Business

A collection of 1684 posts

Business

Amazon sells cleaning essentials under $10, including Scrub Daddy and The Pink Stuff

People reports Amazon is offering a range of cleaning essentials priced under $10, including Scrub Daddy sponges, Stardrops The Pink Stuff cleaning paste and Dawn Powerwash spray. Prices start at $3; examples listed include Windex Glass and Window Cleaner, $3 (orig. $4); Scrub Daddy Sponge, $7; Dawn Powerwash Spray Dish

Business

Industrial demand could limit silver's rapid price rise, Saxo warns

Businessinsider reports that Saxo Bank says silver's rapid price rise may be capped as industrial users begin to cut usage or seek substitutes. The spot silver price hit a fresh record above $93 per troy ounce this week and is up nearly 26% in 2026 after about a

Business

Uber CEO visits Kaga as company expands rural ride‑hailing in Japan

Uber’s chief executive, Dara Khosrowshahi, visited Kaga, a small hot‑springs town in western Japan, and hailed a car outside the municipal offices as he said the company intends to grow “outside of the big cities” there. Japan has long restricted Uber’s app to hailing licensed taxis, and

Business

Ford suspends worker who heckled Trump during plant tour

Businessinsider reported that Ford suspended a worker after he heckled President Donald Trump during a walk-through of a pickup truck assembly plant. Reporters spoke to five legal and workplace experts, including four employment lawyers and an HR executive, who said private‑sector employees rarely have First Amendment protection at work.

Business

US and Taiwan agree to cut tariffs and secure at least $250bn in chip investment

The US said on Thursday that it had signed a deal with Taiwan to reduce tariffs on goods from the island while increasing Taiwanese semiconductor and tech companies’ investments in the United States. The commerce department said the agreement "will drive a massive reshoring of America’s semiconductor sector&

Business

Jamie Dimon says he called Warren Buffett after hiring Todd Combs

Businessinsider reports JPMorgan CEO Jamie Dimon said he phoned Warren Buffett after hiring Todd Combs, a longtime Berkshire lieutenant who left to join JPMorgan. Dimon said Combs will lead a new $10 billion group at the bank and serve as a special advisor to him. Combs had been at Berkshire

Business

Trump’s Venezuelan oil ambitions face steep economic and political hurdles

Donald Trump — described in the piece as "now self-anointed acting president of Venezuela, as well as the United States" — may be keen to appropriate Venezuela's oil, the article says, driven in part by hopes of cheaper fuel and quick cash. The write-up lists several possible motives:

Business

U.S. agrees tariff cut as Taiwan pledges $250 billion in U.S. chip investment

The United States announced a trade agreement with Taiwan that will lower U.S. tariffs on Taiwanese goods to 15 percent from 20 percent, while Taiwan has pledged $250 billion in semiconductor and technology manufacturing investment in the United States, the Commerce Department said. Taiwan’s government said it would

Business

Harold’s Chicken CEO Kristen Pierce-Sherrod dies, family says

People reports Kristen Pierce-Sherrod, CEO of Harold's Chicken and daughter of founder Harold Pierce, has died, her family announced in a since-deleted statement posted to Instagram on behalf of Harold's Chicken Corporate and the Chicago Children's Equestrian Center. "On behalf of Harold'

Business

Unstructured enterprise data is leaving AI without vital context

Businessinsider: Manish Sood, CEO and founder of Reltio, writes that roughly 80% of enterprise information — including emails, contracts, call transcripts, PDFs, and clinical notes — is unstructured and typically excluded from the data layers that feed AI. The article says models can read unstructured text but still need clean, connected, trusted

Business

Kathleen Kennedy steps down as Lucasfilm president; Filoni and Brennan succeed her

Disney said on Thursday that Kathleen Kennedy will step down as president of Lucasfilm after nearly 14 years and return to producing. She will be succeeded immediately by Dave Filoni, who will hold the title of president while remaining chief creative officer, and Lynwen Brennan, who will be co‑president.

Business

Leonard D. Jacoby, Founder of Low-Cost Legal Clinics, Dies at 83

Leonard D. Jacoby, who co-founded the law firm Jacoby & Meyers and helped bring low-cost legal services and advertising to everyday Americans, died on Monday in Manhattan. He was 83; his stepdaughter Lindsey Schank said the death, at a hospital, was from complications of cardiac arrest. Mr. Jacoby and Stephen

Business

Saks Global files for bankruptcy amid century-long shifts in department stores

Businessinsider reports Saks Global, the parent company of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, filed for bankruptcy on Tuesday. Department stores have changed dramatically over the last 100 years. In the early 1900s they sold necessities such as food, home goods, and apparel; today many also sell novelty

Business

U.S. lawmakers and some tech executives push to make data centers pay more for power

Governors, senators and some technology executives across the United States are increasingly calling for data center companies to pay more for electricity, citing strain on the power grid and higher consumer costs. A growing body of research suggests the rapid expansion of data centers to support artificial intelligence is beginning

Business

Plans for Fannie Mae and Freddie Mac IPO Remain Unclear After White House Push

Six months after President Trump urged major banks to prepare an initial public offering for Fannie Mae and Freddie Mac, there is still no firm plan for taking the government-controlled mortgage firms public, several people briefed on the process said. The government has retained the law firm Sullivan & Cromwell

Business

Saks Global files for chapter 11 after Neiman Marcus deal

Saks Global has filed for chapter 11 bankruptcy, the company announced on Wednesday. The group was formed after a deal that combined Saks Fifth Avenue with Neiman Marcus and Bergdorf Goodman under a single holding company. The filing follows a costly acquisition: Saks announced a $2.7bn deal to buy

Business

Big U.S. Banks Report Disappointing Quarterly Results Amid Policy and AI Questions

This week the nation’s largest banks — Bank of America, Citi, JPMorgan Chase and Wells Fargo — reported quarterly earnings that fell short of expectations, and their shares declined, marking what The New York Times described as the first stumble after a yearlong run of rising markets and easing regulations. The

Business

Why petrol prices differ so much between nearby UK filling stations

Petrol prices in the UK can vary by several pence per litre between neighbouring filling stations, according to motorists’ groups. The AA’s figures showed prices in Horsham ranging from 136.9p to 140.9p a litre, while about 10 miles away in Crawley they were 128.9p to 131.

Business

TSMC's record quarterly profit lifts chip stocks and renews AI optimism

Businessinsider reported that Taiwan Semiconductor Manufacturing Company posted fourth-quarter results and a record quarterly profit, sending chip stocks higher as traders cheered fresh signs of AI strength. TSMC blew past analyst estimates on multiple metrics, reporting a record 35% quarterly profit. Revenue rose 20% year over year, while both net

Business

Bitmine Immersion invests $200 million in MrBeast’s company

Tom Lee’s Bitmine Immersion has invested $200 million in MrBeast’s company. The investment gives Bitmine a stake in a brand the provided material described as having strong Gen Z and millennial appeal, reaching over 450 million subscribers across its YouTube channels. The provided material did not include further

Business

Howard Marks says gold can't be fairly priced, questions store-of-wealth claim

According to Businessinsider, in a fireside chat at Pepperdine University, Oaktree Capital cofounder Howard Marks questioned gold's reputation as a store of wealth and said there is no way to tell if the metal is being priced fairly. Marks contrasted gold with assets such as stocks, bonds, and

Business

Trump pledges U.S. investment in Venezuela, but oil and politics cloud prospects

After the audacious U.S. capture of Nicolás Maduro early this month, President Trump promised tens of billions of dollars of American capital would pour into Venezuela and said the intervention was "already making Venezuela rich and safe again," The New York Times reported. The paper observes that

Business

McDonald’s CEO names fiber, sweet‑and‑spicy flavors, and drinks as 2026 trends

Businessinsider reports McDonald's CEO Chris Kempczinski said on Monday via Instagram that three food trends will define 2026: fiber, sweet-and-spicy flavor combinations, and beverage innovation. Kempczinski prefaced his list by saying he wanted to "do a little bit of a victory lap" because his 2025 predictions

Business

Saks flagship nearly empty hours before parent filed for bankruptcy

Businessinsider reports that late on Tuesday night Saks Global — the parent company of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus — filed for bankruptcy, and a reporter who visited the Saks flagship earlier that day found nearly empty floors, bored sales associates, blacked-out window displays, and steep discounts. The filing

Business

JPMorgan posts $57 billion profit in 2025, cites multiple headwinds

JPMorgan Chase, the nation’s largest bank, reported $57 billion in profit for 2025, down from a record $59 billion in 2024, the bank said on Tuesday. The bank, which recently moved into new headquarters in Manhattan, described the result as mixed. Executives flagged several factors that limited earnings growth,