The Spend, Spend, Spend Strategy Behind Temu's Rapid Ascent in America
The China-backed company’s rise as one of America’s most popular places to shop is powered by its ultracheap goods and...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
The World's Smartest Young Minds Just Cracked a 2,000-Year-Old Mystery
These ancient papyrus scrolls went unread for millennia. Then came a $1 million competition for AI geeks. Source link
We're Not Eating Enough Bacon, and That's a Problem for the Economy
The American pork industry has become so efficient that demand can’t keep up with supply. In search of solutions, farmers...
Amazon's Prime Video Gets Exclusive NFL Playoff Game Next Season
Amazon will stream its first-ever NFL playoff game next season exclusively on its Prime Video service, people familiar with the...
Owens Corning to Buy Masonite International in $3.9 Billion Deal
Owens Corning, a Toledo, Ohio, maker of building and construction materials, said the addition of Masonite’s doors business creates a...
Hermes Weathers Sector Slowdown as Sales Surge
Hermes said it is moving into 2024 with confidence after the Birkin bag maker reported a surge in fourth-quarter sales...
Will Donald Trump Help Bud Light Win on Super Bowl Sunday?
The former president’s defense of the brewer comes as it tries to move beyond a boycott. Source link
Elon Musk Opens New Front in Disney Fight
Musk, the billionaire owner of X, is soliciting people who want to sue Disney for discrimination. He says he is...
China's Military and Surveillance Capabilities Have Been Boosted by U.S. Funds, House Report Says
The new report says five VC firms invested billions of dollars in companies developing technology allegedly used in human-rights abuses...
L'Oreal's Sales, Profit Miss Expectations on Stagnating Chinese Beauty Market
Revenue in North Asia slumped 5.8% to EUR10.66 billion due to market softness in mainland China, the company said. Source...
Super Bowl Ads Get More Star Power, More Candy
Brands are pushing the limits of how many celebrities they can squeeze into a Super Bowl commercial break. Source link
Aker Lifts Dividend, Launches Buyback
Aker Solutions raised its dividend and launched a share-buyback, after it posted above-forecast earnings in the fourth quarter, boosted by...
Disney Hits Back at Activists With Stronger Streaming Performance, New Sports Offering
The entertainment giant pared its direct-to-consumer losses, is investing in ”Fortnite” maker Epic Games and struck a deal with rivals...
How You Stream Sports Is About to Be Transformed by a Blockbuster Media Deal
Disney’s ESPN, Fox and Warner Bros. Discovery are starting a new sports-streaming venture that aims to make life easier for...
Barratt Announces Redrow Buyout
Barratt Developments has agreed to buy smaller housebuilder Redrow for £2.5 billion in an all-share deal. Source link
ESPN, Fox and Warner Team Up to Create Sports-Streaming Platform
The new service will be available as a stand-alone app, and to Max, Hulu and Disney+ subscribers as part of...
Freeport-McMoRan Names Kathleen Quirk Next CEO
The appointment will be effective at the annual meeting of shareholders on June 11, the company said. Source link
DocuSign to Cut About 6% of Jobs
DocuSign said it plans to cut about 6% of its workforce in the latest round of layoffs to hit the...
BP Beats Expectations; Boosts Buyback
BP posted a higher-than-expected annual profit, joining others in the sector in showing resilience despite volatile energy prices, but its...
America Wanted a Homegrown Solar Industry. China Is Building a Lot of It.
China’s biggest solar companies are expanding in the U.S., where they will reap generous government subsidies. Source link
