U.S. foreign tax bill sends jitters across Wall Street
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax system. Investment banks and law firms warn this…
Economy
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Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is…
Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says
Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off…
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal
E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into…
Nvidia results spark global chip rally
Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks. Shares of Nvidia were 6% higher after the company posted better-than-expected…
Macy’s CEO says retailer will hike some prices as tariffs cut into profits
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to…
23andMe to delist from Nasdaq, deregister with SEC
23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to a release. The move comes after Regeneron Pharmaceuticals…
Walmart fined for shipping realistic toy guns to New York, violating state law
Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney…
Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming
Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings…
Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.
The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone. Last week, Trump said he “had a little…