Deira Trading Company

Toy manufacturing won’t come to U.S., but price hikes will

One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company […]

Movie studio stocks fall after Trump proposes foreign film tariff

The famed Hollywood sign is viewed on September 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Investors in Hollywood’s top studios and streaming services tried to make sense Monday of President Donald Trump’s proposed 100% tariff on movies made overseas. Shares of Netflix, Disney, Paramount and Warner Bros. Discovery briefly fell in […]

Skechers to be acquired by 3G Capital in take-private deal

The entrance of the Skechers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced […]

Newark flight delays sparked by air traffic control failure

People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays […]

Trump signs order to boost U.S. drug manufacturing

U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025. Leah Millis | Reuters President Donald Trump on Monday signed an executive order to incentivize prescription drug manufacturing in the U.S., streamlining the path for pharmaceutical companies to build new production […]

FanDuel Sports Network touts streaming subscriber growth

The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers. FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year. […]

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