Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal
Keurig Dr Pepper said Monday it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion (15.7 billion euro). When the acquisition is complete, the company plans to split into two separate companies, one focused on coffee
U.S. could take stakes in more firms, White House adviser says
The U.S. government could take equity stakes in more companies, potentially through an American sovereign wealth fund, according to one of President Donald Trump’s top economic advisers. National Economic Council Director Kevin Hassett made the comments Monday, days after the United
Crop tour projects record 2025 U.S. corn harvest, but disease could hit yields
ROCHESTER, Minnesota, Aug 22 (Reuters) – U.S. farmers will harvest a record corn crop in 2025 after ideal weather across much of the Midwest this summer, but the bounty will fall short of the U.S. government’s lofty outlook as pockets
Cracker Barrel shares plummet after pushback on new logo, brand refresh
Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh. The new logo removes the image of a man leaning against a
How a ship that glides like a pelican could change travel and defense
NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship. Its maker, Regent Craft, is betting on both. Twelve quietly buzzing propellers line
Walmart boosts sales outlook as it says tariff costs are rising
Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs. The big-box retailer topped Wall Street’s quarterly sales estimates
Apple just landed a key win for the global encryption fight
Apple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data. The iPhone maker won’t be alone
Group accused of using fake accounts to buy tickets to Taylor Swift and Springsteen shows
A ticket-reselling operation used a network of fake accounts to bypass Ticketmaster’s security protocols to grab hundreds of thousands of tickets to hugely popular tours for artists like Taylor Swift and Bruce Springsteen and then re-sold them for millions, federal
Best Buy launches third-party marketplace as it looks for sales drivers
Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales. Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that
Playboy moving its headquarters to Miami Beach and opening a new club
MIAMI BEACH, Fla. — Playboy plans to relocate its global headquarters from Los Angeles to Miami Beach and open a Playboy club there. The Miami Beach headquarters at the top of a luxury office building will include studios to support Playboy’s
The CEO in chief: How Trump is getting what he wants from big business
For years, conservative groups and corporate leaders argued that the U.S. government would be better if it were run like a business. For President Donald Trump, who has controlled his own businesses for decades, that looks like taking an increasingly active
Apple Watch getting redesigned blood oxygen feature following legal dispute
Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a yearslong intellectual property dispute over the capability. Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10 and Apple Watch
Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth
Warren Buffett’s Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company’s current reputation, but perhaps not considering his history of bargain investing. The Omaha-based conglomerate bought
Lyft co-founders to step down from ride-hailing firm’s board
Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft’s board
A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts
NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials
What Trump’s Nvidia and AMD China deal means for the world
Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might
ESPN, Fox to bundle upcoming streaming services for $39.99 a month
Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday. The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in
Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations
Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI. “Apple is behaving in a manner that makes it