USPS resumes shipments from China in abrupt about-face
The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so. ‘Effective February 5, 2025, the Postal Service…
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Disney tops quarterly profit estimates, but starts to lose Disney+ streaming subscribers
Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another…
Boeing’s Starliner losses top $2 billion after spacecraft program reports worst year yet
Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA. The…
Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs
Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday. The toy giant, which manufactures about 40% of…
Disney tops quarterly profit estimates but starts to lose Disney+ streaming subscribers
Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another…
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending…
Fox reveals plans to launch subscription streaming service this year
Fox Corp. is finally getting into the direct-to-consumer streaming game. The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service…
Trump moves to develop sovereign wealth fund to ‘create value for American citizens’
President Donald Trump said Monday he would create a sovereign wealth fund, a pool of assets like those that exist in other countries that can help pay out regular funds…
Millennials reimagine retirement: ‘The end game might not be … sitting on my Adirondack chair’
By many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day. “Retirement is becoming more deprioritized,” said Michael Liersch, head of advice…
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports. Outlets of the Liquor Control Board of…