Tag: Breaking News: Business
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Trump sued over Truth Social advance access sale
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump’s posts on his own social media site often move financial markets.
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Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter’s stake in Los Angeles Lakers at valuation of more than $12 billion.
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Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot’s CEO Ted Decker is taking a temporary medical leave of absence that’s expected to last a few months.
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Mortgage rates finally stop rising, causing demand to trickle back
Mortgage rates finally eased a tiny bit, but it was enough to bring some demand back to a very beleaguered mortgage market.
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GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
The deal follows years of global automotive supply chain issues for GM and other companies.
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AI computing power is becoming a tradable asset class as CME launches futures contracts
The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.
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Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
The CEO of the nation’s largest single-family rental landlord said the new law banning large-scale investors from the market will lower prices in the long term.
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Trump wants to split the MMR vaccine. Experts say that’s unlikely — and comes with consequences
Doctors and other experts say that splitting the measles, mumps and rubella shot has no scientific basis and is unlikely to get off the ground.
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Target appoints its first chief AI officer as big retailers bet on AI
Target announced its first-ever chief artificial intelligence officer on Tuesday as retailers race to take advantage of the AI boom.
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Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a new category of personal care items for kids, tapping into a growing market and largely untapped space.
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