Washington, D.C.’s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation’s capital from access to Prime’s high-speed delivery. The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has “secretly excluded” two “historically underserved” D.C. ZIP codes from its expedited delivery service while charging Prime […]Read More

As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have had leadership shakeups: […]Read More

Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, […]Read More

Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Tesla said in a post on X, […]Read More

As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. The farm-focused retailer said it would stop sponsoring events such as pride celebrations and eliminate roles tied to diversity initiatives. Also on its list of actions: Tractor Supply would no longer submit data to the LGBTQ+ group Human […]Read More

Sporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her smartphone at her hair-care company’s warehouse in Waukegan, Illinois. It was time to go to work.  Potempa is a celebrity hairstylist who goes live on TikTok multiple times a week. During “the packing show,” as […]Read More

Intel’s CEO is stepping down as the stalwart American chipmaker has struggled to keep pace with the artificial intelligence revolution. The company announced that Pat Gelsinger, who’d led Intel since 2021 and logged more than 30 years in various positions with the chipmaker, had retired from the company effective Sunday. “While we have made significant […]Read More

President-elect Donald Trump is wasting little time affirming that tariffs will be a Day One priority. With his inauguration less than two months away, small businesses are already making moves to avoid expected cost increases — or weighing whether to take a financial hit or pass it on to customers. On Monday, Trump announced on […]Read More

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. A source confirmed the investigation to NBC News. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. […]Read More

Shares in a little-known drone company soared Wednesday after it announced that Donald Trump Jr. had joined its advisory board. Unusual Machines, an Orlando, Florida-based firm born just two years ago as it acquired a drone manufacturer and a separate drone retailing firm, announced the appointment in an early-morning news release. “Don Jr. joining our […]Read More