The European Union fines Qualcomm for allegedly violating antitrust laws. The EU is forcing the chipmaking company to pay $1.2 billion for illegally paying Apple to use its products exclusively. Apple and Qualcomm have been engaged in a long battle over this controversy.
Starbucks and Disney announce pay raises and better employee benefits thanks to savings from the new tax reform bill. Starbucks says it will increase employee salaries, offer stock options, and offer more benefits. Disney says it will pay one-time $1,000 bonuses to 125,000 employees. The company will also invest $50 million in an education program for hourly workers.
We talk to the directors behind the newest Netflix series, "Dirty Money," premiering this Friday, January 26th. Each episode in the six-part series will look at a different story of corporate corruption. Two of the directors, Kristi Jacobson and Erin Lee Carr, discuss how the series takes viewers beyond the headlines of big scandals such as VW's recall, Martin Shkreli, and even the Trump Organization.
And Brett Holts, VP of Nike Running Footwear, introduces Nike's newest sneaker, the Epic React Flyknit. Holts says the shoe features a brand new foam compound, developed entirely by Nike. In the ongoing sneaker wars between Nike and Adidas, Holts says competition is always good, but Nike is focused on its own products.
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
