Business news, explained for your life

Layoffs, mergers, supply chains, and the companies whose decisions show up in your job or your grocery bill. No stock tips, no cheerleading.

Business

Eric Cantor appointed president of PhRMA, a pharmaceutical trade organization

Eric Cantor has been appointed as the new president of PhRMA, the leading trade organization for the U.S. pharmaceutical industry.

Business

Boeing awarded $20 billion contract for Navy fighter aircraft

Boeing has been awarded a $20 billion contract to develop the U.S. Navy's next fighter aircraft.

Business

Tilray invests £50m in BrewDog after acquisition

Tilray has acquired BrewDog and plans to invest over £50m to improve the brand.

Business

Oura postpones stock market listing in the US

Oura has decided to postpone its planned stock market listing in the US.

Business

Soho House investigates mislabelled out-of-date food in kitchen

Soho House is investigating the mislabelling of out-of-date food in its kitchen following a former employee's video exposure.

Business

Work-cations are increasing in popularity as people combine work and travel

The trend of 'workations' is rising as people blend remote work with travel.

Business

Ban on $1 billion in Canadian imports takes effect

The U.S. has banned nearly $1 billion worth of Canadian goods, including dairy products, motor vehicles, and alcoholic beverages.

Business

Arizona tour company files lawsuit over national park fees for nonresidents

An Arizona tour company is suing the Trump administration over increased national park fees for nonresident visitors, claiming it has harmed their business.

Business

Nvidia increases stock buyback program by $150 billion

Nvidia is increasing its stock buyback program by $150 billion, raising the total to $235 billion.

Business

Analysis of potential US diesel export ban and its implications

A proposed diesel export ban in the US is being discussed to protect consumers from rising fuel costs, which could have significant economic implications.

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Business

Trump announces $15 billion steel project in Iowa

President Trump plans to announce the construction of a $15 billion steel plant in Iowa, projected to be the largest in U.S. history.

Business

Developer withdraws plan for $1.2 billion datacentre in Sydney

Goodman Group has withdrawn plans for a $1.2 billion datacentre project in Lane Cove due to changes in government regulations.

Business

Lime Technologies reports increased profits and user growth in the UK

Lime Technologies reported a significant increase in profits and user growth in the UK due to a larger fleet of ebikes and scooters.

Business

Investment bankers and lawyers in London earn over £1bn from takeover deals

Investment bankers and lawyers in London have earned over £1bn from takeover deals amid a significant increase in mergers and acquisitions.

Business

A Gambler Receives VIP Status from DraftKings

A high-stakes gambler was awarded VIP status by DraftKings, raising concerns about the implications of such marketing practices.

Business

Former British Airways employee involved in legal dispute after job loss

A former British Airways cabin crew member is engaged in a legal dispute after being laid off following a long career.

Business

Data leak reveals confidential files of offshore gambling firms

A data leak has exposed confidential files of offshore gambling firms regulated by Curaçao, revealing potential illegal activities targeting consumers.

Business

Michigan CEO terminated after posting AI-generated family photo

Jane Smith, the CEO of Family First Credit Union in Michigan, was terminated after posting an AI-generated family photo that included controversial text.

Business

Appeals court rules on regulation of prediction markets

The 6th U.S. Circuit Court of Appeals ruled that states can regulate prediction markets like gambling, impacting the industry significantly.

Business

Costco to open 33 new warehouse locations

Costco plans to open 33 new warehouse locations in the upcoming fiscal year.

Business

Costco offers $60 shop cards to eligible members for a limited time

Costco is providing $60 shop cards to qualifying members as part of a promotional offer.

Business

House Committee Chairman Calls for Modernization of Surveillance Laws

Roger Williams, Chairman of the House Committee on Small Business, has called for updates to federal surveillance laws to protect businesses from lawsuits related to wiretapping issues.

Business

Calls for Regulation of Prediction Markets Increase, Says Kalshi CEO

Calls for increased regulation of prediction markets are gaining traction as companies like Kalshi and Polymarket expand their offerings.

Business

Analysis reveals significant investment in AI infrastructure and its implications

A recent analysis indicates that investment in AI infrastructure could reach $10.3 trillion by 2032, significantly impacting capital markets and financial systems.

Business

Starbucks to close 250 stores in North America

Starbucks announced plans to close 250 of its stores in North America.

Business

New chicken processing facility opens in Tamworth, Australia

A new chicken processing facility has opened in Tamworth, Australia, processing three million chickens per week.

Business

U.S. and China extend trade truce during Xi and Trump meeting

U.S. and Chinese officials have agreed to extend their trade truce by two months during a summit between President Xi Jinping and President Trump.

Business

Sales of Chinese hybrid cars increase in the EU

Sales of Chinese-made hybrid cars in the EU have significantly increased, raising concerns for European car manufacturers.

Business

Documentary Examines Pentagon Funding and Executive Compensation in Defense Companies

The mockumentary 'Lords of War' explores how Pentagon funding contributes to high executive pay in defense companies.

Business

UK trade with EU affected by differing product testing standards

The UK's failure to align product testing standards with the EU is causing significant trade losses, estimated at up to £6.5bn annually.