News - 2025-02-24

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2025-02-24

Walmart and Costco have touted that they are appealing to a more affluent shopper. Walmart has steadily been growing its appeal to higher earners for years.

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The change is part of a broad shake-up at the network, including the cancellation of Joy Reid’s program.

Stocks are eyeing a rebound as investors eye tariff risks to Nvidia in the countdown to its earnings

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Starbucks announced it will eliminate about 7% of corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan.

Navy nuclear engineer Steve Simoni predicts DOGE's impending DoD audit will uncover "all kinds of wasteful spending" amid the Pentagon's need to modernize to keep pace with China.

The jobs cuts, which will affect about 7 percent of the chain’s non-retail staff, are part of its new chief executive’s plan to win back customers.

Menu items getting the axe in the US include the Royal English Breakfast Latte.

The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.

The company's UK entity has filed for administration, with staff told to stay home.

Stocks are eyeing a rebound as investors eye tariff risks to Nvidia in the countdown to its earnings

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Starbucks announced it was laying off over 1,000 corporate workers as it tries to simplify operations as part of its "Back to Starbucks" turnaround plan.

A minister says nearly all key details have been finalised for a deal giving the US access to the country's minerals.

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The conglomerate's operating profit — earnings from the company's wholly-owned businesses — skyrocketed 71% to $14.5 billion in the fourth quarter.

If they take effect, tariffs are expected to raise costs for insurers to repair or replace cars, meaning higher premiums for auto insurance.

Pushback against Elon Musk’s latest demand to government employees reveals potential limits to his harsh approach to management and cost-cutting.

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The internet giant says it is aware customers are experiencing problems and is working to fix them.

Apple said Monday it would invest $500 billion in the US over the next four years and add 20,000 new jobs focused on engineering and AI.

The White House says the steel and aluminum industries have been harmed by unfair trade practices. Canadian officials don't agree.

A slump in major gauges last week sees futures bounce back on open with a strong week of earnings and market data release ahead.

The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.

(Bloomberg) -- Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb

(Bloomberg) -- Microsoft Corp. has begun canceling leases for a substantial amount of datacenter capacity in the US, a move that may reflect concerns about whether it’s building more AI computing than it will need over the long term, TD Cowen said in a report.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Ho

British trade secretary Jonathan Reynolds is in Delhi to kick-start two days of discussions on the deal.

(Bloomberg) -- The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New Y