‘I’m asking for a friend’: Will the IRS write off $60,000 lost in a romance phishing scam?
“The bank did try to stop them from executing the transfers.”
Nike to lay off about 1% of corporate staff
Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. It’s unclear how many jobs will be impacted. Nike’s EMEA and Converse businesses will not be impacted. “As […]
Equal-weight S&P 500 sees longest winning streak since 2021 amid September rate-cut expectations
The equal-weight version of the S&P 500 just booked its longest streak of monthly gains since 2021.
‘De minimis’ exemption ends globally
The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now, […]
Why Trump’s global tariffs were rejected in court — and what comes next
The White House says it anticipates an “ultimate victory” in the case over the president’s tariffs.
Spirit Airlines files for Chapter 11 bankruptcy again
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines on Friday filed for bankruptcy protection for the second time in a year, just months after the country’s largest budget carrier […]
Inaugural Essence HBCU Classic football game to kick off Saturday in Boston
FILE PHOTO: A general view of the field during the Yale Bulldogs vs Harvard Crimson football game at Harvard Stadium in Boston, Massachusetts. Adam Glanzman | Getty Images A new tradition for HBCU football could be starting at one of the nation’s oldest football stadiums on the campus of Harvard University. “It’s really a cultural […]
To fuel AI’s insatiable appetite, Nvidia and Big Tech are doubling down on nuclear
Nvidia joins Google in backing nuclear-fusion startup Commonwealth Fusion Systems.
Americans expected to bet record $30 billion legally
The college football season has kicked off, and the NFL’s regular season begins next week, which means sportsbooks are getting ready for the biggest opportunity of the year to sign up new customers and grow the wagering pot. Americans are expected to wager a record $30 billion this NFL season through legal gambling, an 8.5% […]
Others likely to follow Caterpillar’s tariff-cost warning as prices rise
Raymond James analyst Tim Thein cut his earnings targets for Caterpillar after the bulldozer maker bumped up its cost estimates for tariffs.
