Business

Costco has urged its shareholders to vote against efforts to reduce diversity, equity, and inclusion (DEI) commitments. The move comes as Costco received a proposal about eliminating the policies.

Apple has requested to participate in the next phase of the ongoing antitrust trial against Google, emphasizing that it cannot rely on Google to defend the revenue-sharing agreements that benefit both companies. The iPhone maker argues that these agreements, which make Google the default search engine on Apple's Safari browser, are central to its financial success, contributing up to $20 billion annually. In court documents, Apple stated that it received an estimated $20 billion from this arrangement in 2022 alone.

Elon Musk's artificial intelligence startup doubled its valuation, securing more than $6 billion in financing.

A top Walt Disney Company executive has provided insight into the cancellation of the Star Wars spin-off series The Acolyte, citing its underperformance in relation to its high production costs. Alan Bergman, Disney Entertainment co-chairman, discussed the decision in a recent interview with Vulture, explaining that while the company was "happy" with the series' performance, it didn't meet the necessary thresholds to justify a second season.

Apple is approaching a historic $4 trillion stock market valuation, driven by renewed investor confidence in its artificial intelligence advancements and expectations of a new wave of iPhone upgrades.

Big Lots announced that it will begin its Going Out of Business (GOB) sales at all its stores.

A $70 million furniture manufacturing plant planned by SBA Home, a Lithuanian company that produces furniture for IKEA, will bring 250 new jobs to Mocksville, North Carolina, thanks to significant state and local incentives. The North Carolina Economic Investment Committee approved a $1.4 million job development investment grant, to be distributed over the next 12 years, while Mocksville and Davie County contributed $800,000 in incentives to support the project.

Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.

The Los Angeles City Council voted to pass a $30 minimum wage for hotel and airport employees.

The Nasdaq Composite Index soared past 20,000 for the first time ever on Wednesday, marking a significant milestone in a year dominated by the...