Pictured here is the crude oil refinery Sinopec Jinling Petrochemical Plant in Nanjing, in China’s eastern Jiangsu province on May 8, 2026. Hector Retamal | Afp | Getty Images BEIJING — The U.S. is threatening to cut businesses that help Iran evade sanctions off from the American financial system. It puts China’s banks in an…
People gather at Notre-Dame de la Garde in Marseille, France, to watch a partial solar eclipse, Aug. 12, 2026 . Sener Yilmaz Aslan | Getty Images United Airlines said Tuesday it’s planning to add a host of new international destinations next year that span Ljubljana, Slovenia, to Okinawa, Japan, continuing its so-far profitable bet that…
A Dick’s Sporting Goods retail store is seen on May 15, 2025 in Austin, Texas. Brandon Bell | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings that missed Wall Street expectations and lowered its outlook for Foot Locker amid what it called a “challenging athletic footwear and apparel marketplace.” Dick’s stock fell roughly…
A customer reaches for a box from the Lego Dots range at a Lego store in London, March 7, 2022. Bloomberg | Getty Images Lego revenue is on a tear. The brickmaker posted a 21% revenue bump for the first half of the year, boosted once again by its now-stalwart lines like botanical bouquets, Formula…
A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan. Nic Antaya | Getty Images Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing…
David Ellison — the founder of a film production company and son of billionaire Larry Ellison — has been at the helm of Paramount Skydance for just over a year. He’s been fighting to acquire Warner Bros. Discovery for nearly as long. The latest roadblock in his path, a group of state attorneys general seeking…
Paramount sign outside their offices at 1515 Broadway in New York City, U.S., Feb. 17, 2026. Adam Gray | Reuters California Attorney General Rob Bonta canceled a meeting with Paramount Skydance on Monday, saying the company demonstrated a “lack of good faith” in early settlement talks around its planned merger with Warner Bros. Discovery. “My…
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials. Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. The Treasury surprised markets last week with an announcement that it…
Millions of people roll money from a workplace retirement plan to an individual retirement account each year — and mistakes can prove both costly and irreversible. Federal law allows for tax-free “rollovers” at various trigger points, such as a job change or upon retirement. Rollovers have gotten more common as baby boomers hurtle into their…
A person walks past a UPS delivery truck outside a UPS distribution center on March 17, 2026, in New York City. Gary Hershorn | Corbis News | Getty Images United Parcel Service is investing more than $2 billion into its business across its international, healthcare and supply chain solutions businesses, the company told CNBC exclusively…