Lego reported its best first half ever, with revenue up 12% to $5.4 billion and operating profit rising 10% to $1.4 billion. Growth was driven by new products, including botanical sets, licensed collections like One Piece and Bluey, and partnerships such as Epic Games’ Fortnite. The company launched a record 314 new sets and plans a multiyear Pokémon collaboration starting in 2026, CNBC has reported. Lego also expanded … Continue reading Lego hits record revenue in first half of 2025

Norway’s $2 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has divested from Caterpillar and five Israeli banks over concerns about their roles in rights violations linked to the West Bank conflict. The fund cited Caterpillar bulldozers used in the destruction of Palestinian property and Israeli banks’ financing of settlement construction deemed illegal under international law. The move comes amid political pressure … Continue reading World’s largest sovereign wealth fund exits Caterpillar and five banks

Cracker Barrel responded Monday to backlash over its new logo, which drops the “Uncle Herschel” character and the phrase Old Country Store, leaving only the name against a yellow barrel outline. Critics called the rebrand bland and un-American, sparking social media outrage and a 7% stock drop last week. The company reassured customers that Uncle Herschel will remain on menus, signage, and in stores, and that … Continue reading Cracker Barrel responds to backlash over new logo and rebranding

Asia-Pacific markets fell Tuesday as investors reacted to President Trump’s tariff threats and his move to fire Federal Reserve Governor Lisa Cook. Trump warned of steep levies on China’s rare-earth exports and on countries with digital taxes. Hong Kong’s Hang Seng led regional losses, sliding 1.18%, while Japan’s Nikkei fell 0.97% and South Korea’s Kospi dropped 0.95%. Australia and India also declined. U.S. futures dipped … Continue reading Hong Kong markets lead losses in Asia-Pacific as investors assess Trump’s tariff threats

President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook — the first such move in the Fed’s history — is expected to end up before the Supreme Court. Trump claims Cook made false statements on past mortgage applications, but Cook insists he has no legal cause to remove her and plans to sue. Analysts say the case could redefine the limits of presidential … Continue reading Trump’s Cook firing will likely end up in the Supreme Court’s hands

Hertz Car Sales has partnered with Amazon Autos, allowing shoppers to browse, finance, and buy Hertz’s used cars online. The move aims to streamline the car-buying experience and reach customers both online and in person. Hertz, one of the largest U.S. used car dealers, offers brands like Ford, Toyota, Chevrolet, and Nissan, while Amazon Autos gains its first fleet dealer, expanding its vehicle selection nationwide, … Continue reading Amazon Autos teams up with Hertz to sell used cars nationwide

Ether pulled back 6% to $4,548 on Monday after hitting a record high of $4,954 over the weekend, while bitcoin dropped over 1% to $111,502. The recent volatility followed a market surge after Fed Chair Jerome Powell hinted at possible rate cuts, triggering forced selling of $245 million in ETH and $175 million in bitcoin long positions. Ether has been leading the crypto market, supported … Continue reading Ether erases gains after hitting a fresh record over the weekend

Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s for about $18 billion, aiming to strengthen its struggling U.S. coffee business. The deal, which offers JDE Peet’s shareholders a 33% premium, is expected to generate $400 million in cost synergies over three years. Following the acquisition, Keurig plans to split its beverage and coffee operations into separate U.S.-listed companies, with the coffee … Continue reading Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in $18 billion deal

Federal Reserve Chair Jerome Powell signaled the possibility of a September rate cut in a Jackson Hole speech, while cautioning that inflation risks remain elevated due to tariffs. He stressed the Fed would not allow temporary price spikes to fuel persistent inflation. Powell also highlighted rising downside risks to employment as job growth slows sharply. Markets reacted positively, with stocks rallying and bond yields falling … Continue reading Fed Chair Powell opens door to September rate cut in Jackson Hole speech

Cracker Barrel lost nearly $100 million in market value after unveiling a new logo that drops its longtime image of “Uncle Herschel” leaning on a barrel, sparking backlash from investors, marketing experts, and conservative commentators. Shares fell over 7% on Thursday before recovering slightly, reflecting unease with the rebrand and broader concerns about the chain’s strategy. Critics called the redesign generic and a misstep that … Continue reading Cracker Barrel loses almost $100 million in value as stock plunges after new logo release

The U.S. will immediately stop issuing worker visas for commercial truck drivers, Secretary of State Marco Rubio announced, citing road safety risks and protection of American truckers’ jobs. The pause, applying to all nationalities, will allow a review of screening and vetting protocols. The move comes amid a shortage of about 60,000 drivers and efforts to enforce English proficiency and entry-level training standards, ABC News … Continue reading U.S. halts issuing worker visas for commercial truck drivers

Former President Donald Trump has called for Federal Reserve Governor Lisa Cook to resign, citing allegations about her mortgages in Michigan and Georgia. The claims, raised by US Federal Housing Finance Agency Director Bill Pulte, suggest Cook improperly declared multiple homes as primary residences to obtain favorable loan terms in 2021. Trump amplified the allegations on social media and has reportedly considered trying to remove … Continue reading Trump calls on Fed Gov Cook to resign over mortgage allegations

Target CEO Brian Cornell will step down early next year after more than a decade leading the $107 billion retailer. He will become executive chair, while current COO Michael Fiddelke takes over as CEO on Feb. 1. The leadership change comes as Target faces sluggish sales, boycotts over its Pride collection, and reduced DEI initiatives. In its latest quarter, revenue rose slightly from the previous … Continue reading Target CEO to step down as sales remain sluggish

Walmart is recalling certain Great Value brand frozen shrimp after the FDA warned of possible radioactive contamination. The shrimp, imported from Indonesian supplier PT. Bahari Makmur Sejati, may contain Cesium-137, though no recalled products have tested positive. Walmart has pulled the items from stores, urged customers not to eat them, and is offering refunds, CBS News has reported. The FDA said the warning followed detection … Continue reading Walmart recalls Great Value shrimp after FDA warns of risk of radioactive contamination

Air Canada flight attendants have reached a tentative agreement with the airline, ending a nearly four-day strike that grounded flights and stranded over 500,000 passengers. More than 10,000 crew members walked out over pay and scheduling, rejecting government back-to-work orders before mediated talks led to a breakthrough on Tuesday. The proposed deal includes immediate pay raises of 8–12% and new ground pay for pre-flight duties, … Continue reading Air Canada to resume flights after pay deal struck with union

Air Canada flight attendants continue their strike despite a Canada Industrial Relations Board ruling it “unlawful” and a government back-to-work order. The walkout, now in its third day, has stranded roughly 500,000 passengers. The union, CUPE, demands higher pay and compensation for ground time, rejecting the airline’s recent offer, the BBC has reported. Leaders say they are willing to face fines or jail rather than … Continue reading Air Canada flight attendant union refuses to end strike

Private members’ club chain Soho House has been acquired for $2.7bn (£2bn) by a consortium led by MCR Hotels and backed by private equity firm Apollo, with actor-investor Ashton Kutcher joining the board. Founded in London in 1995, Soho House now operates 46 clubs worldwide and other luxury hospitality ventures. Once a hotspot for celebrities including Prince Harry and Meghan Markle, its NYSE-listed shares had … Continue reading Soho House bought for £2bn as Ashton Kutcher joins board

The Trump administration is reportedly considering taking a 10% equity stake in Intel by converting some or all of its $10.9 billion in Chips Act grants, potentially valuing the stake at around $10 billion. The move comes amid concerns over Intel’s struggling foundry business and follows a meeting between President Trump and new CEO Lip-Bu Tan. Analysts say federal backing could help Intel, though the … Continue reading Trump administration in talks to take 10% stake in Intel

Air Canada has delayed its planned limited flight resumption after the flight attendants’ union defied a federal order to return to work. The Canadian Industrial Relations Board had directed staff to resume duties Sunday following binding arbitration imposed by Jobs Minister Patty Hajdu. CUPE, representing the attendants, called the order “blatantly unconstitutional” and said members remain on strike, demanding fair contracts and pay. The walkout, … Continue reading Air Canada halts flight restart after union defies back-to-work order

Louisiana sued Roblox, alleging the platform fosters an environment where sexual predators target children. Attorney General Liz Murrill claimed Roblox prioritizes growth and profits over safety, citing gaps in age verification and moderation. The lawsuit follows similar cases, including one in Iowa involving a 13-year-old allegedly trafficked after meeting an adult predator on Roblox. While the platform restricts sharing personal information and is testing age … Continue reading State sues Roblox over alleged failed protection

Intel shares surged 7.4% after reports that the Trump administration is considering a government investment in the struggling chipmaker to support its Ohio factory hub and financial stability amid job cuts. Talks followed a meeting between President Trump and Intel CEO Lip-Bu Tan, despite Trump recently calling for Tan’s resignation over alleged ties to China. While the White House stressed the discussions are speculative, investors … Continue reading Intel shares jump after report says Trump administration looking at stake

The World Economic Forum (WEF) board concluded there is no evidence of wrongdoing by Klaus Schwab after an independent probe into allegations that he and his wife misused Forum resources. While minor irregularities were found, the board said they reflected commitment rather than misconduct and strengthened governance measures were implemented. Schwab, 87, had already announced plans to step down. The WEF also replaced interim chairman … Continue reading Davos founder Schwab cleared of misconduct by WEF probe

Gildan Activewear will acquire U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, paying about $6 per share—a 24% premium. The deal merges Hanesbrands’ strong retail brands, including Hanes, Maidenform, and Playtex, with Gildan’s global wholesale operations. Analysts say Gildan’s low-cost manufacturing could improve efficiency. The acquisition follows years of challenges for Hanesbrands, including declining sales and heavy debt, though recent cost-cutting improved … Continue reading Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business

Bullish (BLSH), the cryptocurrency exchange and CoinDesk owner, saw its stock surge 8% pre-market Thursday to $75, doubling its $37 IPO price and valuing the company over $10 billion, despite a 20% drop from Wednesday’s opening at $90. Shares briefly spiked to $118 after trading began, prompting volatility halts. Bullish raised $1.1 billion in the IPO, above its expected $32–$33 range, following a failed 2021 … Continue reading Bullish stock ends first day at $70 with 90% gain

Cava shares fell 16% Wednesday after reporting weaker-than-expected quarterly same-store sales growth of 2.1%, far below Wall Street’s 6.1% forecast. The drop reflects a broader slowdown in fast-casual dining, as chains like Chipotle, Shake Shack, and Sweetgreen also report declining traffic and cautious consumers amid economic uncertainty. Executives cite “consumer fog” and low sentiment as key factors, though some chains are seeing modest recovery in … Continue reading Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown