The U.S. Commerce Department’s antidumping review of Italian pasta has triggered a proposed 92% duty on selected makers, atop a 15% Trump-era tariff, for a combined 107%. The probe, sparked by complaints from U.S. brands, targets La Molisana and Garofalo, which officials say impeded analysis, extending duties to 11 others....
New York City mayor-elect Zohran Mamdani urged consumers to skip Starbucks as baristas stage an open-ended Unfair Labor Practices strike timed to Red Cup Day, which has historically driven record sales. On X, he said he would not buy Starbucks while workers strike, adding, "No contract, no coffee." The walkout...
At a Senate hearing on his nomination as a housing regulator, 37-year-old Bill Pulte cast himself as heir to his family’s building legacy, recalling job site visits with his grandfather, PulteGroup’s founder, and praising Atlanta. Yet he no longer has an official role at PulteGroup after being pushed off its...
JPMorgan Chase has signed paid data-sharing agreements with fintech middlemen covering more than 95% of data requests, including Plaid, Yodlee, Morningstar and Akoya. The bank says the deals will make open banking safer and more sustainable, following weeks of talks after the Trump Administration asked a federal court to vacate...
PepsiCo is stripping artificial flavors and dyes from two of its best-known snacks, unveiling new Simply NKD versions of Doritos and Cheetos that are entirely dyeless. The lineup includes Simply NKD Nacho Cheese and Cool Ranch Doritos, plus Simply NKD Puffs and Flamin' Hot Cheetos. CMO Hernan Tantardini said the...
The United States and Switzerland have essentially reached a trade deal to lower tariffs on Swiss goods from 39% to 15%, US Trade Representative Jamieson Greer said, with details expected Friday. The pending agreement would deliver long-desired relief to Switzerland, which faced the highest levy the Trump administration imposed on...
StubHub shares plunged 20% in extended trading after the ticket vendor posted its first results since its September IPO. The company reported a $4.27 loss per share and $468.1 million in revenue, topping estimates, while a $1.33 billion net loss reflected a one-time $1.4 billion stock-based compensation charge tied to...
Bitcoin slipped below $95,000 on Friday, extending a four-day slide amid an AI-linked pullback in Big Tech. The token last traded at $94,896.03, down 3.5%, after briefly reclaiming $107,000 on Tuesday before rolling over. Futures tied to the Nasdaq-100 fell more than 1% premarket, with Meta, Alphabet, Intel, Nvidia and...
Sports teams are shifting from trophies to core investments for the ultra-wealthy, a J.P. Morgan Private Bank survey finds. Among 111 billionaire family-office principals polled by its 23 Wall unit, 20% now own controlling stakes, up from 6% in 2022. Thirty-four percent invest in teams or arenas, eclipsing art and...
Last week, Health Secretary Robert F. Kennedy Jr. stood in the Oval Office and praised President Trump’s drug pricing deal for weight loss drugs, thanking the chiefs of Novo Nordisk and Eli Lilly. The move marked a sharp turn from his past attacks on such medications and their makers. The...
