Business

A collection of 1072 posts

Business

Companies cite A.I. for layoffs as critics warn of ‘A.I.-washing’

Companies have increasingly cited artificial intelligence as a reason for workforce cuts, with A.I. mentioned in announcements tied to more than 50,000 layoffs in 2025, the article reports. Amazon said it was cutting 16,000 corporate jobs in addition to 14,000 announced in the fall. In a

Business

Philipp Navratil begins Nestlé turnaround; says he drinks seven or eight coffees a day

Philipp Navratil, who became Nestlé’s chief executive in September, is leading a turnaround at the Swiss food giant from its Vevey headquarters and said in a Feb. 1, 2026 interview that he drinks “seven or eight” cups of coffee a day. Nestlé, a 160‑year‑old conglomerate and the

Business

US, UK, EU and allies to meet in Washington on critical minerals

Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals. The summit is the second on the matter within a month and involves about 20 countries, including the G7 members, India, South Korea, Mexico, Australia,

Business

Business Insider writer finds nearly $1,600 in forgotten subscription charges

A Business Insider writer says she discovered nearly $1,600 in annual recurring charges after poring over a Mastercard statement covering November 11 to December 12, 2025. Worried about large credit-card amounts over the holidays, she printed the statement and found unfamiliar recurring transactions, including $19.99 to Uexton on

Business

Target’s new C.E.O. faces Minneapolis crisis as he begins turnaround

Michael Fiddelke began his tenure as Target’s chief executive on Feb. 1 as unrest unfolded a mile from the company’s Minneapolis headquarters after federal immigration agents killed Alex Pretti, an intensive care nurse who was apparently filming them with his phone. Target has been struggling with stagnant revenue

Business

Suncast Resin Vertical Tool Shed on Wayfair: roomy, leak-free storage for $399

According to People, the Suncast Resin Vertical Tool Shed is available on Wayfair for $399 as of Feb. 1, 2026, and has garnered more than 3,200 perfect five-star ratings. The piece is billed as a roomy outdoor storage option for gear, firewood and gardening tools. The shed comes in

Business

Mediawan to Buy Peter Chernin’s North Road Studio for $800M–$1B

On Friday, Jan. 30, 2026, Peter Chernin announced a deal to sell his Hollywood studio North Road to Mediawan, one of Europe’s largest content companies, in a transaction paid largely in stock that values North Road at a minimum of $800 million and up to $1 billion depending on

Business

Broad U.S. index funds now breach legal diversification thresholds, NYT columnist says

The U.S. stock market has become so concentrated that even broad index funds are no longer diversified, The New York Times columnist Jeff Sommer wrote on Jan. 30, 2026. Sommer said a handful of companies — including Nvidia, Microsoft, Alphabet and Apple, as well as Amazon, Broadcom, Meta and Tesla

Business

How Strong Is Your Financial Knowledge? Take Our Quiz

Connie Chang and Juli Fraga published a 10-question quiz in The New York Times on Jan. 30, 2026, titled "How Strong Is Your Financial Knowledge? Take Our Quiz," testing readers on credit cards, buying a home, saving for college or retirement and other wallet-related topics. The piece says

Business

Hassett’s loyalty to Trump became a liability as Warsh is named Fed nominee

Kevin A. Hassett, long viewed as a front-runner to lead the Federal Reserve, lost out on Friday when President Trump named Kevin M. Warsh as his Fed nominee, and Mr. Hassett will remain director of the National Economic Council, The New York Times reported. Mr. Hassett’s close ties to

Business

‘Melania’ documentary posts roughly $8.1 million opening; Amazon paid $75 million

Box office analysts projected on Saturday that Amazon‑backed documentary “Melania” would earn roughly $8.1 million in ticket sales in the United States and Canada in its opening weekend, a total that would be the best start for a documentary (excluding concert films) in 14 years. Amazon spent an

Business

Bob Iger to Step Down in 2026, Disney Board to Vote on Successor Next Week

According to The Wall Street Journal, Bob Iger has told people close to him he is "pulling back from daily management" and will step down as Disney CEO in 2026, likely before his contract expires at year-end. The report says a successor is expected to be appointed in

Business

Sell America trade spreads as dollar falls and U.S. markets stall

Investors are increasingly souring on the United States, a shift dubbed the "sell America" trade that has spread through global markets at the start of 2026 and is linked to a weaker dollar, a stalled U.S. stock market and rising government borrowing costs. The sentiment gained traction

Business

Buyers are acquiring abandoned European villages to create isolated retreats

Wealthy buyers and tourism entrepreneurs are buying entire abandoned villages in Spain, Portugal, Italy and elsewhere in Europe to create isolated getaways and corporate-retreat destinations. In 2024 Jason Lee Beckwith made his first down payment on Salto de Castro, a village along a river near the Portuguese border. Across Europe

Business

States have tools to lower soaring electricity bills, experts say

President Trump and Democratic and Republican governors this month announced a plan to build power plants to lower electricity bills in 13 Eastern states and the District of Columbia, but energy experts say those plants would take years to build and that states, legislatures and utility regulators have quicker tools

Business

Trump plans to nominate Kevin Warsh as Federal Reserve chair; confirmation pending

On Friday, President Trump announced he planned to nominate Kevin M. Warsh, 55, to serve as the next chair of the Federal Reserve, capping a lengthy bake-off to replace Jerome H. Powell, whose term as Fed chair concludes in May. Mr. Warsh is known as a consensus builder, skills he

Business

Emails show Goldman Sachs lawyer Kathryn Ruemmler thanked 'Uncle Jeffrey' Epstein for luxury gifts

Newly released emails show Jeffrey Epstein repeatedly sent luxury gifts to Kathryn Ruemmler, who is now Goldman Sachs' chief legal officer, and that Ruemmler at times thanked him as "Uncle Jeffrey." In one 2018 note, she wrote, "So lovely and thoughtful! Thank you to Uncle Jeffrey!

Business

Nike, Costco surprise-release Kirkland Signature SB Dunk Lows at $135

Nike and Costco teamed up to drop the Kirkland Signature Nike SB Dunk Lows at select Costco locations across the US on Friday, sparking long lines and a surprise retail launch. The shoes carried a $135 retail price, WWD reported, and the gray material was noted to be similar to

Business

Trump’s Fed pick Kevin Warsh sends gold down 12% and silver plunges as much as 32%

Gold and silver tumbled on Friday after Donald Trump named Kevin Warsh as his nominee to run the Federal Reserve, with gold down about 12% to roughly $4,786 an ounce and silver plunging as much as 32% to around $80, Business Insider reported. The moves marked dramatic reversals for

Business

Kevin Warsh nomination may struggle to deliver Trump’s sought rate cuts

President Trump nominated Kevin M. Warsh to be the next chair of the Federal Reserve on Jan. 30, 2026, praising him as “central casting,” saying he would “go down as one of the GREAT Fed Chairmen” and writing that he “will never let you down,” the article reports. The article

Business

Starmer secures visa-free travel and whisky tariff cut during China visit

Prime Minister Keir Starmer traveled to China this week with more than two dozen British business and financial leaders for the first visit by a British leader in eight years, meeting President Xi Jinping and returning with measures including short-term visa-free travel for British citizens, a cut in tariffs on

Business

Millennials and Gen Z top American Express consumer spending, execs say

For the first time, millennials and Gen Z cardholders made up the largest share of US consumer spending on American Express cards last quarter, CFO Christophe Le Caillec said on the company’s fourth-quarter earnings call. Le Caillec said those cohorts are the fastest-growing for Amex as the company targets

Business

Tesla will stop making the Model S and Model X and repurpose factory space

On Wednesday, Tesla’s chief executive, Elon Musk, announced that the company would stop making the Model S and the Model X and use the space in a California factory for robot production, the New York Times reported on Jan. 30, 2026. Introduced in 2012, the Model S was widely

Business

Stock and bond markets largely unfazed by Kevin Warsh nomination

Stock and bond markets showed little reaction to Kevin Warsh’s nomination as the next Federal Reserve chair, with the S&P 500 nudging about 0.3 percent lower in early trading on Friday, Jan. 30, 2026. Investors were also digesting hotter-than-expected inflation numbers released that morning, but the

Business

U.S. Lukoil franchisees hit by sanctions as company seeks buyer

About 200 American owners of Lukoil-branded gas stations in New Jersey, New York and Pennsylvania say they have been hurt by U.S. sanctions on the Russian oil company, and they said they were hopeful on Jan. 30, 2026 after Lukoil announced talks to sell almost all its foreign assets,