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American mall retailer warns it may close up to 15 more stores this year18:30 Fossil Group expects to close up to 15 stores in 2026 as the watch and accessories company cuts costs and shrinks its retail footprint. Dimon urges calm over fear about AI's impact on jobs: 'Stop being breathless over it'17:58 Jamie Dimon urged calm over AI job loss fears, saying JPMorgan Chase reskills and redeploys workers rather than cutting headcount as technology advances. Major US bank bets big on America's shipbuilding comeback with $24M investment12:37 JPMorgan Chase is investing $24 million in Philadelphia to build a submarine assembly plant and train thousands of workers for defense roles. BMW recalls nearly 30K vehicles over engine starter defect that could cause fire4:39 Nearly 30,000 BMW plug-in hybrid vehicles face a recall due to a fire risk from starter relay corrosion, with dealers replacing the part free of charge. Dave & Buster’s moves further into nightlife with nationwide rave series2:00 Dave & Buster’s is teaming with Brownies & Lemonade on a nationwide rave series, bringing surprise DJs and multi-genre dance music lineups to seven U.S. cities through December. Trump says US rebuilding military as Iran's IRGC loses 90% of weapons capability1:29 President Donald Trump said Iran s IRGC military capabilities have been sharply reduced while predicting lower U.S. oil prices and easing inflation. Tom Brady teams with digital health firm eMed to expand GLP-1 weight loss medication access23:53 NFL legend Tom Brady is partnering with eMed to tackle the obesity epidemic by making GLP-1 weight loss medications accessible through employer health benefits. California lawmakers warn Newsom budget tax credit cap threatens Hollywood jobs23:53 Gov. Gavin Newsom’s final budget is drawing pushback from California lawmakers who say a business tax credit cap could threaten entertainment jobs and send production elsewhere. Warren Buffett excludes Gates Foundation from his annual donations of Berkshire stock22:49 The 95-year-old investor redirected nearly $6 billion in Berkshire Hathaway stock to his children s foundations after cutting Gates Foundation ties. Social Security recipients could see bigger cost-of-living adjustment in 2027, new forecast says21:46 A 3.8% Social Security COLA for 2027 could raise average benefits by $73.62, but the larger adjustment may accelerate trust fund insolvency. California grocery prices could rise as plastic packaging law takes effect21:14 California s new packaging law shifts recycling costs to manufacturers. Regulators say consumer impacts may be limited, while industry groups warn grocery prices could rise. Treasury unveils $1 gold coin with Trump's image on front20:11 Bessent announced the U.S. Mint will strike a new Trump $1 gold coin for America’s 250th anniversary, drawing both praise and backlash online. New York's AI data center pause sparks warnings US could lose ground to China20:11 Energy Secretary Chris Wright says New York s AI data center pause is "backwards," while Sen. John Fetterman warns "China wins." Pizza chain to close up to 50 locations as sales slump15.července MTY Food Group CEO Eric Lefebvre said 45 to 50 Papa Murphy s stores will close after nearly two years of turnaround efforts failed to deliver results. |