Trending Business News
David Jones’ future looks grim. Is Myer next?
David Jones’ entry into administration raises questions about the stability of rival Myer, which faces profitability pressures despite sales growth from recent acquisitions and heavy discounting strategies.
‘I’m scared about my future’: young people on the stress and desperation of jobseeking
Young jobseekers describe prolonged stress, rejection, and mounting desperation as they struggle to find employment in a competitive market, with some experiencing health crises and financial hardship.
Troubled Scottish steel supplier raises questions over Royal Navy contracts
A Scottish steel supplier facing financial difficulties holds a critical contract to produce plates for three Royal Navy warships, raising concerns about whether the ships can be built with British steel.
Eric Trump-backed robot soldier startup can’t pay staff after founder borrowed $4.6 million from company to buy home
Foundation Future Industries, a military robot startup backed by Eric Trump, missed payroll in October after its CEO borrowed $4.6 million from the company to purchase a luxury home.
Interest rate rises likely in coming months, Bank of England’s chief economist says
The Bank of England’s chief economist signaled probable interest rate increases next month and in early 2027 to combat rising inflation, warning of higher mortgage payments for millions of homeowners.
Expedia CEO says AI agents aren’t changing booking habits — yet
Expedia’s CEO stated the company has not yet observed AI agents changing customer booking patterns, though early indicators suggest potential for future industry disruption.
Tesla to wind down Cybertruck production in Texas next year to ramp Cybercab, Musk says
Tesla will wind down Cybertruck production at its Texas facility around mid-2026 to make room for manufacturing the Cybercab robotaxi, CEO Elon Musk announced.
Restaurant chains refocus on food quality to bring back diners
Major restaurant chains are prioritizing food quality improvements, from better chicken tenders to creamier frostys, as they seek to attract diners and compete on taste beyond pricing alone.
Eli Lilly’s Foundayo obesity pill eases sleep apnea in late-stage trial, paving way for approval
Eli Lilly’s obesity drug Foundayo significantly reduced sleep apnea severity in late-stage trials, with the company planning to seek U.S. approval by year-end for treating the breathing disorder in obese patients.
Air traffic control boss says he was ‘most disliked person in the UK’ after flight chaos
The head of UK air traffic control says he became “the most disliked person in the UK” after system failures in September caused widespread flight disruptions and prompted calls for his resignation.
JetBlue unveils new first-class seats to bring back profits
JetBlue unveiled new domestic first-class seats Wednesday as airlines pursue premium travel to restore profitability following years of losses.
Burberry returns to profit as sales soar, from £85 socks to £9,000 coats
Burberry returned to profit with £19m in pre-tax earnings as sales grew 6% over summer, driven by strong performance in China and the US despite a challenging luxury market.
Disney’s ‘Star Wars’ is coming to Cosm domes ahead of 50th anniversary as part of multiyear film deal
Disney and Cosm have partnered to bring the original ‘Star Wars’ film to immersive dome theaters starting in March, ahead of the franchise’s 50th anniversary in May.
Global oil supply returns to surplus for first time since start of Iran war, says IEA
Global oil supplies exceeded demand by nearly 2 million barrels daily in October, marking the first surplus since the Iran conflict began, according to the International Energy Agency.
‘The social contract is broken’: young people on feeling shut out of careers
Young adults with degrees and qualifications report struggling to secure entry-level employment despite extensive job applications, interviews, and government support programs, describing a broken social contract.
Small retailers brace for ‘huge hit’ this holiday season as shipping costs spike
Small retailers face mounting pressure as shipping costs surge during the holiday season, with some business owners absorbing losses rather than passing full expenses to customers.
Where’s the growth? Legacy automakers face a tougher 2027 as costs rise, market tightens
Global automakers face mounting pressure heading into 2027 as rising costs, weaker vehicle pricing, and increased competition from Chinese manufacturers threaten profits and growth.
Honda to invest $3 billion in new vehicle assembly plant in Ohio
Honda plans to invest $3 billion in a new vehicle assembly plant in Ohio, expected to begin production in 2029 with capacity for 240,000 vehicles annually and create over 2,000 jobs.
PepsiCo to cut about 1,000 jobs as North American business struggles
PepsiCo is cutting about 1,000 jobs across North America as it attempts to reverse declining sales and strengthen its domestic business performance.
Children’s Place files for bankruptcy protection, seeks buyer
Children’s Place, operator of 514 North American stores under its namesake and Gymboree brands, has filed for chapter 11 bankruptcy protection and is seeking a buyer with offers due by December 9.
Skydance outlines its $6 billion in planned cost savings. Here’s the breakdown
Skydance outlined plans to achieve at least $6 billion in cost savings over three years following its merger with Warner Bros. Discovery, targeting redundant functions, marketing spend, and technology consolidation.
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Google Quality Decline Part Of Deliberate Monopolistic Strategy
With Google bracing for the possibility of a court-mandated breakup after being ruled a monopoly, WalletHub today released a new report with clear evidence showing that Google’s declining search quality is the result of an intentional strategy designed to boost ad...
Autonomous Rideshares Continue to Grow in the US
Artificial intelligence is transforming the way people interact with their computers and other smart machines. How much will it also affect the way the public commutes to work, school, and elsewhere? Leading the change are well-known companies, such as Waymo and...
Making Streets Safer for Pedestrians
One of the best ways to reduce traffic and create healthier communities is by ensuring that our streets are safer for pedestrians so that they feel comfortable walking as opposed to getting into their car. In some places, pedestrians might not even feel safe walking...
Considering a US Employment Visa: Understanding Your Options
According to the United States' Bureau of Consular Affairs, the U.S. makes approximately 140,000 permanent worker employment-based visas available every year in addition to many temporary worker visas. Yet, since the presidential inauguration on January 20, 2025,...