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MORE FROM BUSINESS

Major corporations reluctant to make a splash at the 2024 political conventions

Reluctance to be seen as backing Trump was most often cited as a reason for the skittishness of many of the corporate donors and consultants who spoke to NBC News.
Republican National Convention Walkthrough
Republican National Convention Walkthrough
1d ago

The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

The evidence can be found in the data, which shows higher unemployment for workers in business services and a lower one for people who work in manufacturing.
Workers assemble solar panels.
Workers assemble solar panels.
2d ago

Boeing whistleblower dies following a brief illness, weeks after the suicide of another

Joshua Dean, 45, a former quality auditor at Boeing supplier Spirit AeroSystems, alleged that managers failed to act on manufacturing defects on the 737 Max.
The Spirit AeroSystems logo at a Boeing aircraft.
The Spirit AeroSystems logo at a Boeing aircraft.

Sony and Apollo send letter expressing interest in $26B Paramount buyout as company considers Skydance bid

A $26 billion offer for Paramount Global values the company higher than the company’s current $22 billion enterprise value.
Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California
Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California

Campus calls to divest from Israel hinge on a tough question: Where's the money exactly?

Pro-Palestinian activists are demanding more transparency around universities’ investments, which experts say can be difficult to trace in all forms.
Stickers litter a statue as protestors occupy an encampment in support of Palestine on the grounds of Columbia University
Stickers litter a statue as protestors occupy an encampment in support of Palestine on the grounds of Columbia University
2d ago

Top New York official asks Best Buy about its commitment to LGBTQ groups after conservative pressure

New York’s comptroller, who manages the state’s public pension fund, sent a letter to Best Buy questioning whether it was making changes that could threaten shareholder value.
Best Buy
Best Buy
2d ago

California second-grade teacher becomes rare traveler to visit every country in the world

“The more I travel, the more I realize I haven’t seen anything yet,” Lucy Hsu tells TODAY.com.
Lucy Hsu
Lucy Hsu

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt

The moves are designed to realign Peloton’s cost structure with the current size of its business, it said in a news release.
Barry McCarthy, CEO of Peloton Interactive Inc, and his wife Valerie
Barry McCarthy, CEO of Peloton Interactive Inc, and his wife Valerie
3d ago

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's

The cost of eating out at quick-service restaurants has climbed faster than that of eating at home.
A Starbucks barista fulfills an order in a South Philadelphia store
A Starbucks barista fulfills an order in a South Philadelphia store

Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico

Alphabet has been slashing headcount since early last year, when the company announced plans to eliminate about 12,000 jobs, or 6% of its workforce.
Google Illegal Deal With Facebook Alleged In Monopoly Suit
Google Illegal Deal With Facebook Alleged In Monopoly Suit
3d ago

Fed chair Jerome Powell: No sign of stagflation in U.S. economy

Even as inflation remains stubbornly high and some signs of slowing growth emerge, today's economy can't be compared to the problems of the 1970s, Powell said.
Jerome Powell speaks
Jerome Powell speaks

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