China’s richest man, Zhong Shanshan, founder of the beverage giant Nongfu Springs, has issued a rare and pointed critique of online shopping platforms and government inaction as the country grapples with economic difficulties. His remarks, which have been partially censored by state…
Retailers across the U.S. are making headlines for significantly increasing the interest rates on their store-branded credit cards. From September 2023 to September 2024, over 50 major companies—including Big Lots, Gap, and Petco—raised Annual Percentage Rates (APRs) to record highs, some nearing…
U.S. regulators are intensifying efforts to curtail Google’s dominance in the technology sector. The Department of Justice (DOJ) has proposed significant penalties, including the sale of Google’s Chrome web browser, as part of an antitrust initiative aimed at fostering fair competition in…
Target’s latest quarterly performance has taken a significant hit, with shares tumbling 20% following a disappointing earnings report and revised profit guidance. Despite its strategic price cuts and early holiday sales, the retail giant struggled to meet Wall Street expectations, raising concerns…
Donald Trump’s potential return to the White House brings a renewed focus on artificial intelligence (AI), one of the most transformative technologies of our time. His administration is expected to prioritize AI development while slashing regulations perceived to hinder innovation. Central to…
Meta Platforms, the parent company of Facebook, has been fined €798 million ($840 million) by the European Union for engaging in antitrust violations tied to its Facebook Marketplace service. The European Commission, the EU’s executive body, determined that Meta abused its market…
Disney’s fiscal fourth-quarter earnings reveal a company thriving amidst industry challenges. Streaming growth, box office success, and theme park investments have positioned the company for sustained profitability. With CEO Bob Iger restructuring Disney before his 2026 departure, the entertainment giant is gearing…
Banks in the United States and Canada are facing a ten-fold increase in digital scams this year, signaling a growing challenge in protecting customers. Cybersecurity firm BioCatch, which analyzed data from 170 financial institutions, attributes the rise to the increasing use of…
A leading aerospace manufacturer, Boeing, has experienced significant disruptions due to a recent machinist strike. The company reported its lowest aircraft deliveries in October since 2020 and warned that restarting its production lines will take weeks despite workers returning to their stations.…
The business landscape has experienced a profound transformation over the past two decades. By 2024, just four of the top 20 companies by market capitalization from 2005 managed to maintain their standing. The new frontrunners emerged from a distinct category of industries…