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    Economy

    167 posts
    • Economy

    Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

    • July 1, 2025
    • admin
    Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.…
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    • Economy

    Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

    • June 30, 2025
    • admin
    Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from…
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    • Economy

    Bumble shares jump 26% as dating company plans to axe 30% of workforce

    • June 27, 2025
    • admin
    Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240…
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    • Economy

    Divided Fed proposes rule to ease capital requirements for big Wall Street banks

    • June 27, 2025
    • admin
    The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the…
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    • Economy

    Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    • June 27, 2025
    • admin
    The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each…
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    • Economy

    Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

    • June 26, 2025
    • admin
    Chris Schwegmann is getting creative with how artificial intelligence is being used in law. At Dallas-based boutique law firm Lynn Pinker Hurst & Schwegmann, he sometimes asks AI to channel…
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    • Economy

    Nvidia CEO Huang sells $15 million worth of stock, first sale of $873 million plan

    • June 26, 2025
    • admin
    Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities and Exchange Commission. The sales are worth…
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    • Economy

    How Fanatics is teaching business acumen to pro athletes

    • June 25, 2025
    • admin
    Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them for life off the field. More than two dozen NBA, NFL and NHL players…
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    • Economy

    Apple sued by shareholders who allege it overstated AI progress

    • June 24, 2025
    • admin
    Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its…
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    • Economy

    Walmart to pay $10 million to settle lawsuit over money transfer fraud

    • June 24, 2025
    • admin
    Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer…
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