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Carter’s to Shutter 150 Stores, Lay Off 300 Workers as

Carter's to Shutter 150 Stores, Lay Off 300 Workers as Tariffs Squeeze Profits

Carter's will close 150 stores and cut 300 jobs by 2026 as rising tariffs drive up costs and squeeze profits.


Cameo Accuses OpenAI of Copying Brand Name in Sora's 'Cameo' Video Generator

Cameo sues OpenAI for using its brand name in Sora's "Cameo" video feature, alleging trademark infringement and consumer confusion.

UPS Announces 48,000 Job Cuts and $3.5 Billion Cost-Saving Push by 2025

UPS cuts 48,000 jobs and closes 93 facilities in a major $3.5 billion cost-saving overhaul by 2025.

UBS Faces $400 Million Suit From Ex-Trader Tom Hayes Over Alleged Libor Scapegoating

Ex-UBS trader Tom Hayes sues the bank for $400M, claiming he was made the fall guy in the Libor scandal.


Latest News

OpenAI x PayPal
Buy with PayPal is coming to ChatGPT thanks to a new partnership, and it will allow users to shop directly on the platform.
M&A Should Be a Growth Multiplier — Not an Operational
In the fast-paced world of business, mergers and acquisitions (M&A) have become a common strategy for growth and expansion. However, the integration process following an acquisition can often be a major stumbling block, leading to operational slowdowns and missed opportunities. Enter Gotara.
Disney to Pay $10 Million to Settle FTC Allegations Over
Disney channels, including ESPN and ABC, may vanish from YouTube TV by Thursday night if a new carriage deal isn't reached.
China Slaps Restrictions on European Medical Devices in Escalating Trade
China's C919 jet faces delivery delays due to U.S. export restrictions and ongoing trade tensions.
Paramount Finalizes $8 Billion Skydance Merger After Legal Roadblock
Paramount Skydance plans to keep Warner Bros. creative teams intact while merging HBO Max with Paramount+ for a streamlined operation.
Amazon’s Robotic Army Nears Majority as AI, Automation Replace Human
Amazon plans to lay off 30,000 corporate employees as it boosts AI and automation across its workforce.
Elon Musk Teases Tesla Full Self-Driving Model Upgrade Featuring ‘Big’
Tesla warns shareholders it may lose Elon Musk as CEO without approval of his $1 trillion pay plan.
Novartis Plans $23 Billion US Buildout as Pharma Faces Pressure
Novartis is acquiring U.S. biotech Avidity Biosciences for $12B to expand rare muscle disorder treatments.
Hormel Issues Massive Recall for 4.9M Pounds of Chicken Found
Hormel recalls 4.9 million pounds of frozen chicken after discovering metal fragments from a conveyor belt, urging restaurants to discard affected products.
Trump’s Trade War Escalates: 50% Copper Tariff, Pharma Tariffs Looming
Trump threatens a 10% tariff on Canadian imports after Ontario airs a Reagan-themed anti-tariff ad.
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