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Categories Business

Trump transfers all his DJT shares to his revocable trust, SEC filings show

December 21, 2024

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump

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Categories Business

Big Lots initiates going-out-of-business sales at remaining locations

December 21, 2024

Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find

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Categories Business

Starbucks union announces strike to last through Christmas Eve in 3 major cities

December 21, 2024

Love Starbucks holiday drinks? This week, you may not get them. Starbucks Workers United announced baristas will strike starting Friday in three

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Categories Business

CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle

December 21, 2024

The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on

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Categories Business

Party City to close all of its stores, report says

December 21, 2024

Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN

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Categories Business

How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

December 20, 2024

The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House,

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Categories Business

Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

December 20, 2024

Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The slow death of department stores

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Categories Business

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

December 20, 2024

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to

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Categories Business

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

December 19, 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the

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Categories Business

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

December 19, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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