin bill, industry insiders say it will be next to impossible to push through a broader overhaul of the digital coin regulation that is also being planned.
Novo Nordisk's CEO is out after the Ozempic maker's stock dropped 50% in a year
Novo Nordisk ( NVO ) CEO Lars Fruergaard Jørgensen will step down after eight years at the helm of the Danish pharmaceutical giant responsible for the blockbuster drugs Ozempic and Wegovy, the company said Friday. Read more...
Walmart helped keep America's prices low for decades. Now it's leading them higher
Walmart ( WMT ) has acted as a deflationary force in the U.S. economy for decades, using its massive scale and supply chain dominance — especially with low-cost Chinese manufacturing — to push prices down across retail. By demanding rock-bottom prices from suppliers and passing
Thames Water bonuses could be blocked by regulator
New rules mean Ofwat could step in to prevent under-performing water companies paying any bonuses.
Ellisons will go on buying spree – should Paramount-Skydance deal ever get green light
Put simply, Paramount is too small to compete with industry giants like Comcast and Warner Bros. Discovery.
Billionaires fall as King rises in latest Sunday Times Rich List
The King's personal wealth is now equal to former prime minister Rishi Sunak and his wife at £640m.
Gatwick strike called off but disruption looms
A baggage handler's strike at half-term is suspended, but refuelers continue with their walkout.
New York and Miami lead the way in returning to the office. San Francisco lags
When COVID-19 began making the rounds in the U.S., businesses shuttered and offices emptied. Remote work became the rule rather than the exception as bedrooms and basements were converted to makeshift offices. Read more...
7 things home buyers want in 2025, according to Redfin
If you’re planning on selling your home, you want to make sure it’s as attractive to buyers as possible. Read more...
Nissan says it could share global plants with Chinese state firm
Nissan announced this week that it would lay off another 11,000 workers and shut seven factories.
Hybrid, eco-friendly zeppelins being eyed by company as major player in future of air travel: report
Eco-friendly airships are being brought to market by several start-ups, which believe that the newfangled zeppelins could satisfy a market niche of tourism and cargo shipping.
MPs call for year-long delay to farm inheritance tax
A cross-party committee says farmers have lost trust in the government over its policies.
