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1 week ago | 
nypost.com | Samuel R. Chamberlain |Taylor Herzlich |Diana Glebova |Victor Nava
A federal appeals court put the brakes Thursday on a lower court order that overturned most of President Trump’s sweeping tariffs. A full 11-judge panel on the US Court of Appeals for the Federal Circuit stayed the order by the Manhattan-based Court of International Trade while a White House appeal is heard.
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1 week ago | 
nypost.com | Lisa Fickenscher |Ariel Zilber |Taylor Herzlich
US business owners cheered a bombshell court ruling that voids most of President Trump’s tariffs — but most said they’ll still hedge their bets as the legal drama unfolds. The US Court of International Trade in Manhattan issued a sharp rebuke late Wednesday, ruling that the power to issue duties on foreign goods lies with Congress, not the president. A federal appeals court put the ruling on hold on Thursday after the Justice Department appealed it.
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1 week ago | 
nypost.com | Taylor Herzlich
Meta plans to open physical storefronts and hire retail employees in an effort to boost sales of its devices, according to a report. The company has been leading an ongoing project to expand its retail footprint, which currently includes just one store on its California campus, according to an internal communication obtained by Business Insider. The project is not widely known internally yet. Meta declined to comment.
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1 week ago | 
nypost.com | Taylor Herzlich
Victoria’s Secret’s website remained down on Wednesday in a mysterious outage that reportedly began during a Memorial Day sale on Monday. The lingerie retailer, based in Columbus, Ohio, said it was dealing with a “security incident” in a pop-up notice on the website. “We have taken down our website and some in-store services as a precaution. Our team is working around the clock to fully restore operations,” Victoria’s Secret said in the notice.
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1 week ago | 
nypost.com | Taylor Herzlich
Tinder’s new chief executive wants to revamp the dating platform and its reputation as a “hookup app” — a bid to win over Gen Zers who he says “don’t have as much sex.”After launching in 2012, Tinder revolutionized dating for a generation of millennials. But it’s been falling flat among members of Gen Z, or people aged 18 to 28, not including those too young to download dating apps. “This generation of Gen Z, 18 to 28 – it’s not a hookup generation.
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1 week ago | 
nypost.com | Taylor Herzlich
Ford Motor is recalling more than 1 million vehicles over a glitch with the rearview camera software that could freeze or delay the image and increase the risk of a crash. The recall affects certain 2021-2024 Bronco, F-150, 2021-2024 Edge, 2023-2024 Escape, F-250, F-350, F-450, F-550, F-600, 2022-2024 Expedition, 2022-2025 Transit, 2021-2023 Mach-E, 2024 Ranger, Mustang, 2021-2023 Lincoln Nautilus, 2022-2024 Navigator, and 2023-2024 Corsair vehicles.
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1 week ago | 
nypost.com | Taylor Herzlich
Macy’s on Wednesday slashed its annual profit forecast and warned of incoming price hikes to offset President Trump’s hefty tariffs. The legacy department store chain now expects adjusted earnings per share of $1.60 to $2 in 2025 — down from its previous forecast of $2.05 to $2.25. Macy’s CEO Tony Spring told CNBC about 15 cents to 40 cents per share of that forecast drop is due to the tariffs.
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1 week ago | 
nypost.com | Taylor Herzlich
Craft retailer Joann is expected to close the last of its 500 stores by the end of the week after the highest bidder from its second bankruptcy filing in less than a year decided to shutter all locations. The remaining stores span 47 states, including more than a dozen locations in New York. Financial services firm GA Group gained control of Joann soon after the 82-year-old chain filed for bankruptcy in January.
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1 week ago | 
nypost.com | Taylor Herzlich
Shares in Temu’s Chinese owner PDD Holdings plunged 13.9% on Tuesday after the e-commerce giant reported its slowest revenue growth in three years and a sharp drop in profit. The dismal quarterly results come as Temu’s business model has been hammered by President Trump’s tariffs, including his end to the de minimis exemption, which allowed overseas fast-fashion firms to ship low-value packages into the US duty-free.
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1 week ago | 
nypost.com | Taylor Herzlich
The GOP spending bill that advanced through the House includes a proposal to slash tax breaks for sports team owners in half – which could slow deals by the ultra-rich to buy NBA and NFL teams. Since 2004, owners of sports teams have been able to write off the entire value of intangible assets – like player contracts and sponsorships – over a period of 15 years. These assets typically make up the bulk of a team’s value, accounting for hundreds of millions of dollars in deductibles for owners.
