Economy

Economy
Economy

Internal probe finds Dianna Russini’s ties to Patriots coach to be ‘awkward’ and ‘uncomfortable’

The Athletic found its former NFL reporter Dianna Russini had a close, “awkward” and “uncomfortable” relationship with coach Mike Vrabel that she should’ve disclosed, the New York Times-owned digital sports publication said Thursday. However, Mike Semel, The Athletic’s editorial director for standards and quality, who led the probe into Russini’s work, said he did not

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Economy

Bill Simmons under review by Massachusetts authorities after admitting to proxy sports betting

Bill Simmons, the popular sports podcaster who has championed sports betting, is under review by the Massachusetts Gaming Commission after he admitted on a recent episode to using his daughter’s boyfriend to place bets for him. The commission announced the review Tuesday, two days after Simmons said on an episode of his podcast that he’d

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Economy

U.S. oil giant Chevron confirms it will expand operations in Venezuela

Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company with a major presence in Venezuela, said Wednesday that it has been assigned additional acreage

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Economy

Trump calls for federal tax incentives to benefit TV and movie industry

President Donald Trump on Monday called for bipartisan tax incentives to help a domestic TV and movie industry that has seen large chunks of its business move overseas in recent years. Trump wrote on Truth Social that meetings were “being set up with the Leaders of both Parties in order to get this done.” “It

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Economy

Days after Trump announces Venezuela oil deal, White House fills in some of the details

WASHINGTON — The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves. The Trump administration released more

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Economy

Shares in fast fashion retailer Shein slide in long-delayed Hong Kong debut

HONG KONG — Shares in online fast-fashion retailer Shein fell 8% in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages. Known globally for selling $5 tops and $10 dresses, Shein has been humbled by tariff

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Economy

Panda Express CEOs say their ‘mission’ is to help employees realize the American dream of homeownership

Panda Express is famous for its orange chicken. But the founders of the iconic fast-casual Asian chain also want to be known for something else: helping their workers realize the American dream. “I always believe that when you do well, you know, personally, then you can go out and take care of other people,” said

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Economy

GOP lawmakers criticize Trump’s beef import plan amid blowback from ranchers

House and Senate Republicans on Friday criticized President Donald Trump’s decision to suspend tariffs on ground beef imports, with lawmakers from agricultural states decrying the impact Trump’s decision will have on farmers. Nebraska’s GOP senators, Deb Fischer and Pete Ricketts, said in separate posts on X that Trump’s decision was unwise. “I’m extremely disappointed by

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Economy

SpaceX hit by surging AI costs as insiders prepare to sell their shares

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company that surpassed analysts’ expectations. Most of its revenue came from its Starlink satellite offering. But investor focus turned to capital

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Economy

New York sues Kalshi, says its prediction markets are illegal gambling

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James said Kalshi failed to obtain a New York State Gaming Commission license to operate its platform, where people trade based

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