Business

Business briefs for Dec. 5

President Joe Biden on his visit to sub-Saharan Africa has pledged another $600 million for a cross-continent rail…

Business

Business briefs for Dec. 6

Powell: Independence key to Fed decisions Chair Jerome Powell said the Federal Reserve’s ability to set interest rates…

Business

Shoppers spent $13.3 billion on Cyber Monday, up 7.3% over 2023

U.S. shoppers spent $13.3 billion online on Cyber Monday, according to Adobe Inc., up 7.3% over 2023 and…

Business

Nike, Foot Locker partner on ‘Home Court’ displays to rebuild partnership

Foot Locker Inc. is planning to expand its Home Court basketball sections developed with Nike Inc. in stores…

Business

Solar power glut boosts California electric bills. Other states reap the benefits

California is making so much solar energy that large commercial operators are increasingly forced to stop production, raising…

Business

Nike will shut down RTFKT, a subsidiary that made virtual sneakers for the metaverse

A company that Nike purchased in 2021 as part of its move into the metaverse announced on Monday…

Business

FTC opens Microsoft antitrust investigation that Trump administration must carry on or drop

Antitrust enforcers with the Federal Trade Commission have opened a wide-ranging investigation into Microsoft’s business practices, starting a…

Business

Older women are changing the face of the U.S. labor force

More women than ever are putting off retirement, and they do it because they relish their work —…

Business

Potato processors face price-related lawsuits

Processors of frozen potato products fixed prices during the recent period of high inflation and kept them too…

Business

Intel CEO retires as chipmaker’s struggles continue

Intel on Monday announced the retirement of CEO Pat Gelsinger, under whose leadership the legacy tech giant has…

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