T-Mobile, which is owned by Deutsche Telekom, has been undergoing a reboot after Srini Gopalan became CEO in November amid customer retention struggles. Since then, the company has quietly been restructuring its workforce operations, resulting in an unexpected number of layoffs. The company reportedly first laid off an unknown number of employees in December, including
Traditionally, when you talk about McDonald’s and gas, you’re not referencing filling up at the pump. The fast-food giant, however, has made a deal to give consumers discounted gas in partnership with Shell. That move is part of the chain’s efforts to deliver broader value to customers without necessarily having the lowest prices. “We’ve listened
A major investment recently valued a growing media company at $500 million. Now, one of its consumer businesses is reportedly being shut down less than two years after launch. The development comes as the broader functional beverage market continues to grow. High-profile entertainers and creators have increasingly entered the category, with brands including Dwayne “The
After bankruptcy, ongoing restaurant closures, a sweeping restructuring, and years of financial pressure, a familiar promotion is making an unexpected return at one of America’s best-known seafood chains. The deal was once one of the restaurant industry’s most recognizable value promotions. But after proving increasingly difficult for Red Lobster to sustain, the chain took a
The United States has more Black-owned businesses than at any point in history, but the numbers still lag behind the overall population. Between 2017 and 2023, the number of Black-owned employer businesses grew by 62%, or nearly 77,000 firms. This growth was larger than U.S. employer businesses overall, which increased by 3.3% over the same
Ask people to picture their favorite food, and creamy pasta, hot pepperoni pizza, and indulgent gelato beat out sushi, tacos, and even McDonald’s. Italian food consistently ranks as the world’s most popular cuisine, edging out Chinese and Japanese in global surveys. A 2019 YouGov poll of more than 25,000 people across 24 countries put Italian
A historic drop in the size of the U.S. cattle herd to a nearly 75-year low of 86.2 million head as of Jan. 1, 2026, according to the U.S. Department of Agriculture, is putting pressure on the beef industry, resulting in plant closures. Beef processing companies, such as Tyson Foods, have closed plants over the
A discount grocery chain is continuing to shrink parts of its store network after acknowledging it expanded too quickly, with another round of closures adding to dozens of locations already eliminated this year. The latest closures come as the retailer tries to balance removing stores that are unlikely to become sustainably profitable while continuing to
Warren Buffett‘sBerkshire Hathaway made a move that caught even longtime investors off guard. The conglomerate first built a new position in Macy’s in Q1 of 2026, marking its first public bet on a department store chain in about 60 years. According to Tikr.com data Berkshire now holds 7.37 million shares of Macy’s (M) worth roughly
Sustainability might make for good marketing, but it doesn’t guarantee financial success. Surveys and spending data alike indicate that many consumers do value sustainability —and, in some categories, are willing to pay a premium. However, that willingness is highly variable, depending on the product, price point, and the type of benefit offered. “Many executives, especially