Category: Market

Two senior officials at the Consumer Financial Protection Bureau (CFPB) announced their resignations a day after acting Director Russell Vought ordered all staff to halt operations. In separate memos sent early Tuesday, Lorelei Salas, the agency’s supervision director, and Eric Halperin, its enforcement director, stated they could no longer remain in their positions following Vought’s…

Advertisers spent up to $8 million for a commercial spot during Super Bowl 59, and industry executives believe the investment is well worth it, arguing that it provides significant value. The NFL’s championship game between the Philadelphia Eagles and Kansas City Chiefs will be broadcast this year on Fox Corp.’s network, as well as on…

Several beauty stocks suffered significant declines this week, as companies like E.l.f. Beauty and Estee Lauder reported underwhelming earnings and revised their guidance downward. E.l.f. Beauty endured its worst week since August 2018, with shares plummeting nearly 29% over the five-day period. Despite posting a revenue beat for its fiscal third quarter on Thursday, the…

A Ferrari-inspired estate, Casa Maranello, located in Delray Beach, Florida, set a new local record last week when it was sold for $50.5 million. This historic transaction was not only the area’s most significant real estate deal but also one of the most unique. The sale included a mansion swap, custom-designed furniture, extravagant chandeliers, artwork,…

Tony Khan intends to keep AEW a private company so that he can eventually pass it down to his children. In an interview with Alex Sherman, AEW CEO Tony Khan was asked about the possibility of taking AEW public. He emphasized his desire to maintain it as a family business. “I want to build,” said…

China has placed the owner of Calvin Klein and Tommy Hilfiger on its blacklist, a move that could compel the company to close stores and cease manufacturing operations in China as an early consequence of President Donald Trump’s trade war. On Tuesday, China added PVH Corp. to its “unreliable entities” list, granting the Chinese government…

Bristol Myers Squibb announced on Thursday that it will implement $2 billion in cost reductions by the end of 2027, expanding its current cost-saving initiatives to support long-term growth. The company stated that these savings will be achieved through organizational restructuring and operational streamlining, allowing for reinvestment in new scientific advancements and drug brands expected…

President Donald Trump’s decision on Saturday to enforce an additional 10% tariff on Chinese imports has a limited effect on U.S. vehicle imports. However, these tariffs also impact auto parts, potentially driving up vehicle prices for consumers. The U.S. has annually imported between $15.4 billion and $17.5 billion worth of transportation goods from China, including…

Disney released its fiscal first-quarter earnings on Wednesday, surpassing analysts’ expectations on both revenue and profit. However, the report also confirmed the anticipated decline in Disney+ streaming subscribers. The company’s streaming division remained profitable for another quarter, despite Disney+ experiencing a 1% drop in its total subscriber base. While domestic subscriptions increased by approximately 1%,…

Boeing has now accumulated losses exceeding $2 billion on its Starliner spacecraft, following a turbulent year in which the capsule’s first astronaut mission turned into a major challenge for NASA. In a filing on Monday, Boeing disclosed that the Starliner program recorded charges of $523 million for 2024—its largest single-year loss to date. The company…