CEO of Paramount Skydance David Ellison poses on the red carpet for the 2025 Kennedy Center Honors at the John F. Kennedy Center for the Performing Arts in Washington, D.C., U.S., December 7, 2025. Jeenah Moon | Reuters Paramount Skydance CEO David Ellison announced Friday that upon closing his company’s merger with Warner Bros. Discovery…
The U.S. economy created far fewer jobs than expected in September, pointing to a surprising soft spot in the labor market and broader economy. Nonfarm payrolls rose a seasonally adjusted 29,000 for the month while the unemployment rate increased to 4.2%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been…
A car goes through the drive-thru at a Burger King restaurant on May 6, 2026 in Burbank, California. Justin Sullivan | Getty Images When Jeremy Kline was 15, he started as a crew member at Taco Bell. In the decades since then, he worked his way up the restaurant industry to director of franchising for…
Barbie dolls are seen in a store at Fiumicino Airport in Rome on March 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of Mattel rose nearly 20% on Thursday after the Wall Street Journal reported that the toymaker had attracted takeover interest from Authentic Brands Group. The brand licensing company has privately discussed…
Boeing engineers and technical workers approved a sweetened four-year contract with immediate 10% raises, avoiding a potential strike at the aerospace giant as it seeks federal approval for new aircraft and to increase aircraft production. “We secured many victories that some thought were completely out of reach when this negotiation cycle started,” said the Society…
Milan_jovic | E+ | Getty Images New York City has become the latest jurisdiction to crack down on hard-to-cancel subscriptions. The city’s new “click to cancel” rule, which took effect Thursday, requires businesses to make it easier for customers to end subscriptions that renew automatically. While New York state already requires a cancellation method as…
Nike is expected to report fiscal first-quarter earnings after the bell Thursday as the retailer struggles to maintain relevancy and sales growth under CEO Elliott Hill. Former Chief Financial Officer Matt Friend previously said the sneaker company expects sales for the first two quarters of fiscal 2027 to be “flattish,” especially as it sees a…
General Motors on Thursday reported a year-over-year sales decline of 5.5%, with 670,974 new vehicles sold during the third quarter. GM’s sales of all-electric vehicles are down across the board, as enthusiasm for electric vehicles wanes. EV demand spiked last year ahead of the Trump administration ending up to $7,500 in federal incentives for consumers…
U.S. Treasury Secretary Scott Bessent speaks during a press conference at the Cash Room of the Treasury Department in Washington, as he announces a new set of sanctions against Iran, Aug. 24, 2026. Mehmet Eser | Anadolu | Getty Images More than 60 million American children under age 18 have been automatically enrolled in Trump…
One of the biggest decisions retirees make — when to claim Social Security benefits — would be described differently under a bill that may soon become law. The Claiming Age Clarity Act, a bipartisan bill that changes certain terms to describe the ages when a worker may claim Social Security retirement benefits, passed the Senate…