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Meatpacking Workers Strike JBS Plant in Colorado

About 3,800 workers at a JBS-owned plant in Greeley, Colorado went on strike Monday morning. This marks the first walkout at a U.S. beef slaughterhouse since the 1980s. The United Food and Commercial Workers Local 7 union represents these workers who are demanding higher wages, life-saving safety eq

Mar 16, 1:58 PM ET Est. Read: 2 Mins

6 articles from 6 publishers

BusinessCorporate

Meta Plans Major Layoffs Amid AI Spending Surge

Meta Platforms is considering laying off up to 20% of its workforce, according to reports from Reuters. The social media giant aims to offset heavy spending on artificial intelligence infrastructure and prepare for greater efficiency brought about by AI-assisted workers. The potential layoffs could

Mar 16, 8:05 AM ET Est. Read: 1 Mins

6 articles from 4 publishers

BusinessEconomy

UK Steelworks Costs Reach £1.3M Daily

The UK government has spent £377 million in nine months to keep British Steel's Scunthorpe site operating, according to a report from the National Audit Office (NAO). The ongoing operations are costing the Department of Business and Trade ( DBT ) about £1.3 million per day, with no set budget, repay

Mar 16, 4:05 AM ET Est. Read: 1 Mins

3 articles from 3 publishers

More Business Summaries

Corporate

UniCredit Moves to Boost Commerzbank Stake

UniCredit, Italy’s second-largest lender, has launched an unsolicited bid to increase its stake in Commerzbank above 30%, according to multiple reports. This move aims to unlock an 18-month stalemate and push the German rival to accept merger talks. The surprise offer implies a value for Commerzbank

Mar 16, 4:05 AM ET·3 min read

6 articles from 3 publishers

Technology

Adobe CEO Exit Sparks Concerns Over AI Strategy

Adobe shares fell more than 7% after the company announced that CEO Shantanu Narayen will step down once a successor is appointed. The news raised concerns about Adobe's strategy to compete in the face of mounting AI competition and disrupted traditional software models. Narayen, who has been CEO

Mar 15, 2:23 PM ET·2 min read

3 articles from 2 publishers

Energy

Fujairah Resumes Oil Loadings After Attack

Oil loading operations at the United Arab Emirates' Fujairah emirate have resumed following a drone attack and subsequent fire on Saturday, according to four sources cited by Reuters. However, it remains uncertain whether these operations have returned to normal levels. The port of Fujairah is a maj

Mar 15, 2:23 PM ET·2 min read

3 articles from 2 publishers

Economy

Jet Fuel Prices Rise Amid Middle East War

Jet fuel prices are rising sharply amid the ongoing war in the Middle East, which is disrupting global oil supplies. This surge is putting financial pressure on airlines as they prepare for the busy summer travel season. The conflict has constrained oil exports from major producers like Kuwait, Saud

Mar 14, 10:13 PM ET·1 min read

3 articles from 3 publishers

Corporate

Trump Administration Poised for $10B TikTok Deal Fee

The Trump administration is reportedly set to receive a $10 billion fee for facilitating the transfer of control of TikTok's U.S. operations from its Chinese parent company, ByteDance, to American investors according to multiple reports . The deal was finalized in January after President Donald Trum

Mar 14, 2:23 PM ET·2 min read

4 articles from 3 publishers

Markets

Prediction Markets Face Scrutiny Over Insider Trading

Prediction markets like Kalshi and Polymarket are facing increased scrutiny over potential insider trading involving U.S. officials and sensitive information. These platforms allow users to bet on political events, including wars and regime changes, raising concerns about the risk of insider trading

Mar 14, 7:32 AM ET·4 min read

4 articles from 4 publishers

Legal

Live Nation Antitrust Trial Resumes

The antitrust trial involving Live Nation Entertainment and its subsidiary, Ticketmaster , resumed Monday in a New York federal court after settlement talks failed to reach an agreement with most states. Seven states—Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, South Carolina, and South Dakota—h

Mar 14, 1:47 AM ET·2 min read

5 articles from 4 publishers

Technology

Apple Lowers App Store Fees in China

Apple announced late on Thursday it would lower the commission fees collected in its App Store in mainland China. The move follows pressure from regulators in the tech company’s second-largest market, as well as global scrutiny of its payment requirements. The new 25% commission will apply to paid a

Mar 13, 3:30 PM ET·2 min read

3 articles from 3 publishers

Trade

US-China Trade Talks Wrap in Paris Ahead of Trump-Xi Summit

Top U.S. and Chinese economic officials concluded two days of trade talks in Paris on Monday, aiming to set agreements for President Donald Trump's upcoming visit to China at the end of March. The discussions focused on shifting U.S. tariffs, rare earth minerals, high-tech export controls, and agric

Mar 13, 3:30 PM ET·3 min read

13 articles from 8 publishers

Economy

Howard Schultz Moves to Florida Amid Tax Debates

Howard Schultz, the former CEO of Starbucks, has announced his move from Seattle to Miami after more than four decades in Washington state. This decision comes as Washington lawmakers advance a so-called millionaire tax that would impose a nearly 10% annual tax on personal earnings over $1 million.

Mar 13, 8:07 AM ET·2 min read

3 articles from 3 publishers

Legal

Live Nation Settles Antitrust Suit Amid Revealed Derogatory Messages

Live Nation Entertainment reached a settlement with the Trump Justice Department to resolve an antitrust lawsuit, while internal Slack messages unsealed in court revealed derogatory comments about customers and high ancillary fees by company employees. The messages surfaced two days after the compan

Mar 12, 4:31 PM ET·3 min read

8 articles from 6 publishers

Economy

Atlanta's Film Industry Faces Decline

Atlanta's once-thriving film industry, dubbed the "Hollywood of the South," has faced a steep decline in recent years. According to multiple reports, spending on film and TV production in Georgia plummeted from $4.4 billion in 2022 to just $2.3 billion in the last fiscal year. The number of total pr

Mar 12, 4:31 PM ET·3 min read

3 articles from 3 publishers

Economy

SAA Imposes Fuel Surcharge Amid Rising Jet A1 Prices

South African Airways (SAA) has announced a temporary fuel surcharge on bookings due to a substantial increase in jet A1 fuel prices. This move follows FlySafair's similar announcement earlier this week. The surge in fuel costs is primarily attributed to the ongoing conflict in the Middle East, whic

Mar 12, 4:31 PM ET·2 min read

5 articles from 3 publishers

LegalMIXED REPORTS

Judge Rejects Tourist's Lawsuit Against NYC Taqueria

A Manhattan federal judge has rejected a lawsuit filed by a German tourist against NYC's Los Tacos No. 1 taqueria over its spicy salsa. Faycal Manz, who visited the Times Square location in August 2024, claimed that the restaurant's hot sauce caused him severe health issues, including diarrhea, naus

Mar 12, 4:31 PM ET·2 min read

3 articles from 3 publishers

Automotive

Honda Cancels U.S. EVs Citing Tariffs

Honda has canceled three electric vehicles (EVs) it was developing for the U.S. market, citing President Donald Trump’s tariffs and rising competition from Chinese EV companies. The Japanese automaker announced on Thursday that the Honda SUV and Saloon, first unveiled at the 2025 Consumer Electronic

Mar 12, 1:01 PM ET·3 min read

7 articles from 3 publishers

Automotive

Rivian to Launch Affordable R2 SUV Line Starting at $58,000

Rivian will begin delivering its more affordable R2 line of SUVs this spring with a variant priced at $57,990 , according to multiple reports. The electric vehicle maker aims to widen its customer base and compete with Tesla's best-selling Model Y. The launch variant is a 656 horsepower dual-motor a

Mar 12, 1:01 PM ET·2 min read

3 articles from 3 publishers

Corporate

Costco Sued for Tariff Refunds

A Costco customer has filed a proposed class-action lawsuit against the retailer, demanding that potential tariff refunds be returned to shoppers who paid higher prices due to levies. The plaintiff, Matthew Sockov, argues that Costco could receive compensation twice—from customers through elevated p

Mar 12, 1:01 PM ET·2 min read

3 articles from 3 publishers

Economy

Gas Prices Surge as Iran War Fuels EV Interest

As gas prices surge due to the ongoing Iran war , some drivers are considering a switch to electric vehicles (EVs). The national average price for regular gasoline has risen to $3.57, up from $2.94 just a month ago. The conflict has disrupted oil flow through the Strait of Hormuz, a critical arte

Mar 12, 10:35 AM ET·2 min read

5 articles from 4 publishers

Automotive

BMW Faces Challenges Amid Global Auto Industry Shifts

BMW anticipates a moderate decline in pre-tax earnings for 2026, citing ongoing tariff costs and intense competition in China. The company reported a 6.7% slump in 2025 pre-tax profit and expects deliveries to remain stagnant. The outbreak of war in the Middle East has further rattled nerves, driv

Mar 12, 8:37 AM ET·3 min read

10 articles from 5 publishers

Legal

Estée Lauder Sues Jo Malone Over Name Use

Estée Lauder Companies has filed a lawsuit against British perfumer Jo Malone , her fragrance brand Jo Loves , and Zara UK for using her name in their recent collaboration. The cosmetics giant claims that the use of Malone's name on the packaging of Jo Loves fragrances sold by Zara breaches a 1999 a

Mar 12, 8:36 AM ET·2 min read

5 articles from 5 publishers

Energy

Tesla Approved to Supply Power in UK

Tesla has received approval from Ofgem, the energy regulator, to supply electricity to homes and businesses across Great Britain. This license allows the company to expand its energy operations into the UK market. The move positions Tesla to compete directly with existing household suppliers such

Mar 12, 6:29 AM ET·2 min read

5 articles from 5 publishers

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Business

Meatpacking Workers Strike JBS Plant in Colorado