Economy

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow through on commitments to help…

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Economy

Macy’s confirms rogue employee hid $151 million in expenses over three years

December 11, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a statement accompanying its quarterly earnings results,…

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Economy

Judge blocks Albertsons-Kroger $25 billion supermarket merger

December 11, 2024

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling that the Federal Trade Commission’s concerns about the…

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Economy

How the Olympics helped transform Salt Lake City into a tech hub

December 11, 2024

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy of the 2002 Winter Olympics to transform into…

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Economy

How the New York Mets can justify paying one player $765 million

December 11, 2024

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic” endeavor, in an interview with CNBC’s Andrew Ross…

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Economy

Women’s basketball league Unrivaled signs uniform deal with Under Armour

December 11, 2024

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a multiyear deal for Under Armour to become its official…

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Economy

OpenAI releases Sora, its buzzy AI video-generation tool

December 10, 2024

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s image-generation AI tool, DALL-E: A user types…

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Economy

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

December 10, 2024

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between the two countries as President-elect Donald Trump prepares…

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Economy

Tokyo government to introduce four-day workweek for its employees

December 10, 2024

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low fertility rates nationwide. Tokyo Governor Yuriko Koike announced…

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Economy

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

December 9, 2024

TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings in just one month if the popular app…

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Popular Topics

Albertsons sues Kroger after judge rules against grocery merger

Macy’s confirms rogue employee hid $151 million in expenses over three years

Judge blocks Albertsons-Kroger $25 billion supermarket merger

How the Olympics helped transform Salt Lake City into a tech hub

How the New York Mets can justify paying one player $765 million

Women’s basketball league Unrivaled signs uniform deal with Under Armour

OpenAI releases Sora, its buzzy AI video-generation tool

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

Tokyo government to introduce four-day workweek for its employees

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month