Italian pasta exporters plan US market exit

 

Italian pasta makers say the Trump administration’s steep trade penalties could push their products off U.S. shelves, after the Commerce Department set a 92 percent antidumping duty on brands including La Molisana, atop a 15 percent EU tariff—107 percent in all. Italy’s biggest exporters plan to halt U.S. sales as...

Amazon launches early Black Friday 2025 deals

 

Amazon has launched early Black Friday 2025 deals ahead of its official sale starting Thursday, November 20, with discounts spanning electronics, home goods, beauty and toys. Shoppers can find savings on items like Echo devices, smart TVs, JBL headphones, Bose earbuds, robot vacuums and Lego sets, with new offers expected...

Warren Buffett accelerates philanthropy as leadership shift nears

 

Writing one of his final letters as Berkshire Hathaway’s chief executive, Warren E. Buffett said he will accelerate plans to donate much of his $150 billion fortune to his children’s philanthropic foundations. Buffett, 95, reaffirmed that Gregory Abel will take over at year’s end, praising Abel’s grasp of Berkshire’s far-flung...

Streaming giants intensify full screen pause ads

 

Streaming giants are turning the humble pause into prime ad real estate, expanding from subtle overlays to full-screen, shoppable pitches. Amazon’s format can add items to carts and lifted Duracell purchases 12% when paired with regular spots; Netflix says 77% of ad-tier viewers keep pause ads up for at least...

Shutdown intensifies coast to coast flight disruptions

 

Air travel unraveled Monday as controller shortages deepened by the longest-ever U.S. government shutdown forced cuts and cancellations. Cirium counted 1,432 of 25,733 flights scrubbed, about 5.5% and rising, after the administration ordered airlines to reduce schedules at 40 major airports, ramping from 4% last Friday to 10% by Friday,...

FAA closes DFW to most noncommercial air traffic

 

Facing controller shortages during the federal shutdown, the FAA on Monday closed Dallas-Fort Worth International Airport to most non-commercial air traffic until 6 p.m., limiting operations to DFW-based aircraft and emergency, medical, law enforcement, firefighting, or military missions. Controllers, unpaid for over a month and working overtime, have called in...

Kia previews larger next generation Telluride

 

Kia on Monday previewed its next-generation Telluride, calling it a new benchmark for the brand. The 2027 model, expected in U.S. showrooms in the first quarter, grows larger and boxier with a modern look, a broad grille framed by vertical headlamps, and a sleek rear silhouette reminiscent of a Range...

Chanos closes bitcoin Strategy pairs trade

 

Short seller Jim Chanos closed a pairs trade that went long bitcoin and short Strategy’s common stock, betting the company’s premium to its bitcoin holdings would shrink. It has: from nearly three times net asset value in November to about 1.2 times, while bitcoin rose roughly a third over 12...

Hedge funds escalate talent war for loyalty

 

From Dorado Beach to a WeWork in Milan, top hedge funds are sweetening the deal to keep star traders from defecting. The multistrategy giants including Millennium, Point72, Citadel and Balyasny are offering relocation to tax havens, bespoke titles and guarantees that can top $100 million, funded in part by pass-through...

Shutdown curbs private jets at major airports

 

With the shutdown past 40 days, unpaid air traffic controller shortages pushed the FAA to tighten flight limits, escalating last week’s 10 percent cut into a de facto halt on private jets at 12 of 40 affected airports. The NBAA said the rules disproportionately hit business aviation, citing more than...