What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion. The acquisition is set…
SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is…
Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop, manage, and operate the University of Texas’ basketball…
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Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases
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Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and possibly some consumer boredom with an event marking…
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Boeing delivers most airplanes since late 2023 after ramping up 737 Max output
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Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing…
Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix. The Alphabet-owned company said that, beginning Tuesday, parents in Phoenix can use their…
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Is a Chinese chain’s blood orange cold brew the future of coffee in America?
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Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks. Both new Luckin stores are…
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Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty
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In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture…
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Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands
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Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability. Still, the brewer reiterated its…
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience,…