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Why Saks collapsed while the rest of luxury retail is growing
Department stores are increasingly being left behind as luxury brands connect directly with customers, both online and in boutiques.
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China Announces Record Trade Surplus as Its Exports Flood World Markets
China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.
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Trump announces one-year 10% cap on credit card interest rates
But critics expressed doubt that president can implement such a move without approval from Congress
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Latest Business
Larry Ellison Provides Personal Guarantee for Paramount’s Bid for Warner
Warner earlier recommended that shareholders reject Paramount’s $30-per-share bid for all of the company
Elon Musk’s 2018 Tesla pay package restored by Delaware court
Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash
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Warner Rejects Paramount’s Hostile Bid, Saying Netflix Deal Still Superior
Warner raised concerns about the credibility of Paramount’s “illusory” offer and its backing from the Ellison family.
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Lessons from Roomba: sometimes being first mover sucks
In the consumer products space, rulers are dethroned with alarming speed
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Netflix CEOs Seek to Reassure Staff About Warner Bros. Deal
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Fed cuts interest rates again as economic concerns persist
The cut of a quarter point could make it cheaper for average Americans who hold a mortgage, have credit card debt or need to take out or refinance a personal loan.
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Paramount Skydance makes $108B US hostile bid for Warner Bros. Discovery after Netflix move
Warner Bros. board will consider Paramount's offer, but advises company to 'take no action at this time'
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Paramount Makes Hostile Bid for Warner Bros. Discovery
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
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