Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.…
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Business
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Business
Some tariff concessions from Canada and Mexico touted by Trump lack substance, experts say
by adminPresident Donald Trump and his supporters have heralded his use of tariff threats to extract concessions on drug trafficking and border security from Canada and Mexico. Yet, experts say, some of the measures agreed to…
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All Quiksilver, Billabong and Volcom stores in the United States will close after their operator filed for bankruptcy protection. Altogether over 100 stores for the brands, that sell apparel for skaters, surfers and snowboarders, will…
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Business
Boeing’s Starliner losses top $2 billion after spacecraft program reports worst year yet
by adminBoeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA. The Starliner program reported charges of…
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Business
Disney tops quarterly profit estimates, but starts to lose Disney+ streaming subscribers
by adminDisney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a…
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The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so. ‘Effective February 5, 2025, the Postal Service will continue accepting all international…
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General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since…
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Fox Corp. is finally getting into the direct-to-consumer streaming game. The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the…
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Business
Disney tops quarterly profit estimates but starts to lose Disney+ streaming subscribers
by adminDisney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a…