Business Archive

As reported by The Information and Axios reporter Sara Fischer, CEO Barbara Peng emailed staff on Thursday announcing Business Insider is “scaling back on categories that once performed well on other platforms” and mostly exiting its search-reliant Commerce business in an apparent acknowledgement of Google Zero, despite Sundar Pichai’s rebuttals.

The Information reports that three years ago, Musk offered Apple an 18-month exclusive connection via SpaceX in return for $5 billion up front, and $1 billion per year after that to support satellite-connected iPhone features. If Apple didn’t take it within 72 hours, he threatened to announce a competing feature.

In the midst of Donald Trump’s tariff chaos, prices are rising at retailers like Walmart, Amazon, and Home Depot, according to data provided to The Verge by Bright Data, which tracks prices week over week. As of May 11th, for example, 21.5 percent of the 1.5 million tracked Amazon products had increased in price. Check out an interactive chart here.

“We’re constantly adjusting pricing,” Target CEO Brian Cornell said during an earnings call on Wednesday, as reported by CNBC. “Some are going up, some will be reduced, but that’s an ongoing effort that takes place each and every day.”

The New York Times walked through one business owner’s tariff bill, breaking out all the taxes that stack on top of each other. On April 27th when the shipment arrived in the US, the total cost of tariffs was $34,389. Today, the tariff rate would be $12,954 now that Trump has slashed rates. His frequent tariff changes mean everyone is in a constant state of uncertainty.