Business

A collection of 1072 posts

Business

Mercedes-Benz to Pay Up to $150 Million in U.S. Diesel Emissions Settlement

Mercedes-Benz Group AG will pay up to $150 million in a settlement with nearly all U.S. states over allegations that it used software “defeat devices” to cheat emissions tests in diesel vehicles. State officials said the company sold more than 211,000 vehicles nationwide from 2008 to 2016 equipped

Business

Markets Bet on Multiple 2026 Rate Cuts Even as Fed Signals Only One

A widening gap has emerged between the Federal Reserve and financial markets over US interest rate expectations for 2026, Beincrypto reports. Markets are pricing in two to three rate cuts for the year, while the Fed’s official guidance points to just one reduction. Prediction platform Polymarket assigns a 12%

Business

Gray-market Chinese peptides gain traction among Silicon Valley tech workers

Gray-market peptides, often called "Chinese peptides," have spread through parts of Silicon Valley’s tech community, showing up at hacker houses, start-up offices and themed "peptide raves." Enthusiasts in their 20s and 30s say they use the drugs for weight loss, productivity, fitness and other forms

Business

Experts say Toyota Prius marketing helped politicize hybrids and electric cars

The political polarization of battery-powered cars in the United States may trace back to the marketing of the Toyota Prius about 25 years ago, some experts say. They argue that Prius advertising framed the car as a way to "save the planet," a message that energized some buyers

Business

U.S. pauses tech pact with Britain, citing insufficient progress on trade

The United States informed the British government this month that it would pause fulfilling a technology-related part of their agreement, the Tech Prosperity Deal, according to two people familiar with the decision who were not authorized to speak publicly. American officials said the move reflected a view that Britain had

Business

Bronx high school students land N.B.A. Store slot for streetwear line

Students at the Earl Monroe New Renaissance Basketball School in the Bronx designed a streetwear brand called EVNTLLY and, after pitching to executives, landed a spot for their apparel in a section of the N.B.A. Store. The 11 student business partners built the venture through a basketball-themed curriculum

Business

Ford to convert Kentucky plant to produce LFP cells for data centers

Ford says it is spending $2 billion to convert its Kentucky factory to produce prismatic lithium iron phosphate (LFP) cells. The company said those cells are not intended for EVs but are the preferred cell format for data centers, and it expects to bring the factory online within the next

Business

Ueda signals more BOJ rate hikes as 10-year yield hits highest since 1999

Beincrypto reports that Bank of Japan Governor Kazuo Ueda used his first public appearance of 2026 at a New Year bankers conference to say the central bank will “keep raising rates in line with improvement in the economy and inflation,” signalling that the BOJ’s rate‑hiking cycle is far

Business

iRobot enters bankruptcy after failed Amazon bid and mounting debts

iRobot, the maker of Roomba vacuum cleaners, has entered bankruptcy. In recent years the company faced competition from cheaper Chinese rivals, including Picea, which pressured sales and forced reductions in headcount. A management shake-up in early 2024 saw the departure of iRobot’s co-founder as chief executive. Amazon proposed buying

Business

Unemployment Rises to 4.6% as November Job Gain Is Modest

The unemployment rate rose to 4.6 percent in November, federal data released on Tuesday showed, while employers added 64,000 jobs. The figures were delayed by a 43-day government shutdown and include belated October data. The report said the jobless rate is the highest since September 2021. It showed

Business

Ron DiMenna, Founder of Ron Jon Surf Shop Chain, Dies at 88

Ron DiMenna, the founder of the Ron Jon Surf Shop retail chain, died on Sept. 6 at his home on Merritt Island, Fla., near Cocoa Beach. He was 88. Malcolm R. Kirschenbaum, the company’s chairman and a longtime friend and adviser, said he died of a heart ailment. Mr.

Business

Jamie Dimon earned roughly $770 million in 2025 as banking rules eased

Jamie Dimon, chief executive of JPMorgan Chase, received roughly $770 million in 2025, according to the company’s disclosures, a sum made up of salary, bonuses, dividends, stock grants and appreciation in shares. The payout came as the Trump administration has loosened regulations and reduced enforcement, the article said, making

Business

European Commission proposes easing 2035 combustion‑engine production ban

European Union officials on Tuesday introduced a proposal to revise the bloc’s law requiring carmakers to stop producing gasoline- and diesel-powered cars by 2035, replacing a zero-emissions requirement with a 90 percent cut that would allow hybrids and internal-combustion vehicles to be made after the deadline. The move follows

Business

Microshifting: fitting work into short, non-continuous blocks

Microshifting, born during the pandemic, describes an extreme form of hybrid working in which people meet employment responsibilities in short, non-continuous blocks that suit their personal productivity patterns or domestic requirements. Described in the coverage as “like microdosing, but for work,” microshifting can mean concentrating on a job for an

Business

SEMA says aftermarket should not be forced into EV-only future

At the Specialty Equipment Market Association’s yearly tradeshow in Las Vegas, SEMA leaders told attendees the automotive aftermarket should not be compelled to adopt a single propulsion technology amid shifting federal policy and industry investment in electric vehicles. Senior vice president Karen Bailey-Chapman said, "Thirty-three percent of our

Business

Energy stocks rise as markets react to U.S. action in Venezuela

Oil stocks surged on Monday as investors weighed the potential consequences of the Trump administration’s military intervention in Venezuela, lifting the energy sector of the S&P 500 by 3 percent and helping the broader index gain 0.7 percent. Oil service companies such as Halliburton and SLB

Business

Chevron’s long stay in Venezuela could give it an edge if access opens

Chevron may be well positioned to benefit from recent shifts in Venezuela after President Trump reversed course over the summer and, the Times said, U.S. forces captured President Nicolás Maduro over the weekend in Caracas and increased pressure for the country to welcome U.S. energy investment. The company

Business

Oreo Reese’s Cookies return to grocery shelves nationwide

People reports that Oreo Reese’s Cookies returned to grocery stores nationwide starting Jan. 5. The sandwich cookie looks like a regular Oreo but hides Reese’s peanut butter crème and chocolate, plus a sprinkle of Oreo cookie crumbs, between the wafers. The cookie and its counterpart, Reese’s Oreo

Business

U.S. warns penalties for named European tech firms over E.U. rules

The Office of the United States Trade Representative said in a social media post on Tuesday that it had singled out European technology firms by name and would impose economic consequences unless the European Union rolled back tech regulation and lawsuits, the agency said. The U.S.T.R., led

Business

Corporation for Public Broadcasting to dissolve after federal funding cut

The Corporation for Public Broadcasting said on Monday that its board voted to dissolve the organization after Congress cut off its federal funding, ending a more than half-century role funding NPR, PBS and hundreds of local radio and TV stations across the United States. The vote formalized plans announced last

Business

Daily rituals and clear boundaries help workers switch off, experts say

Technology, hybrid working and a culture of presenteeism have blurred the line between work and leisure, making it harder for many people to switch off, according to research and workplace experts. Business in the Community (BITC) found 55% of employees feel pressed to respond to calls or check emails outside

Business

Affluent buyers keep U.S. new car sales modestly higher in 2025

New car sales in the United States are expected to have risen modestly in 2025 to about 16.3 million, buoyed largely by purchases from affluent Americans, analysts said. According to Cox Automotive, households with annual incomes of $150,000 or more now buy 43 percent of new cars, up

Business

Red tape slows European start-ups' cross-border growth

Start-ups in the European Union are growing rapidly but face persistent cross-border bureaucracy that hampers expansion. Gravity Wave, a Spanish company that recycles ocean plastic, has been slowed by E.U. transport regulations for waste and has had to find local recyclers in other countries to avoid those rules. More

Business

Simpler bankruptcy process raises student loan discharge rates, study finds

A new analysis finds that the vast majority of student loan borrowers who seek discharges in bankruptcy are succeeding, largely because of a simplified legal process introduced three years ago. According to the study by Jason Iuliano of the University of Utah, borrowers have an 87 percent success rate in

Business

Traders profited on prediction markets after Maduro’s capture

US traders appear to have made large profits by betting on the capture of Venezuela’s president, Nicolás Maduro, on prediction markets after his capture was announced on Saturday morning. Ahead of Donald Trump’s shock announcement that morning, traders seemed to have anticipated Maduro’s political demise by placing