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Investing

Starbucks poaches Nordstrom CFO as executive shake-up continues

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri. The executive…
Investing

Kroger chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain,…
Investing

DOGE plans to wind down consumer protection agency and fire nearly all staff, employees say

The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony…
Investing

Treasury Dept. will not enforce ownership information reporting for millions of businesses

The U.S. Department of the Treasury on Sunday announced it won’t enforce the penalties or fines associated with the Biden-era “beneficial ownership information,” or…
Investing

In wake of L.A. wildfires, a diverse small business community looks to rebuild

When the Los Angeles wildfires swept through Southern California in January, Barbara Shay lost much more than the building housing the cafe…
Investing

Treasury ends enforcement of business ownership database meant to stop shell company formation

The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday…
Investing

Musk says he’s sending Starlink tech to FAA while asserting, without evidence, that air safety is at risk

Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence, that…
Investing

Soaring egg prices are threatening a classic holiday tradition: Easter dye kits

The egg aisle is anything but cheaper by the dozen these days — and that’s becoming a big problem ahead of the…
Investing

Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released

Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches…
Investing

Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off

Elon Musk’s status as the world’s wealthiest person is in no danger of changing. But since mid-December, the tech titan’s net worth…
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