Business

Nike says it is implementing a ‘surgical’ price increase in the United States to defray tariff costs (GREG BAKER) NEW YORK — Nike reported sharply lower quarterly profits on Thursday, but signaled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to …

NEW YORK, United States — The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fueling bets of cuts to US interest rates. But Wall Street rose handsomely, lifting the S&P 500 to near a closing record, following solid …

Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast.  Alberta premier says province in discussions with companies, ‘pretty close’ to a plan. Alberta Premier Danielle Smith has expressed confidence one or more private-sector pipeline operators will come …

BRUSSELS, Belgium — Apple announced changes to its App Store payment rules in Europe as it hit a Thursday deadline to address accusations of breaking EU digital competition rules — or face steep new daily fines. The European Commission in April slapped Apple with a fine of 500 million euros …

BRUSSELS — Candymaker Mars’ takeover of Pringles maker Kellanova was cleared by US antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the $36-billion deal, saying it could lead to price hikes. GREEN LIGHT – This photo illustration showed a can of Pringles potato chips manufactured …

SAN FRANCISCO — A US judge on Wednesday handed Meta a victory over authors who accused the tech giant of violating copyright law by training Llama artificial intelligence on their creations without permission. District Court Judge Vince Chhabria in San Francisco ruled that Meta’s use of the works to train …

The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2021 (AP Photo/Richard Drew, File) Government and aviation-industry experts say Boeing has made some strides toward improving its safety culture, but employees could still be subject to …

OPENAI Chief Executive  had a call with Microsoft CEO Satya Nadella on Monday and discussed their future working partnership, Altman said in a New York Times (NYT) podcast on Tuesday. DOWN THE ROAD OpenAI CEO Sam Altman speaks during Snowflake Summit 2025 on June 2, 2025, in San Francisco, California. …

TIANJIN, China — Chinese Premier Li Qiang warned on Wednesday that global trade tensions were “intensifying” as he addressed the opening ceremony of the World Economic Forum in the northern city of Tianjin. Officials including Singaporean Prime Minister Lawrence Wong are attending this week’s gathering in the port city, which …

NEW YORK — Oil prices sank for a second straight day and stock markets mostly rose Tuesday as a ceasefire between Iran and Israel appeared to be holding firm. Crude futures slumped in volatile trading after US President Donald Trump announced a ceasefire, extending Monday’s steep losses in oil after …