Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement package ahead of anticipated restructuring. The entertainment giant outlined the voluntary early retirement offer (VERO) available to tenured executives who meet eligibility criteria in an internal email sent by Disney…
Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear. The sports apparel and footwear retailer’s stock declined over 29% during Tuesday’s trading session, on pace for a record one-day percentage drop if the losses hold, after it also missed…
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets…
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde…
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Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over…
ChatGPT-maker OpenAI on Tuesday announced that it’s creating a new portal for teenagers between the ages of 13 and 17…
Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in…
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July,…
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The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned. The rules restricting ESG funds from being included in Trump Accounts come…
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While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors. Despite Bank of America’s issuing the most hawkish forecast on Wall Street — predicting three interest rate hikes under Federal Reserve Chair Kevin Warsh…
President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help the U.S. share of the chip market rise to 50% by the end of his term. “We’re creating more jobs, we have more people working…
Companies in the private sector added 98,000 jobs in June, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 118,000 jobs and down from the prior month’s unrevised 122,000 payrolls figure.Which industries are hiring the most workers, according…
The Bureau of Labor Statistics has taken steps to address issues that led to the release of key economic data at improper times in 2024, though a watchdog said it has more work to do in establishing safeguards. A report by the Labor Department’s inspector general looked at a trio…
The Department of Transportation on Tuesday announced that regulators are moving toward enabling civilian supersonic flights over the continental U.S., which have been banned for decades due to sonic booms. The Federal Aviation Administration (FAA) proposed a rule that sets a noise-based certification standard for supersonic aircraft and signaled that…
Disney is set to pay out a $50 million settlement in a class action lawsuit that alleged the entertainment giant broke antitrust and consumer protection laws by pushing prices for streaming subscriptions higher. The settlement follows a 2022 federal class action lawsuit that was filed by YouTube TV and DirecTV…
Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a new report finds. The American Farm Bureau Federation’s Summer Cookout Cost Survey finds that in 2026, a classic Fourth of July cookout for 10 people…
British American Tobacco is planning to cut about 20% of its workforce as it moves forward with using artificial intelligence (AI) to reshape its operations with the goal of lowering costs and boosting profits. The maker of Lucky Strike and Dunhill cigarettes said Monday it plans to cut around 5,500…
Luxury retailer Saks Global on Friday announced it will operate with a new name after it exited bankruptcy after cutting its store count and reducing its debt obligations. The company – which is the parent of notable retail brands including Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – will…
Rachel Cruze is warning young adults — especially young men — that chasing “quick” money through sports betting, cryptocurrency and risky real estate moves could put their financial futures at risk. Cruze, a financial coach, best-selling author and co-host of “The Ramsey Show,” told FOX Business the mistake she sees…
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