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GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday.”It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition. “It’s transformational. Not just for GameStop, but ultimately, within the capital markets … this is something that really has never been done before within the history of the capital markets.”Cohen declined to name the company’s targets – saying only he’s seeking a publicly traded consumer company…

American Express announces the new platinum business card.Courtesy: American ExpressAmerican Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers.The company recently shifted marketing dollars to its refreshed Platinum card, which carries an $895 annual fee, and away from no-fee cash back cards, CEO Stephen Squeri told analysts Friday after the company reported fourth-quarter results.Doing that helps to boost overall spending levels as high-end consumers continue to thrive, a tactic that leads to both rising fee revenue from premium cards and lower loan defaults, executives said.”We have…

President Donald Trump has a Jerome Powell-sized problem with installing Kevin Warsh as the new Fed chair.A key Republican senator has vowed to oppose the confirmation of any nominee to be the next Federal Reserve chairman until the Department of Justice’s probe into Powell, the current chair, is resolved.That senator — Thom Tillis of North Carolina — happens to sit on the Senate Banking, Housing, and Urban Affairs Committee, which considers Fed chair nominations. If all Democrats join Tillis in opposing Warsh’s confirmation, Warsh’s nomination will effectively be stuck in committee.In a post on X on Friday, Tillis made clear…

Deputy Attorney General Todd Blanche speaks during a press conference at the Department of Justice on Jan. 30, in Washington, D.C. Alex Wroblewski/AFP via Getty Images hide caption toggle caption Alex Wroblewski/AFP via Getty Images The Department of Justice released more than 3 million pages, including more than 2,000 videos and 180,000 images, in its files tied to the death and criminal investigation of convicted sex offender Jeffrey Epstein. Deputy Attorney General Todd Blanche says Friday’s release means the DOJ is now in compliance with the Epstein Files Transparency Act, which Congress passed last November and which legally required the…

Tapping an American Express card is, more and more, a young person’s game.For the first time, millennials and Gen Zers made up the biggest slice of US consumer spending among all Amex consumer cardholders last quarter, CFO Christophe Le Caillec said on the company’s fourth-quarter earnings call. They’re also the fastest-growing cohort, he said, as Amex works to target younger consumers. To date, the average new consumer customer for the Platinum and Gold cards is 33 and 29, respectively. (The Platinum card costs $895 a year, compared to the Gold card’s annual fee of $325.) Amex’s customers were spending to…

Paul Krugman thinks Americans will ultimately be the biggest losers of chaotic US trade policy. The Nobel Prize-winning economist thinks Donald Trump’s trade policies and aggressive negotiating tactics are spurring global instability that will eventually come back to bite the US. And despite his recent focus on affordability, Krugman thinks that Trump’s trade maneuvers will harm American consumers who are already struggling.Other economists and market commentators have raised similar alarms. Moody’s Analytics chief economist Mark Zandi has predicted that tariffs could push the US into a recession, and hedge fund billionaire Ray Dalio recently speculated that they could lead to…

Eli Lilly Chair and CEO Dave Ricks speaks during a press conference in Houston, Sept. 23, 2025.Antranik Tavitian | ReutersEli Lilly on Friday said it will spend more than $3.5 billion to build a manufacturing plant in Pennsylvania’s Lehigh Valley that will help make its next-generation obesity drugs.That includes a closely watched experimental drug called retatrutide, which has shown the highest weight loss seen to date for any treatment in a late-stage trial. It is the fourth facility in a string of new planned U.S. investments by the pharmaceutical giant. Lilly announced in February 2025 that it would spend at least…

Dhar Mann’s morality tales about Karens getting exposed, kids with disabilities finding acceptance, and the like have made him one of the internet’s most popular creators.He also stands out in a mostly unscripted world for his focus on scripted content, including a recent micro-drama production deal with Fox.His videos, shot in a 125,000 square-foot Burbank production studio, regularly run 20 minutes or longer and get upward of a million views on YouTube.So, what makes his videos so successful? Sean Atkins, the CEO of Dhar Mann Studios, shared three factors.1. Stories that are feel-good and redemptiveMann’s videos are positive and uplifting. Every…

The Securities and Exchange Commission will drop a lawsuit against the former vice president of a California construction company that accused him of fraudulent accounting in projects including New York’s Kosciuszko Bridge.Processing ContentAttorneys for Dale Swanberg and the SEC asked a federal judge in the Northern District of California to end the case, according to a filing made public on Thursday. The regulator said its decision was based on “the facts and circumstances of this case and its ongoing review of the evidence, including the narrowed scope of the evidence the SEC intended to present at trial.”The dismissal is “tremendously…

President Donald Trump and Senate Democrats have reached a tentative deal to avert a disruptive U.S. government shutdown as the White House continues to negotiate with the Democrats on placing new limits on immigration raids that have provoked a national outcry.Processing ContentTrump announced that an agreement had been reached and urged both parties to vote for it. However, lawmakers are almost certain to fail to enact the measure before a Friday night deadline.While a short funding lapse and partial government shutdown is now seen as the most likely scenario, the effect on federal operations would be minimal if it’s swiftly…