Business

The CEO in chief: How Trump is getting what he wants from big business

For years, conservative groups and corporate leaders argued that the U.S. government would be better if it were run like a business. For President Donald Trump, who has controlled his own businesses for decades, that looks like taking an increasingly active role in individual corporations’ affairs, from manufacturing to media to tech firms. And corporations

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Business

Ulta and Target will end deal for in-store beauty shops next year

Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores. Shares of Target fell about 2% in early trading, while Ulta’s stock slid about 1%. In a news release, the companies said the partnership — which also added some of

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Business

Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations

Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which

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Business

What Trump’s Nvidia and AMD China deal means for the world

Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals. In exchange for the revenue cut, the two semiconductor companies will receive

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Business

A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates.

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Business

ESPN, Fox to bundle upcoming streaming services for $39.99 a month

Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday. The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular. Last week, both companies announced additional details about the new

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Business

Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

Apple has been sued by a Texas company that accused the iPhone maker of stealing its technology to create its lucrative mobile wallet Apple Pay. In a complaint made public on Thursday, Fintiv said Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014, and now used in hundreds

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Business

Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday with potentially dozens of more to come. This time around, the store has a

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Business

Trump demands resignation of Intel CEO over alleged China ties

President Donald Trump on Thursday demanded that the CEO of the tech firm Intel resign immediately, saying he is “highly conflicted” because of alleged ties to China. “There is no other solution to this problem,” Trump wrote on Truth Social. Trump’s attack on the Intel chief is his latest attempt to pressure the semiconductor industry,

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Business

Claire’s, known for piercing millions of teens’ ears, files for Chapter 11

Mall-based teen accessories retailer Claire’s, known for helping usher millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — collectively Claire’s

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