Business
Kevin Warsh Sworn In as Federal Reserve Chair as Trump Rate Cut Hopes Fade
New Fed chairman takes control of world's most influential central bank, but prospects for interest rate reductions appear increasingly unlikely.
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Business Page 3
Business news: companies, deals, labor and the economy.
BusinessWalmart Warns of Price Increases as Soaring Fuel Costs Hit Operations
Retail giant reports positive earnings but signals potential price hikes as transportation expenses surge amid Middle East tensions.
BusinessTwo Top Walmart Executives Depart Under New CEO John Furner
Chief Operating Officer Tom Ward retires from Sam's Club while EVP Cedric Clark leaves U.S. store operations in major leadership reshuffling.
BusinessLupita Nyong'o Shrugs Off Racist Backlash Over Helen of Troy Casting in 'Odyssey'
The Oscar-winning actress says she's losing no sleep over criticism of her casting as the mythic beauty whose face "launched a thousand ships."
- Business
Walmart Signals Price Increases as Soaring Fuel Costs Hit Consumer Spending
The retail giant reported positive earnings but warned that U.S. consumers are struggling with rising costs across multiple categories.
BusinessTrump Abruptly Cancels AI Regulation Executive Order Signing as Industry Partnerships Stall
President scraps landmark order expected to establish partnerships with leading AI companies for vetting new artificial intelligence models.
- Business
Walmart Warns U.S. Consumers Face Mounting Pressure From Rising Costs Despite Strong Quarterly Performance
The retail giant reported positive earnings but cautioned that American shoppers are struggling with increased expenses across multiple categories.
BusinessPepsiCo Plans Price Increases on Small Chip Bags Amid Rising Costs
The company behind Lay's and Doritos announces it will raise prices on smaller chip packages as input costs continue to pressure the snack industry.
BusinessJeff Bezos Rejects Tax Policy Claims, Dismisses 'Buy Borrow Die' Strategy
Amazon Executive Chairman defends billionaires against political attacks and denies using controversial wealth preservation tactics.
BusinessGas Prices Surge Toward $5 Per Gallon as Iran War Pressures Energy Markets
National averages climb amid Middle East conflict while one state suspends gas tax and Trump administration considers federal relief measures.
BusinessMeta Cuts 10% of Workforce While Moving 7,000 Employees Into AI Roles
The social media giant is consolidating AI talent into four new organizations as it pivots toward artificial intelligence development.
BusinessHome Depot Reports 5% Sales Growth as Core Shoppers Weather High Gas Prices
The retailer beat Wall Street expectations despite some customers pulling back on larger home improvement projects amid inflation pressures.
BusinessBarnes & Noble CEO Embraces AI-Written Books as Publishing Industry Evolves
James Daunt says he would support selling artificial intelligence-authored books in stores as company adapts to technological changes.
- Business
Publicis Snaps Up LiveRamp for $2.17 Billion in All-Cash Bet on Agentic-AI Advertising Infrastructure
The $38.50-per-share offer is a 29.8 percent premium and gives Publicis the strongest first-party data graph among global ad holding companies.
BusinessGas Prices Surge Toward $5 Amid Iran War as Regional Variations Create Patchwork Impact
NBC News analysis reveals dramatic county-by-county differences in fuel cost increases, with some states suspending gas taxes for relief.
BusinessFormer Google CEO Eric Schmidt Booed During AI Graduation Speech
University of Arizona commencement turns contentious as students and families express frustration with tech industry leadership.
BusinessSubscription Fatigue Grows as 52% of Consumers Cancel Services Amid Economic Strain
From car washes to underwear, the explosion of subscription services is overwhelming consumers who are cutting back on recurring charges.
BusinessStarbucks to Cut 300 U.S. Jobs and Close Regional Support Offices
The coffee chain says the moves will help return to profitable growth as the company restructures operations and reduces overhead costs.
- Business
Gas Prices Vary Dramatically Across US Counties During Iran War Crisis
An NBC News analysis reveals stark regional differences in how the Iran conflict has affected fuel costs, with some areas seeing much steeper increases.
- Business
Gas Prices Vary Dramatically by County During Iran War Crisis
An NBC News analysis reveals stark regional differences in how the Iran conflict has affected fuel costs across America.
BusinessSix Tech Billionaires Face Off in Federal Courthouse Drama
Three-week OpenAI trial featured inflatable Elon Musk dolls and luxury courtroom accessories as tech titans battled over artificial intelligence control.
- Business
Starbucks to Lay Off 300 Employees, Close Regional Offices
Coffee chain restructuring aims to help return company to profitable growth amid challenging market conditions.
- Business
Subscription Fatigue Grips American Consumers as Cancel Culture Takes Hold
52% of consumers canceled at least one subscription in past year as recurring charges pile up across every aspect of life.
BusinessSpencer Pratt's AI-Generated Mayoral Campaign Videos Signal New Political Reality
Reality TV star's Los Angeles mayoral bid gains viral traction through artificial intelligence content creation, pointing to transformed campaign landscape.
BusinessAI Chipmaker Cerebras Soars 90% in Year's Biggest IPO Debut
The artificial intelligence semiconductor company's stunning stock market debut sets a new benchmark for 2026 public offerings as investors rush to capitalize on AI hardware demand.
BusinessWorld Cup Ticket Prices Begin Declining on Resale Markets Amid Hotel Booking Struggles
Initial sticker shock over jaw-dropping ticket costs gives way to more reasonable prices as accommodation demand remains unexpectedly soft.
BusinessEleven Survive Dramatic Ocean Plane Crash in 'Miraculous' Florida Rescue
Passengers and crew spent five harrowing hours in a life raft after aircraft went down off Florida's east coast before Coast Guard rescue.
BusinessFDA Commissioner Marty Makary Resigns Following Industry and White House Backlash
Makary's brief tenure marked by internal dysfunction and mounting criticism from drugmakers and physicians over regulatory decisions.
BusinessInflation Surges to 3.8% as Iran War Drives Energy Costs to Nearly Three-Year High
Rising energy prices from the Iran conflict are creating ripple effects across the economy, pushing consumer prices to levels not seen since 2023.
BusinessChinese Electric Vehicles Take World by Storm — Except in United States
China dominates global EV production and adoption while facing barriers in the American market, highlighting growing technological and trade tensions.
