Business

A collection of 1072 posts

Business

UK and European retailers urge soy safeguards after traders leave Amazon moratorium

Leading British and European retailers have written an open letter pressing major soy traders to agree new safeguards for Amazon soy after Brazilian lawmakers and international traders abandoned the 20‑year‑old moratorium, the retailers said. The letter, from high street brands including Tesco, Sainsbury’s, Asda, Lidl, Aldi, Morrisons,

Business

Target employees ask company to bar ICE from stores in Minnesota

Businessinsider viewed a letter emailed to Target management on Friday in which hundreds of employees urged the Minneapolis-based retailer to bar ICE from its stores; the letter was signed by 284 employees, many of them Minnesota residents, and was addressed to current CEO Brian Cornell and incoming CEO Michael Fiddelke.

Business

Trump threatens to raise South Korea tariffs to 25%

President Trump said on Monday he would raise tariffs on South Korean exports, including cars, faulting Korea’s National Assembly for not approving a trade deal with the United States quickly enough. In a post on Truth Social, Mr. Trump wrote: "Because the Korean Legislature hasn’t enacted our

Business

Nike to cut 775 jobs at US distribution centers amid automation drive

Nike plans to cut 775 jobs at its distribution centers in Tennessee and Mississippi, Businessinsider reported. The company said the layoffs aim to "streamline" operations. Nike said in a statement on Monday: "We are sharpening our supply chain footprint, accelerating the use of advanced technology and automation,

Business

Washington Post reverses course, will send four reporters to Winter Olympics

The Washington Post is reversing course on its Winter Olympics plans and now expects to send four journalists to the Games in Italy, a spokeswoman confirmed. The paper had originally planned to send more than a dozen reporters, but employees were told in a terse email on Friday — less than

Business

Michael Burry says he's buying GameStop shares and backs CEO Ryan Cohen

Businessinsider reports Michael Burry said on Monday he has been buying GameStop shares and that he believes in CEO Ryan Cohen. Burry announced the position on his Substack, Cassandra Unchained, and said the trade is a long-term play rather than a bet on another meme-stock mania; the news sent shares

Business

Freezing storm strains U.S. power grid as hundreds of thousands lose electricity

As wintry conditions and frigid temperatures gripped much of the United States, hundreds of thousands of residents and businesses — largely in the southern parts of the country — were left without electricity while the nation’s power system continued to face severe strain. Most outages resulted from snow piling up on

Business

Winter storm leaves thousands of U.S. flights canceled and delayed

Air travel was slowly beginning to recover on Monday, though thousands of flights across dozens of airports remained canceled and delayed after a winter storm brought heavy snow and ice to much of the Eastern United States. Airports in the Northeast were hit the hardest. About 4,000 departing and

Business

Business leaders urged to speak out after federal killing of Alex Pretti

Businessinsider: America's business leaders have been overwhelmingly silent after federal agents shot and killed protester Alex Pretti on a Minneapolis street on Saturday. Peter Kafka says that reticence is understandable — fear of angering Donald Trump and his supporters, the administration's pressure on institutions such as law

Business

Polygamous working: holding two or more full-time jobs at once

Polygamous working — the practice of holding two or more full-time jobs simultaneously without employers knowing — has emerged as a post-pandemic phenomenon. It is often imagined as a Zoom meeting window with video disabled. The term is distinct from moonlighting, which is usually a secondary job taken to make ends meet,

Business

Fox partners with Dhar Mann Studios for 40-title micro-drama slate on My Drama

Businessinsider reports Fox is partnering with Dhar Mann Studios to create a 40-title slate of scripted series for the Fox-backed micro-drama platform My Drama. The multiyear deal will debut the initial 40 series on My Drama, after which Fox's distribution arm can sell the shows to other platforms.

Business

Goodwill posts record $7 billion in 2025 as shoppers hunt bargains

Goodwill Industries, the world’s largest thrift store chain, said it surpassed $7 billion in revenue from its roughly 3,400 stores in 2025, a record that the organization said reflects shoppers looking to stretch their dollars in an uncertain economy. The revenue was up about 7 percent from the

Business

Citi, Angi, Meta and others among companies cutting staff in 2026

Businessinsider reports that a growing list of companies are cutting staff in 2026, including Citi, Angi, T-Mobile, Meta, and dozens of others. Angi said it is cutting around 350 jobs, attributing the move in part to "AI-driven efficiency improvements," and told investors in an SEC filing the reductions

Business

Disney insiders say they are enjoying Netflix‑Paramount battle for Warner Bros.

Pagesix reports that a senior Disney executive said, "I'm loving watching all this unfold," as Netflix and Paramount jockey to acquire Warner Bros. The chatter inside Disney, the source added, carries an "eerie resemblance to schadenfreude." Insiders noted Disney is still dealing with a

Business

More than 60 Minnesota CEOs call for ‘de-escalation’ after shooting

Chief executives from more than 60 large Minnesota companies, including leaders at Target, Best Buy, General Mills and Cargill, issued a public letter calling for an “immediate de-escalation of tensions” in the state after federal agents shot and killed Alex Pretti in Minneapolis, the letter said. The statement, shared by

Business

Europe’s growing reliance on U.S. LNG raises political leverage concerns

Analysts warn that Europe’s increasing dependence on liquefied natural gas from the United States could become a political pressure point amid smoldering tensions between Washington and Brussels. After Russia’s 2022 invasion of Ukraine squeezed pipeline supplies, large U.S. shipments of L.N.G. helped calm markets. U.

Business

Business and tech leaders react to ICE killing of Alex Pretti in Minneapolis

Federal immigration officers shot and killed Alex Pretti, 37, in Minneapolis on Saturday — the second fatal shooting of a US citizen by ICE in the city this month, Businessinsider reported. The killing drew sharp responses from business and tech leaders and renewed street protests. More than 60 CEOs of Minnesota-based

Business

Trump’s Davos visit calms some, leaves business leaders uneasy

President Trump’s appearance at the World Economic Forum in Davos was met with both relief and anxiety after he announced a “framework” for an agreement over the future of Greenland and the Arctic and walked back threats of military action and tariffs; some attendees texted one another “Taco!” after,

Business

Davos shifts from globalist virtue signaling to a business-first gathering

At the World Economic Forum in Davos, Katrin Bennhold spoke with her colleague Peter Goodman, a longtime attendee, who said the meeting’s pretense of being gathered “to improve the state of the world” has largely disappeared and that the event now reads more like a business conference. Goodman traced

Business

Personal Consumption Expenditures up 2.8% year‑over‑year in November, Fed gauge shows

Consumer prices rose moderately in October and November, the Federal Reserve’s preferred gauge for inflation showed, with the Personal Consumption Expenditures price index up 0.2 percent in both months and 2.8 percent year over year in November, the data released on Thursday said. The reading, while far

Business

Some full-time prediction-market traders report seven-figure gains

A small cohort of full-time traders on prediction-market platforms such as Kalshi and Polymarket are reporting sizable profits, sometimes into the millions, according to a recent profile. One example is Joel Holsinger, 26, who quit his job as a corporate C.P.A. to trade full time and was two

Business

Mississippi Delta farmers left with unsold rice as prices tumble

Farmers across Mississippi’s Delta are struggling to sell harvested rice after prices fell below production costs, and some have even considered letting the grain rot. Jack Westerfield of Merigold said he could not sell 2.2 million pounds of rice and has contemplated dumping it. Rice futures declined about

Business

Hemp-derived THC drink sales surge as new federal cap could remove products from shelves

Sales of beverages made with hemp-derived THC have surged in mainstream retailers, but a new federal limit on THC per drink could push many products off shelves. At a Stew Leonard’s store in Paramus, N.J., stacks of hemp-infused drinks occupy prominent space in the liquor department as retailers

Business

1907 Crocker‑McMillin mansion in New Jersey listed for $19 million in bankruptcy

Businessinsider reports the 1907 Crocker‑McMillin mansion in Mahwah, New Jersey, is up for bankruptcy sale, listed at $19 million after the property was forfeited to the bankruptcy estate of Miles Guo in 2024. The 50,000‑square‑foot, 75‑room estate features extensive wood and marble carvings and its

Business

Trump sues JPMorgan in Florida, seeks $5 billion over 2021 account closures

President Trump filed a lawsuit in Florida on Jan. 22, 2026, alleging that JPMorgan Chase stopped doing business with him for political reasons after the Jan. 6, 2021, attack on the Capitol and seeking $5 billion in damages. The suit also names JPMorgan chief executive Jamie Dimon as a defendant.