Business

A collection of 1692 posts

Business

Bronx high school students land N.B.A. Store slot for streetwear line

Students at the Earl Monroe New Renaissance Basketball School in the Bronx designed a streetwear brand called EVNTLLY and, after pitching to executives, landed a spot for their apparel in a section of the N.B.A. Store. The 11 student business partners built the venture through a basketball-themed curriculum

Business

Ford to convert Kentucky plant to produce LFP cells for data centers

Ford says it is spending $2 billion to convert its Kentucky factory to produce prismatic lithium iron phosphate (LFP) cells. The company said those cells are not intended for EVs but are the preferred cell format for data centers, and it expects to bring the factory online within the next

Business

Ueda signals more BOJ rate hikes as 10-year yield hits highest since 1999

Beincrypto reports that Bank of Japan Governor Kazuo Ueda used his first public appearance of 2026 at a New Year bankers conference to say the central bank will “keep raising rates in line with improvement in the economy and inflation,” signalling that the BOJ’s rate‑hiking cycle is far

Business

iRobot enters bankruptcy after failed Amazon bid and mounting debts

iRobot, the maker of Roomba vacuum cleaners, has entered bankruptcy. In recent years the company faced competition from cheaper Chinese rivals, including Picea, which pressured sales and forced reductions in headcount. A management shake-up in early 2024 saw the departure of iRobot’s co-founder as chief executive. Amazon proposed buying

Business

Unemployment Rises to 4.6% as November Job Gain Is Modest

The unemployment rate rose to 4.6 percent in November, federal data released on Tuesday showed, while employers added 64,000 jobs. The figures were delayed by a 43-day government shutdown and include belated October data. The report said the jobless rate is the highest since September 2021. It showed

Business

Ron DiMenna, Founder of Ron Jon Surf Shop Chain, Dies at 88

Ron DiMenna, the founder of the Ron Jon Surf Shop retail chain, died on Sept. 6 at his home on Merritt Island, Fla., near Cocoa Beach. He was 88. Malcolm R. Kirschenbaum, the company’s chairman and a longtime friend and adviser, said he died of a heart ailment. Mr.

Business

Jamie Dimon earned roughly $770 million in 2025 as banking rules eased

Jamie Dimon, chief executive of JPMorgan Chase, received roughly $770 million in 2025, according to the company’s disclosures, a sum made up of salary, bonuses, dividends, stock grants and appreciation in shares. The payout came as the Trump administration has loosened regulations and reduced enforcement, the article said, making

Business

European Commission proposes easing 2035 combustion‑engine production ban

European Union officials on Tuesday introduced a proposal to revise the bloc’s law requiring carmakers to stop producing gasoline- and diesel-powered cars by 2035, replacing a zero-emissions requirement with a 90 percent cut that would allow hybrids and internal-combustion vehicles to be made after the deadline. The move follows

Business

Microshifting: fitting work into short, non-continuous blocks

Microshifting, born during the pandemic, describes an extreme form of hybrid working in which people meet employment responsibilities in short, non-continuous blocks that suit their personal productivity patterns or domestic requirements. Described in the coverage as “like microdosing, but for work,” microshifting can mean concentrating on a job for an

Business

SEMA says aftermarket should not be forced into EV-only future

At the Specialty Equipment Market Association’s yearly tradeshow in Las Vegas, SEMA leaders told attendees the automotive aftermarket should not be compelled to adopt a single propulsion technology amid shifting federal policy and industry investment in electric vehicles. Senior vice president Karen Bailey-Chapman said, "Thirty-three percent of our

Business

Energy stocks rise as markets react to U.S. action in Venezuela

Oil stocks surged on Monday as investors weighed the potential consequences of the Trump administration’s military intervention in Venezuela, lifting the energy sector of the S&P 500 by 3 percent and helping the broader index gain 0.7 percent. Oil service companies such as Halliburton and SLB

Business

Chevron’s long stay in Venezuela could give it an edge if access opens

Chevron may be well positioned to benefit from recent shifts in Venezuela after President Trump reversed course over the summer and, the Times said, U.S. forces captured President Nicolás Maduro over the weekend in Caracas and increased pressure for the country to welcome U.S. energy investment. The company

Business

Oreo Reese’s Cookies return to grocery shelves nationwide

People reports that Oreo Reese’s Cookies returned to grocery stores nationwide starting Jan. 5. The sandwich cookie looks like a regular Oreo but hides Reese’s peanut butter crème and chocolate, plus a sprinkle of Oreo cookie crumbs, between the wafers. The cookie and its counterpart, Reese’s Oreo

Business

U.S. warns penalties for named European tech firms over E.U. rules

The Office of the United States Trade Representative said in a social media post on Tuesday that it had singled out European technology firms by name and would impose economic consequences unless the European Union rolled back tech regulation and lawsuits, the agency said. The U.S.T.R., led

Business

Corporation for Public Broadcasting to dissolve after federal funding cut

The Corporation for Public Broadcasting said on Monday that its board voted to dissolve the organization after Congress cut off its federal funding, ending a more than half-century role funding NPR, PBS and hundreds of local radio and TV stations across the United States. The vote formalized plans announced last

Business

Daily rituals and clear boundaries help workers switch off, experts say

Technology, hybrid working and a culture of presenteeism have blurred the line between work and leisure, making it harder for many people to switch off, according to research and workplace experts. Business in the Community (BITC) found 55% of employees feel pressed to respond to calls or check emails outside

Business

Affluent buyers keep U.S. new car sales modestly higher in 2025

New car sales in the United States are expected to have risen modestly in 2025 to about 16.3 million, buoyed largely by purchases from affluent Americans, analysts said. According to Cox Automotive, households with annual incomes of $150,000 or more now buy 43 percent of new cars, up

Business

Red tape slows European start-ups' cross-border growth

Start-ups in the European Union are growing rapidly but face persistent cross-border bureaucracy that hampers expansion. Gravity Wave, a Spanish company that recycles ocean plastic, has been slowed by E.U. transport regulations for waste and has had to find local recyclers in other countries to avoid those rules. More

Business

Simpler bankruptcy process raises student loan discharge rates, study finds

A new analysis finds that the vast majority of student loan borrowers who seek discharges in bankruptcy are succeeding, largely because of a simplified legal process introduced three years ago. According to the study by Jason Iuliano of the University of Utah, borrowers have an 87 percent success rate in

Business

Traders profited on prediction markets after Maduro’s capture

US traders appear to have made large profits by betting on the capture of Venezuela’s president, Nicolás Maduro, on prediction markets after his capture was announced on Saturday morning. Ahead of Donald Trump’s shock announcement that morning, traders seemed to have anticipated Maduro’s political demise by placing

Business

UK unemployment at 5.1% could rise further as firms face closing pressures

Independent.co reports UK unemployment reached 5.1 per cent in the three months to October — the highest level since the Covid period at the end of last year — and experts have warned it could surge further in 2026 as cost pressures force firms to close. Years of higher interest

Business

China’s oil-for-loans relationship with Venezuela faces uncertainty after Maduro ouster

China’s long-standing oil-for-loans arrangement with Venezuela is at a turning point after the ouster of Venezuela’s leader, Nicolás Maduro, raising questions about the fate of billions Beijing lent to Caracas. The partnership began in the early 2000s, when China sought energy and Venezuela under Hugo Chávez sought new

Business

Oil dips after US capture of Venezuela's president and $2bn investment plan

The price of oil fell as investors digested the impact of the US capture of the Venezuelan president, Nicolás Maduro, and news that a former Chevron executive is seeking to raise $2bn to invest in the country's oil sector. Brent crude dropped 0.7% to $60.33 a

Business

Loyalty programs sell members-only experiences redeemable with miles and points

Airlines, banks and hotels are transforming loyalty programs by letting members spend miles and credit‑card points on members‑only experiences such as backstage Broadway tours, exclusive dinners and V.I.P. access to festivals and sporting events. Programs now offer World Cup tickets with American Airlines miles, Broadway backstage

Business

Amazon home and kitchen deals under $20 include milk frothers and smart plugs

Amazon is offering steep discounts on home products right now, with all picks under $20, People reports. The roundup highlights items such as the Bonsenkitchen handheld milk frother for $8 (orig. $10), an Olanly bath mat for $10 (orig. $15) described as plush with a 1‑inch pile and machine