Business Archive

Match Group, which owns Match.com and other big dating apps, announced its quarterly earnings today and announced a workforce reduction that new CEO Spencer Rascoff said will reduce “around 1 in 5 managers overall.” Based on its 2024 filing, Bloomberg says that’s about 325 jobs.

OpenAI board member Fidji Simo will transition from her Instacart role over the next few months to join OpenAI later this year, where Sam Altman says she will “focus on enabling our ‘traditional’ company functions to scale.”

Beginning May 2nd, prices on vehicles such as the Mustang Mach-E EV could jump as much as $2,000, which Ford says will arrive in US dealer lots by late June. The news comes after Ford declared the Trump administration’s tariffs are adding about $2.5 billion of costs for the company in 2025.

Drop-shipping packages straight from China to shoppers’ homes was kind of the whole point of retailers like Temu. In response to Donald Trump’s tariffs, Temu now tells Wired that it’s switching to a “local fulfillment model” where orders come from US warehouses. With the de minimis exception officially dead (at least for now), it’s no surprise that retailers are scrambling — especially sites like Temu, whose wide product offerings depended on the exception.