Economy

Cathy Smith in 2019. Mark Lennihan | AP Starbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri. The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning […]

The new Bitcoin token is photographed on U.S. $100 bills. Sopa Images | Lightrocket | Getty Images Crypto reversed most of its losses Tuesday afternoon, with the price of bitcoin climbing back toward the key $90,000 level. The flagship cryptocurrency was last higher by more than 1% at $86,927.54, according to Coin Metrics, and off […]

A man walks by the front of a Best Buy store at American Dream Mall on November 29, 2024 in East Rutherford City. Kena Betancur | Getty Images Best Buy on Tuesday posted fiscal fourth-quarter earnings and revenue that topped expectations, but CEO Corie Barry projected that prices for U.S. consumers would rise as President […]

Target on Tuesday warned that it expects a “meaningful” drop in first-quarter profit compared with the year-ago period as it contends with “ongoing consumer uncertainty,” soft sales in February and concerns around tariffs. The first three months of the year tend to be slow for retailers because consumers typically pull back after the holiday shopping […]

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]

Subsea cables are the backbone of the internet, carrying 99% of the world’s data traffic. Serg Myshkovsky | Photodisc | Getty Images U.S.-Chinese tensions surrounding technology have have sunk to sea lows. Subsea cables hit the headlines earlier this year after four out of 15 critical submarine cables in the Red Sea were cut amid […]

Former President Donald Trump was cheered and celebrated when he arrived at the Republican National Convention in Milwaukee Monday, his first public showing since the assassination attempt against him at his Pennsylvania rally. The former president was wearing a bandage over his right ear, but otherwise appeared to be in good spirits. As he walked […]

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally-obtained funds, according to a report by Chainalysis. The report, which studied […]

SEOUL, SOUTH KOREA – FEBRUARY 09: People watch a television show North Korea’s 75th anniversary of the founding of the armed forces day military parade released by Korean Central News Agency (KCNA) in Seoul, South Korea.Chung Sung-jun | Getty Images News | Getty ImagesNorth Korea announced its plans to launch its first-ever military spy satellite… […]

Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at the Historic Greenbrier Farms in Chesapeake, Virginia, on July 28, 2024. Jim Watson | Afp | Getty Images Trump Media shares closed up more than 30% Monday, two days after the attempted assassination of former PresidentDonald Trumpthe company’s majority shareholder. […]