Economy

Economy
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

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

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

United Airlines says it will boot passengers who refuse to use headphones on planes

Listen up, flyers: United Airlines said it will start removing passengers from flights who refuse to wear headphones while listening to content on their personal devices, and such behavior could lead to a permanent ban. The airline revised its contract of carriage on Feb. 27 to include the new provision, which sits under the ‘refusal

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Economy

DOJ takes Live Nation-Ticketmaster to court for antitrust trial

The Justice Department’s endeavor to break up Live Nation, Ticketmaster’s parent company, has officially made its way to the courtroom. The antitrust case, which began with jury selection Monday, is unfolding in federal court in New York. Opening statements are scheduled to start Tuesday, with the trial expected to last six weeks. The lawsuit, filed

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Economy

L.A. County sues Roblox, alleges platform makes it easy for adults to target children

Los Angeles County filed a civil lawsuit against Roblox, alleging that the platform markets itself as a gaming experience for children but has created a ‘largely unsupervised online world’ that allows adults to mingle with minors with very little oversight. The lawsuit says that Roblox’s architecture makes it easy for adults to masquerade as children

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Economy

Warner Bros. Discovery reopens talks with Paramount

Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant. In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday

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