Warren asks FTC to consider blocking Dick’s-Foot Locker merger
Foot Locker and Dick’s Sporting Good stores. Reuters Sen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting Goods’ proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition. The missive, sent Tuesday evening, asks the agencies […]
McDonald’s (MCD) Q2 2025 earnings
A corporate logo for McDonald’s hangs above the door of a restaurant on Broadway in New York City on June 11, 2025. Gary Hershorn | Corbis News | Getty Images McDonald’s on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as buzzy promotions helped its U.S. restaurants rebound. Here’s what the company reported […]
Banned Coinbase ad portrays a dystopian Britain — with only crypto as an exit
A controversial ad gets banned from television — for a message that is only implied.
Disney (DIS) earnings Q3 2025
A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California. Mario Tama | Getty Images Disney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and movies businesses, as well as its theme parks. […]
High tariffs drive China imports down to a 16-year low. But U.S. trade deficits are still as big as ever.
High tariffs on China-made products drove U.S. imports from the world’s second-largest economy to a 16-year low in June — yet the dramatic shift hasn’t put a big dent in America’s overall trade deficit.
AI is impacting the labor market, young tech workers: Goldman economist
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to […]
Corona’s parent is looking for more beer drinkers. Why Budweiser could be the buzzkill.
ICE raids have hurt beer demand for Corona’s parent company. Its search for sales elsewhere could hit these obstacles.
Trump says JPMorgan Chase, Bank of America rejected him as a customer
President Donald Trump said Tuesday that the two largest American banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts. Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to […]
CEO training ground for the restaurant industry
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty Images Looking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands. The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has […]
CEOs are acting like it’s the ‘Great Recession’ — and that’s crushing this stock
Gartner’s stock was having its worst day since 1999, as a historic drop in CEO confidence led the IT consultant to cut its revenue outlook.
