French luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday. The…
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Target CEO to meet with Rev. Al Sharpton as civil rights groups threaten boycotts over DEI
Target CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and a slowdown in foot traffic that…
OpenAI in talks to pay about $3 billion to acquire AI coding startup Windsurf
OpenAI is in talks to pay about $3 billion to acquire Windsurf, an artificial intelligence tool for coding help, CNBC has confirmed. Windsurf, formerly known as Codeium, competes with Cursor,…
Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen…
Universal’s new Epic Universe park set to generate $2 billion for Florida in year one
Epic things are coming to Orlando. In a little more than a month, Universal will officially open the doors of its newest theme park, the first major theme park in the Florida…
Hertz says 2024 hack exposed some customers’ driver license and credit card data
Hertz is notifying customers that a data hack late last year may have exposed their personal data. The rental-car giant said an analysis of the incident that it completed on…
Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’
New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company…
Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.…
Buffett denies rumors after Trump shares wild claim that investor backs president crashing market
Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the…
Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a…