Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.

Stuck in a sales slump, Macy’s is shrinking to grow. The department store chain announced Tuesday it plans to shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it closes its Cincinnati headquarters and tech offices in San Francisco. Macy’s said it plans to exit weaker shopping malls, and instead shift its focus toward…

Macy’s announced they will be shuttering 125 stores over the next three years, exiting struggling malls and focusing on building smaller stores in strip centers.

Beauty retailer Sephora has big growth plans, at a time when many businesses are shutting their doors for good.

New York City lawmakers have voted to require stores and restaurants to take cash as payment

For businesses in Quantico, tensions between the U.S. and Iran are hitting their bottom line. News4’s Drew Wilder reports.

A restaurant in Quantico, Virginia, says tensions with Iran are leading to empty dining rooms. It’s taking much longer to get through the gate and into the small town of Quantico, and that’s created a problem for local businesses such as Sam’s Inn Restaurant. Jack Quar and his family have been in Quantico for 47 years and run the...

Facebook says it’s banning “deepfake” videos as it steps up efforts to fight online manipulation. The social network said Monday it’s beefing up its policies to remove the the false but realistic clips created with artificial intelligence. The company said the new rules won’t include parody or satire, or clips edited just to change the order of words. The exceptions...

Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently sold more than $2.5 billion worth of stock in the company, or more…

A commercial real estate developer is handing out a total of $10 million in bonuses to its 198 employees. Edward St. John is the founder and chairman of St. John Properties. He said he couldn’t think of a better way to show his thanks for his employees’ hard work. The bonuses are based on tenure. The average is $50,000, but…

Britain’s bumpy journey out of the European Union took a major turn Tuesday, as Prime Minister Theresa May handed the steering wheel to Parliament, giving lawmakers the power to slam on the brakes and divert Britain away from a disruptive and chaotic Brexit. Bowing to pressure from within her own government to avert a damaging “no-deal” Brexit, May told legislators...

Two business associates of Michael Flynn, President Donald Trump’s former national security adviser, were charged Monday with illegally lobbying for Turkey as part of a campaign to pressure the United States to expel a Turkish cleric. Bijan Kian and Ekim Alptekin are accused in an indictment of conspiring to “covertly and unlawfully” influence U.S. public opinion and politicians, all while...

Special Counsel Robert Mueller on Tuesday filed a heavily redacted sentencing memo in the Michael Flynn case, calling his cooperation “substantial.”

The Trump administration’s new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits....
Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage....
President Donald Trump and Labor Secretary Alex Acosta rolled out their final blueprint for “association health...

Warner Bros. is cracking down on local Harry Potter fan festivals around the country, saying it’s necessary to halt unauthorized commercial activity.

Claire’s Stores Inc., the popular accessories chain, is preparing to file for bankruptcy, according to a Bloomberg report. The company did not immediately comment on the report.

California’s legal marijuana market is finally, fitfully, taking shape.

President Donald Trump touted the GOP tax plan Wednesday at a speech in St. Charles, Missouri. Trump said the plan has the support of small businesses from around the country.

The first Ford truck made its debut 100 years ago. The Model TT was made by Henry Ford at the request of his customers who wanted a utility vehicle that could haul heavier loads for work.

Nike has announced a new business structure which includes cutting 2 percent of its global workforce on Thursday, CNBC reported. The new structure will focus on serving consumers in 12 cities across 10 countries and simplifying its business in North America, Europe, Middle East and Africa; Greater China; and Asia Pacific and Latin America. Additional plans include a faster pipeline...