Business
Costco’s new morning hours for executive members drive sales growth
‘The Big Money Show’ explores companies turning against DEI policies while Costco bucks the trend. Costco Wholesale announced its fourth quarter and fiscal year 2025 earnings results Thursday, touting its new global locations, digital upgrades and the impact of its expanded hours for executive members. The retailer launched exclusive morning hours for executive members in […]
Trump order allows deal for TikTok’s US operations to proceed
Former National Security Adviser Robert O’Brien joins ‘Kudlow’ to discuss the TikTok-Oracle deal and President Donald Trump’s address to the United Nations. President Donald Trump on Thursday signed an executive order that allows TikTok’s U.S. operations to be moved away from the social media app’s China-based owner ByteDance. The deal will see TikTok’s U.S. operations separated from […]
Starbucks to cut 900 jobs and close dozens of North American stores as sales struggle | Starbucks
Starbucks will lay off around 900 staff and pull down the shutters on some 100 cafes across North America as part of a $1bn restructuring plan to revive the world’s largest coffee chain. The business, which eliminated 1,100 corporate positions earlier this year, will also close “many” open or vacant positions as it notifies affected […]
BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target | BP
BP has raised its forecasts for oil and gas demand, suggesting global net zero target for 2050 will not be met, in the latest sign the transition to clean energy is decelerating. The energy company’s closely watched outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, […]
Co-op says ‘malicious’ cyber-attack has hit profits by £80m | Co-operative Group
The Co-op has fallen into the red after it suffered an £80m hit to profits as a result of a “malicious” cyber-attack this year. The group, which owns more than 2,000 grocery stores and more than 800 funeral parlours, was forced to shut down parts of its IT systems in April after it discovered an […]
Ed Miliband looking into more North Sea drilling despite Labour pledge | Energy industry
Ed Miliband is planning to encourage drilling in the North Sea despite a manifesto promise not to grant new licences on new parts of the British sea bed. The energy secretary is looking at ways in which the government can allow companies to look for and produce more oil and gas without breaking Labour’s pre-election […]
Australia news live: Penny Wong tackles Trump climate claims; EU leader ‘inspired’ by Australian social media ban for kids | Australia news
Key events Show key events only Please turn on JavaScript to use this feature Tom McIlroy Von der Leyen said social media platforms are working as intended, “to attract and addict children through manipulative algorithms.” She said she was establishing a panel of experts to assess the best options for European Union member states and […]
Australia news live: Albanese heads to Trump reception in New York; number of regular gamblers rising | Australia news
Key events Show key events only Please turn on JavaScript to use this feature Mal Lanyon named as NSW new police commissioner Anne Davies Controversial deputy commissioner, Mal Lanyon has been named New South Wales’s new police commissioner, replacing Karen Webb. The 38-year-old veteran of the NSW Police is due to be announced by the […]
UK to suffer highest inflation in G7 this year, says OECD | Global economy
The UK is expected to suffer the highest inflation among G7 nations this year, the Organisation for Economic Co-operation and Development has said. Amid resurgent food prices, with some retailers blaming the UK government’s £25bn-a-year increase in employer national insurance contributions (NICs) for pushing up costs, the OECD predicts that inflation in the UK will […]
B&Q owner lifts profit forecast amid strong demand for kitchens | Kingfisher
The owner of B&Q and Screwfix has upgraded its profit forecast after reporting strong demand for its new kitchen ranges and garden products amid good summer weather. Kingfisher, which runs DIY stores across Europe, including Castorama and Brico Dépôt France in France, posted sales growth of 1.9% at established stores in the six months to […]