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MORE FROM BUSINESS

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

The price 3G Capital agreed to pay represents a 30% premium to Skechers’ current valuation on the public markets, which is in line with similar takeover deals.
Skechers sneakers in a window display, seen from outside
Skechers sneakers in a window display, seen from outside
10h ago

U.S. crude oil prices fall after OPEC+ agrees to surge production in June

The eight producers in the group, led by Saudi Arabia, agreed Saturday to increase output by 411,000 more barrels per day in June.
An oil drilling rig station outside
An oil drilling rig station outside
14h ago

New college grads face a tougher job market — again

Pessimism runs high in the class of 2025 after entry-level hiring prospects have tightened for two years straight and a student debt crackdown begins.
graduates gowns college university caps
graduates gowns college university caps

Trump says he'll call CEOs when he disagrees with their business decisions

Retailers have increasingly offered warnings about the tariffs' impact on consumers.
Former US President Donald Trump watches Round 2 of LIV Golf Washington DC 2023
Former US President Donald Trump watches Round 2 of LIV Golf Washington DC 2023

Stocks unleash remarkable comeback after a historic dive from Trump's tariffs announcement

The S&P 500 has notched its longest winning streak in 20 years after suffering some of its worst-ever drawdowns.
Stock ticker.
Stock ticker.
2d ago

Major delays at Newark Liberty Airport wreak havoc with weekend travel plans

United Airlines canceled dozens of flights at Newark following a chaotic week of travel that left some passengers dealing with massive delays.
Newark Liberty Airport.
Newark Liberty Airport.
2d ago

How tariffs are affecting the Kentucky Derby

Uncertainty over the economy due to President Donald Trump’s oscillating tariff policies looms large over America’s longest running sporting event.
151st Kentucky Derby - Previews
151st Kentucky Derby - Previews
2d ago

Warren Buffett to ask board to make Greg Abel CEO of Berkshire Hathaway at year-end

Buffett noted he would still ‘hang around’ to help, but the final word on company operations would be with Abel, currently the vice chairman of non-insurance operations for Berkshire.
warren buffet financial finance investor bershire hathaway
warren buffet financial finance investor bershire hathaway

Retailers are turning the trade war into a sales event

Buy now or pay later: Brands beg shoppers to spend before Trump’s tariffs hit their prices.
Large red shipping crate being lowered by a crane. The word "Sale!" is painted across the side of the crate in white letters.
Large red shipping crate being lowered by a crane. The word "Sale!" is painted across the side of the crate in white letters.

Temu halts shipping direct from China as de minimis tariff loophole is cut off

The loophole, which allowed items worth $800 or below to enter the U.S. duty-free since 2016, expired Friday as an executive order signed by Trump last month.
Temu package
Temu package
3d ago

EXCLUSIVE

EXCLUSIVE

Trump downplays recession fears, saying the U.S. would be 'OK' in the long term

Speaking to NBC News’ “Meet the Press,” Trump said the U.S. is in a “transition period” but will “do fantastically” in the long run.
Kristen Welker  interviews President Donald Trump
Kristen Welker  interviews President Donald Trump

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