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

Capital One closed Trump Organization accounts following money laundering review

Capital One closed accounts linked to the Trump Organization after a money laundering review, raising financial oversight concerns.

Business

WestJet strike ends with tentative agreement between flight attendants

Flight attendants at WestJet Airlines have reached a tentative agreement to end their strike, impacting travel operations during a busy holiday weekend.

Business

Xbox Series X price increased by £170 in the UK

The price of the Xbox Series X has increased by £170 in the UK, impacting consumer purchasing decisions.

Business

AstraZeneca in talks to acquire Bristol Myers Squibb in merger

AstraZeneca is in talks to acquire Bristol Myers Squibb, potentially reshaping the pharmaceutical industry.

Business

Energy Department faces criticism over Venezuelan oil deal delays

Delays in U.S. oil deals with Venezuela could influence global oil prices, affecting various groups.

Business

Energy Department faces challenges in Venezuelan oil deals

The delay in finalizing Venezuelan oil deals by the Energy Department could lead to rising global oil prices, affecting energy costs worldwide.

Business

Chevron CEO discusses impact of Iran conflict on energy markets

Chevron CEO discusses how the Iran conflict is creating uncertainty in energy markets, particularly affecting oil export routes.

Business

Electric and hybrid vehicles account for nearly half of new car sales in Australia

Electric and hybrid vehicles are becoming increasingly popular in Australia, nearing half of new car sales, influenced by rising fuel prices.

Business

Capital One closes Trump Organization accounts after review of money-laundering concerns

Capital One has closed the Trump Organization's accounts due to money-laundering concerns, marking a significant regulatory action.

Business

Peak District signs branding agreement with Skoda

The Peak District's branding agreement with Skoda could influence financial strategies for national parks.

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Business

Stephen Curry partners with Chinese company for endorsement deal

Stephen Curry's endorsement deal with a Chinese company raises questions about business ethics and social responsibility.

Business

M&S Sells Ann Summers Crotchless Underwear on Website

Marks & Spencer's sale of Ann Summers crotchless underwear on its website reflects a trend in women's lingerie and M&S's strategy to diversify offerings.

Business

Amazon received $600 million in tariff refunds and will return some to customers

Amazon's $600 million tariff refunds may lead to customer refunds and highlight trade tariff legal issues.

Business

Former employees of catering firm claim unpaid wages

Former employees of a catering firm claim they are owed unpaid wages, raising concerns about wage disputes and workers' rights.

Business

Calls for regulation in funeral industry after Legacy funerals scandal

Calls for regulation in the funeral industry may lead to better consumer protections for individuals and families.

Business

Adani reports $1bn revenue from Queensland coalmine but shows a $340.6m loss

Adani's financial performance raises questions about corporate tax contributions in the resource sector.

Business

BP announces sale of North Sea oil and gas business

BP's sale of its North Sea oil and gas business could have significant implications for the local economy and job market.

Business

Oil companies report high profits amid geopolitical tensions affecting energy prices

Oil companies are reporting high profits due to geopolitical tensions, leading to increased fuel prices and potential shortages for consumers.

Business

New York State files lawsuit against Kalshi for alleged gambling violations

New York State's lawsuit against Kalshi could impact the legality of prediction markets and their regulation.

Business

Polling shows public concerns on affordability and fairness impact CEOs

Polling data shows public concerns about affordability and fairness, which could influence corporate leaders' actions.

Business

Polling Highlights Public Concerns for CEOs Ahead of Midterms

Polling shows that affordability issues are top concerns for Americans, highlighting the need for CEOs to address public trust amid economic challenges.

Business

Impact of Tariffs on Border Community Near Canada

Tariffs between the U.S. and Canada are causing economic challenges for a border community, affecting local businesses and residents.

Business

HSBC to exit Australian retail banking by selling local loan portfolio

HSBC's exit from Australian retail banking will impact local consumers and the banking landscape.

Business

Wildfires in Bordeaux Impact Local Wine Industry

Wildfires in Bordeaux could significantly impact the local wine industry, affecting various groups connected to it.

Business

FAA Deputy Administrator Chris Rocheleau Resigns to Rejoin Private Sector

FAA Deputy Administrator Chris Rocheleau's resignation could lead to changes in aviation policies that may affect various stakeholders.

Business

Lockheed Martin awarded $58.6 billion contract for Patriot interceptor production

Lockheed Martin has received a $58.6 billion contract to produce Patriot interceptor missiles, which may impact various sectors of the economy.

Business

Delta and United Airlines prohibit humanoid and animal robots on flights

Delta and United Airlines have banned humanoid and animal robots from flights, affecting travelers who might have planned to bring such robots.

Business

Marcia Kilgore Discusses Building Beauty Businesses After University Withdrawal

Marcia Kilgore's insights on building beauty businesses after leaving university emphasize entrepreneurship outside traditional education.

Business

Chinese robotics firms influence UK's retail sector amid labor challenges

Chinese robotics firms are entering the UK retail sector to help address labor shortages and declining productivity, which may impact various groups in the economy.

Business

Oil prices increase amid US-Iran tensions

Rising oil prices amid US-Iran tensions could lead to increased fuel costs and inflation, impacting various groups.