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Today: January 11, 2025
Today: January 11, 2025

Business

Business|Entertainment|Lifestyle|Sports|US

Bud Light to return as the UFC's official beer next year as it recovers from a conservative backlash

Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer

Bud Light to return as the UFC's official beer next year as it recovers from a conservative backlash
Business|Economy|Technology|US

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025

Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
Business|Economy|Finance|Technology

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Boeing is reporting a loss of $1.64 billion in the third quarter

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One
Business|Sports|Technology

The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand Prix

Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world

The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand Prix
Business|Economy|Finance

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter

Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter
Business|Economy

Qatar Airways CEO will step down after nearly 3 decades leading carrier

Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years at the helm of the company

Qatar Airways CEO will step down after nearly 3 decades leading carrier
Business|Economy|Finance

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper

American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper
Asia|Finance|Stock Markets|US

Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St

Asian shares have retreated as the prospect of a 5% yield on the 10-year U.S. Treasury for the first time since 2007 added to pressure on Wall Street

Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St
Business|Economy|Finance|US

Thrift store chain case was no bargain for Washington attorney general; legal fees top $4.2 million

Washington Attorney General Bob Ferguson’s long-running legal case against the thrift store chain Savers Value Village turned out to be no bargain, as the state has been ordered to pay the company nearly $4.3 million in legal fees

Thrift store chain case was no bargain for Washington attorney general; legal fees top $4.2 million
Business|Economy|Finance|Technology

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter

Tesla has reported that its net income slumped in the third quarter versus a year earlier

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter
Asia|Business|Technology|World

Major solar panel plant opens in US amid backdrop of industry worries about low-priced Asian imports

A South Korean company has begun production at a huge solar panel factory in Georgia

Major solar panel plant opens in US amid backdrop of industry worries about low-priced Asian imports
Business|MidEast|News|Travel|World

A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results

The summer travel season was very good for U.S. airlines, but rising fuel prices and the Israel-Hamas war are setting up a turbulent fourth quarter

A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results
Crime|Environment|Health

Maryland medical waste incinerator to pay $1.75M fine for exposing public to biohazardous material

A medical waste processing company has pleaded guilty to dozens environment-related charges and agreed to pay $1.75 million in fines after state prosecutors accused a south Baltimore incineration plant of exposing the public to biohazardous material

Maryland medical waste incinerator to pay $1.75M fine for exposing public to biohazardous material
Business|Finance

Wyndham rejects $8 billion unsolicited buyout offer after Choice Hotels goes public with its bid

Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion

Wyndham rejects $8 billion unsolicited buyout offer after Choice Hotels goes public with its bid
Business|Finance|Technology

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the UK jet engine maker

Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the UK jet engine maker
News|Political|US

A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires

Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional

A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires
Business|Europe|Finance|US

EU orders biotech giant Illumina to unwind $7.1 billion purchase of cancer-screening company Grail

The European Union is ordering U.S. biotech giant Illumina to undo its $7.1 billion purchase of cancer-screening company Grail because it closed the deal without approval of regulators

EU orders biotech giant Illumina to unwind $7.1 billion purchase of cancer-screening company Grail
Business|Economy|News|US

After troubled start, New York is shaking up its legal marijuana market with new competitors

New York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores

After troubled start, New York is shaking up its legal marijuana market with new competitors
Business|Economy|Finance|Technology|US

The IRS says Microsoft may owe about $29 billion in back taxes. Microsoft disagrees

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest

The IRS says Microsoft may owe about $29 billion in back taxes. Microsoft disagrees
Business|Economy|News|US

Planned purchase of old Louisiana shipyard put on hold amid questions from state financing panel

Plans by the Port of South Louisiana to purchase what was once a major shipyard for construction of military vessels have been delayed

Planned purchase of old Louisiana shipyard put on hold amid questions from state financing panel
Business|Finance|Stock Markets|US

Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey

Birkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall Street traded in its wingtips for sandals for a day

Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey
Business|Finance|Stock Markets

Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion

Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion

Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion
Arts|Food|Technology

From Coke floats to Cronuts, going viral can have a lasting effect on a small business

Lexington Candy Shop has had a line outside for over a year since a TikTok of its Coke float went viral

From Coke floats to Cronuts, going viral can have a lasting effect on a small business
Business|US

Starbucks must disclose spending on response to union campaign, judge rules

Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of the agency's probe into whether

Starbucks must disclose spending on response to union campaign, judge rules
Business|Economy|Finance|Stock Markets

Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirls

Shares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets

Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirls
Business|Finance|US

Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum

Investor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past

Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum
Opinion|Technology

What today’s labor leaders can learn from the explosive rise and quick fall of the typesetters union

History suggests that there’s risk of overplaying one’s hand when new technology is lurking.

What today’s labor leaders can learn from the explosive rise and quick fall of the typesetters union
Business|Finance|Technology|Travel

United Airlines makes 2nd large order for new planes in less than a year as it renews its fleet

United Airlines is making its second large order of new planes in less than a year, again seeking a mix of 110 aircraft from Boeing and rival Airbus as it renews its fleet

United Airlines makes 2nd large order for new planes in less than a year as it renews its fleet
Sports

Mavs and Timberwolves play in Abu Dhabi as Gulf region’s influence with the NBA grows

The NBA returns to Abu Dhabi this week

Mavs and Timberwolves play in Abu Dhabi as Gulf region’s influence with the NBA grows
Business|Economy|Finance|News|US

Fed's Powell gets an earful about inflation and interest rates from small businesses

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

Fed's Powell gets an earful about inflation and interest rates from small businesses
Uncategorized

James Dolan's sketch of the Sphere becomes reality as the venue opens with a U2 show in Las Vegas

It started as a crude sketch of a circle with a stick person inside

James Dolan's sketch of the Sphere becomes reality as the venue opens with a U2 show in Las Vegas
Business|Entertainment|Technology

Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role

Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer

Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role
Business|Europe|Technology|Travel

EU Commission blocks Booking's planned acquisition of flight booking provider Etraveli

The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group

EU Commission blocks Booking's planned acquisition of flight booking provider Etraveli
Celebrity|Sports

Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West

The head of the Anti-Defamation League said in a post on X on Thursday that he was in touch with Adidas CEO Bjorn Gulden who apologized for his remarks about Kanye West and reiterated the sportswear company’s fight to end antisemitism

Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West
Arts

Tech companies try to take AI image generators mainstream with better protections against misuse

Artificial intelligence tools that can conjure whimsical artwork or realistic-looking images from written commands started wowing crowds last year

Tech companies try to take AI image generators mainstream with better protections against misuse
Asia|Business|Finance|Stock Markets|Technology

Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds

Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted

Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds
Americas|Asia|Business|Economy|Finance|Political|US

State governors from Arizona, New Mexico seek stronger economic ties with Taiwan

Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states

State governors from Arizona, New Mexico seek stronger economic ties with Taiwan
Business|Entertainment|Finance

Disney pouring $60 billion into theme parks, cruises over the next 10 years

The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments

Disney pouring $60 billion into theme parks, cruises over the next 10 years
Business|Economy|Technology|US|World

Foreign firms in China say vague rules and tensions with Washington hurting business, surveys show

Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant market

Foreign firms in China say vague rules and tensions with Washington hurting business, surveys show
News|Sports

Phoenix racetrack to end live racing, which means its OTB sites will close

Turf Paradise, a racetrack that has been a staple of horse racing in Arizona for decades, announced Monday it will cease live racing

Phoenix racetrack to end live racing, which means its OTB sites will close
Business|Technology

Microsoft's chief product exec to step down. Panos Panay was behind Surface devices and Windows 11

A top product executive at Microsoft who launched its Surface line of devices and Windows 11 is leaving the company

Microsoft's chief product exec to step down. Panos Panay was behind Surface devices and Windows 11
Business|Economy|Technology|World

Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey

Turkish President Recep Tayyip Erdogan has called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey

Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey
Africa|Economy|Technology|US

In San Francisco, Kenya's president woos American tech companies despite increasing taxes at home

Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home

In San Francisco, Kenya's president woos American tech companies despite increasing taxes at home
Business|Celebrity|Entertainment

Diddy made music a priority over businesses to create 'The Love Album - Off the Grid'

If Sean “Diddy” Combs had a choice, the self-proclaimed serial entrepreneur would be hunkered down in a recording studio rather than running his many successful businesses

Diddy made music a priority over businesses to create 'The Love Album - Off the Grid'
Business|News|Technology

Longtime Starbucks leader Howard Schultz steps down from the coffee chain's board

Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors

Business|Technology

Apple’s new iPhones get faster chips, better cameras and new charging ports

Apple on Tuesday unveiled its next generation of iPhones — a lineup that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model

Apple’s new iPhones get faster chips, better cameras and new charging ports