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Treasury Department to end penny production, saving $56 million annually
The U.S. government is phasing out production of the penny, which has been in circulation…
Investment bankers say Trump mergers and acquisitions boom already underway
President-elect Trump doesn’t officially take office for another week, but investment bankers say a boom…
McDonald’s takes massive sales hit from E. Coli outbreak
McDonald's sales took a significant hit in its latest quarter due to an E. coli…
Hyatt to acquire Playa Hotels
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net…
DOGE cuts, Trump’s tariffs and Super Bowl Sunday
-Stocks ended Friday and the week on a down note as Trump's tariffs roiled investors …
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires that blazed through Southern California last month will bring the insurance…
Ford is expecting mounting EV losses this year
Ford Motor Co. announced its fourth-quarter earnings this week, and while they came in above…
Nissan, Honda respond to reports of potential merger being scrapped
Nissan and Honda responded on Wednesday to reports that a potential merger of the companies…
Daniel Penny lands role at firm to ‘learn the business of investing’: report
Daniel Penny, who in December was acquitted of criminally negligent homicide for a chokehold in…
Estee Lauder trimming its workforce by up to 7,000 jobs
Estee Lauder announced on Tuesday that it plans to slash up to 7,000 positions from…
Trump’s tariffs, American Airlines and the U.S.-China AI race
-Stocks wrapped up a winning January, despite ending the Friday session lower as investors digested…
Trump Media shares surge after company expands into financial services
Shares of Trump Media, the parent of social media app Truth Social, surged on Tuesday…
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