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Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American…
Investing

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he…
Investing

Sports executive charged with bid-rigging in Texas arena project

Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop,…
Investing

OpenAI to release web browser in challenge to Google Chrome

SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar…
Investing

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and…
Investing

Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling…
Investing

Waymo offers teen accounts for driverless rides

Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix. The Alphabet-owned company said that,…
Investing

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers…
Investing

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager…
Investing

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed…
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