Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday. The toy giant, which manufactures about 40% of its toys in China and less than 10% in Mexico, told analysts it will look to move around its supply…
Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA. The Starliner program reported charges of $523 million for 2024 — its largest single-year loss to date — Boeing reported in a…
Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+, the company’s flagship service. While domestic subscriptions for the…
The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so. ‘Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts,’ it said in an updated…
General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since acquiring the self-driving car business in 2016. “Today, Cruise shared the difficult decision to part…
Fox Corp. is finally getting into the direct-to-consumer streaming game. The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the year. The streaming service is not meant to upend Fox’s place in the traditional bundle,…
The Taliban suspended the operation of Afghanistan’s only women’s radio station after raiding its premises on Tuesday, deepening the exclusion of women from public life and society since the group took power in 2021. Kabul-based Radio Begum – a station run by women with content aimed at women’s education –…
Food distribution is being stopped. Health services are being shut down. Lifesaving aid is being tied up, with no way to disburse it. These aren’t warnings of what’s to come, but examples of what aid workers say is the fallout of the Trump administration’s freeze on foreign aid and the…
US President Donald Trump has said he wants access to Ukraine’s mineral deposits in exchange for future military aid that Kyiv needs as it continues to defend itself against Russia’s aggression. While the comment highlighted Trump’s transactional approach to the war in Ukraine, it was not entirely unexpected. The US…
At least five people have been shot at a school in the city of Örebro, central Sweden, according to police who said the danger was not over. Swedish police said Tuesday an operation is “ongoing” at the center, warning of a “suspected serious crime of violence.” The shooting occurred at…