Business
Tesla, Broadcom Surge While Nike and AI Storage Stocks Sink in a Wild Wall Street Session
NEW YORK — Wall Street ended Friday higher after a surprisingly weak U.S. jobs report cooled expectations for another Federal Reserve interest-rate…
Category: United States
Business
IRS Targets Popular ETF Tax Strategy as Section 351 Conversions Face New Scrutiny
WASHINGTON — A fast-growing tax strategy used by wealthy investors to move highly appreciated stock portfolios into exchange-traded funds without immediately paying…
Business
Novo Nordisk and Eli Lilly Push Beyond GLP-1 With Next-Generation Amylin Obesity Drugs
NEW YORK — The battle over the next generation of obesity medicines is moving beyond GLP-1 drugs such as Wegovy and Zepbound,…
United States
Trump Slashes 2031 Fuel-Economy Target as Automakers Gain Billions in Cost Relief
WASHINGTON — The Trump administration has finalized a sweeping rollback of U.S. vehicle fuel-economy rules, cutting the projected 2031 industrywide requirement from…
Business
Disney Cuts Around 300 Jobs as Josh D’Amaro Pushes Deeper Restructuring
BURBANK — Disney is cutting roughly 300 jobs in another round of layoffs under new CEO Josh D’Amaro, targeting mainly human-resources and…
Business
Alaska Airlines Shrugs Off Boeing 737 MAX 10 Delay as Premium Expansion Pushes Ahead
SEATTLE — Alaska Airlines CEO Ben Minicucci is refusing to let another Boeing 737 MAX 10 certification delay derail the carrier’s ambitious…
Business
El Pollo Loco Signs First New York Lease as 15-Restaurant East Coast Expansion Takes Shape
NEW YORK — El Pollo Loco is finally preparing to bring its fire-grilled chicken to New York, signing its first lease in…
Business
Stellantis CEO Defends $70-Billion Turnaround as Shares Hit Record Low
DETROIT — Stellantis CEO Antonio Filosa is refusing to retreat from the automaker’s ambitious turnaround targets even as the company’s U.S.-listed shares…
Entertainment
David Ellison Taps Mattel CEO Ynon Kreiz as Co-CEO for Paramount-Warner Bros. Megamerger
LOS ANGELES — David Ellison is bringing in one of Hollywood’s most experienced corporate turnaround executives to help run the massive Paramount-Warner…
United States
Walmart Turns Digital Shelf Labels Into Light-Up Shopping Guides as Retail Tech Race Accelerates
BENTONVILLE — Walmart is turning one of the most ordinary objects inside a supermarket into a digital navigation system, rolling out light-up…