Business

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors are often hesitant to bet on a company turning itself around. But how about two companies? That really requires a leap of faith. Dick’s Sporting Goods, whose shares fell 14 per cent as it…

Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in a clear signal that United States President Donald Trump’s trade war is filtering through to the US economy. As a bellwether of US consumer health, Walmart’s explicit statement on Thursday…

The acquisition deal takes advantage of tariff turmoil, but could be a distraction for one the best retailers in sporting goods. Source link

In a post on social media platform X, Congress’s communications chief Jairam Ramesh asked what linked the trade policy to Operation Sindoor.   | Photo Credit: ANI Referring to U.S. President Donald Trump’s remarks in Doha that India had agreed to “zero tariffs”, the Congress on Thursday (May 15, 2025) questioned Prime Minister Narendra Modi’s silence…

Summary Dick’s Sporting Goods is set to acquire Foot Locker. The deal is valued at $2.4 billion USD. Dick’s Sporting Goods has agreed to purchase Foot Locker Inc. in a deal worth roughly $2.4 billion USD, as the company aims to expand its international presence and attract new customers, according to The Wall Street Journal….

In a bold move against cybercrime, Coinbase, a prominent cryptocurrency exchange, is offering a $20 million reward to anyone who can help identify and bring down the perpetrators of a recent cyber-attack, rather than succumbing to their ransom demands. Coinbase reported on May 15 that cybercriminals bribed and recruited a group of rogue overseas support…

Dick’s Sporting Goods has agreed to buy smaller rival Foot Locker for $2.4 billion, the second major footwear deal this month after the buyout of Skechers, as the retailers navigate choppy demand and global trade uncertainties. The $24-per-share offer, announced by both companies on Thursday, represents an 86% premium to Foot Locker’s last close and gives Dick’s a stronger foothold in the sneaker…

The world’s largest retailer said wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low. Source link

Shopper pushes a basket into the produce section of a Walmart store in Englewood, Colo. David Zalubowski/AP hide caption toggle caption David Zalubowski/AP Walmart says U.S. tariffs on imports from China and other countries will force the retail giant to begin raising some prices as soon as this month. The company’s CEO Doug McMillon said…