Billionaire philanthropist Bill Gates announces a sweeping new plan to donate virtually all of his wealth by the year 2045, pledging over …
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Category:
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Business
WeightWatchers Files for Chapter 11 Bankruptcy Amid Surge of Weight Loss Drug Competition
by Sonia Parkby Sonia ParkWeightWatchers, one of the most recognizable names in the health and wellness industry for more than 60 years, is filing for Chapter …
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Business
Federal Reserve Holds Interest Rates Steady Amid Mixed Economic Signals and Persistent Inflation
by Sonia Parkby Sonia ParkThe Federal Reserve is leaving its benchmark interest rate unchanged, maintaining the current range of 5.25% to 5.50%, as policymakers assess a …
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Business
Mattel CEO Warns 145% China Tariffs Could Push Toy Prices Higher in the U.S.
by Sonia Parkby Sonia ParkMattel CEO Ynon Kreiz is sounding the alarm over newly implemented U.S. tariffs on Chinese imports, warning that the dramatic 145% tariff …
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Business
Tesla Denies Report It’s Seeking Replacement for CEO Elon Musk Amid Leadership Speculation and Stock Slide
by Sonia Parkby Sonia ParkTesla leadership is forcefully denying a report published this week by The Wall Street Journal claiming the company’s board of directors is …
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Business
Kohl’s CEO Ashley Buchanan Fired Over Ethics Violations After Just Months on the Job
by Sonia Parkby Sonia ParkIn a stunning leadership shakeup, Kohl’s Corporation announces the immediate termination of CEO Ashley Buchanan following an internal investigation that uncovered serious …
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Business
Hershey Reports Sharp Profit Decline in Q1, Warns Tariffs Will Impact Future Earnings
by Sonia Parkby Sonia ParkThe Hershey Company posts a significant drop in first-quarter profits, reporting earnings of just over $224 million—down sharply from $797.5 million during …
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Business
McDonald’s Sales Decline for Second Straight Quarter as Economic Uncertainty Weighs on Consumer Spending
by Sonia Parkby Sonia ParkMcDonald’s reports a decline in U.S. same-store sales for the second consecutive quarter, signaling that even the world’s largest fast-food chain is …
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Business
Ford CEO Praises Trump’s Auto Tariff Relief, Calls It ‘The Right Thing to Do’ for U.S. Manufacturing
by Sonia Parkby Sonia ParkFord Motor Company CEO Jim Farley is offering strong support for President Donald Trump’s latest move to ease auto industry tariffs, calling …
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Business
UPS to Cut 20,000 Jobs in 2025 Amid Plummeting Amazon Deliveries and Major Network Consolidation
by Sonia Parkby Sonia ParkUPS announces it will lay off 20,000 workers throughout the remainder of 2025 as the logistics giant grapples with falling demand, operational …