Business

Elon Musk and Jeff Bezos reignite feud over claims Bezos predicted Trump's loss, sparking renewed rivalry between space industry moguls.

Bitcoin breaks $85,000. What has Trump promised to do with crypto?

Red lobster is hoping for a comeback with a new menu and a millennial makeover led by the company’s new 35-year-old CEO.

Red Lobster’s revival with 35-year-old CEO: Will a millennial makeover work?

Mattel is apologizing for a packaging problem on its “Wicked” dolls where a misprinted URL sent customers to an adult film website.

Mattel apologizes for ‘Wicked’ dolls packaging linking to porn site

Campaign surrogates are often rewarded with prominent cabinet positions. But Elon Musk stands to lose a lot more if he enters government life.

Will Elon Musk’s conflicts keep him from serving in Trump’s White House?

At least one company is already making major changes to its business relationship with China following President-elect Donald Trump’s victory.

Steve Madden to slash China sourcing to avoid Trump tariffs

A defiant Jerome Powell made clear he’s not budging from his chair when President-elect Donald Trump is back in office.

Fed Chair Jerome Powell has one word to say to reports Trump wants him gone

Americans saw an increase in robocalls in October — receiving nearly 4.9 billion of them — and you can thank the presidential election for that.

Election fuels 4.9 billion robocalls in October

The Biden administration is working to complete CHIPS and Science Act agreements with multiple companies like Intel and Samsung, hoping to finish up the initiative before President-elect Donald Trump returns to the White House.

Push for CHIPS Act subsidies ramps up ahead of Trump taking office

The FDA could soon pull a common but ineffective ingredient in cold and flu medicines from shelves.

Popular cold, flu medicine could be pulled from market for ineffectiveness

The New York Times Tech Guild is urging readers to avoid popular games like Wordle and Connections on The Times’ website in solidarity.

NYT tech workers release own versions of Wordle and Connections during strike

Federal regulators denied Amazon’s request for increased nuclear power to support its data centers, citing concerns over consumer cost hikes.

Amazon wants more nuclear power, but regulators fear spike in consumer costs

As President-elect Donald Trump prepares for his next four years in the White House, he has a new potential business conflict: Trump Media.

Does Trump have to sell his DJT stake? We asked a White House ethics lawyer

The Federal Reserve cut the federal funds rate by 25 basis points. It's the first policy decision since Tuesday's presidential election.

Federal Reserve cuts interest rate by 25bps in first post-Election move

"We must accept the results of this election." Vice President Kamala Harris concedes the election to Donald Trump.

Harris concedes presidential election to Trump

The clean energy sector is in the midst of reacting to potential policy changes after President-elect Donald Trump's victory.

Clean energy sector reacts to potential policy shifts after Trump victory

TGI Friday's franchisees are worried they will be on the hook for nearly $50 million in gift cards after the company filed for bankruptcy.

TGI Friday’s franchisees worried over $50M in gift cards amid bankruptcy

The Trump trade is back on and bigger than ever. The stock market broke multiple records on Trump's win while Trump Media and Tesla soared.

Stock market soars to records on Trump election victory

Proposition 36, a new California ballot measure, passed overwhelmingly, increasing penalties for certain drug, theft, and property crimes.

California votes to crack down on crime as ballot measure passes

Voters in three red states have passed measures requiring paid sick leave for employees.

Paid sick leave passes in 3 red states during election

Americans in four states voted on marijuana measures on Tuesday, Nov. 5. Two measures passed while three others failed.

Marijuana measures run into strong opposition during 2024 election

Facebook's parent company Meta has halted plans for a nuclear-powered data center after discovering a rare bee species near the project site.

Rare bee discovery halts Facebook parent Meta’s nuclear power plans

Netflix offices in Europe raided by tax fraud investigators: Reports

It's taking Americans a decade longer to buy their first homes compared to previous generations as boomers dominate the home-buying market.

The average home buyer is 56 years old as first-time buyers fall to historic lows

The New York Times' tech team has gone on strike, threatening the newspaper's real-time coverage of Election Day results.

New York Times’ tech staff walks out before Election Day