Raising prices on consumers to cover the costs of President Donald Trump’s tariffs will be Target’s ‘very last resort,’ CEO Brian Cornell said Wednesday. The remarks came as Target reported…
Business
-
-
Business
A man once sued by the SEC wins Trump crypto contest to have dinner with the president
by adminby adminWe now know who won the contest to attend an intimate dinner with President Donald Trump by buying his cryptocurrency — and he’s a familiar face to Securities and Exchange Commission…
-
Business
Levi Strauss to sell Dockers to brand management firm Authentic Brands Group
by adminby adminLevi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’…
-
Business
Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
by adminby adminBEIJING — One Chinese baby products company announced Tuesday it is officially entering the United States, the world’s largest consumer market — regardless of the trade war. Shanghai-based Bc Babycare…
-
Business
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
by adminby adminThe Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would…
-
Business
Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
by adminby adminCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said…
-
Business
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation
by adminby adminNvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of…
-
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November. The company and its…
-
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders…
-
Business
Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
by adminby adminReddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports. The founder of venture…