Treasury Secretary Scott Bessent has appointed Frank Bisignano to be the chief executive of the IRS, creating a new position to help run the beleaguered tax agency. Mr. Bessent will remain in his role as commissioner of the agency. Mr. Bisignano, currently commissioner of the Social Security Administration, previously served as president and CEO of…

An internal memo shared with Reuters indicates Boeing is expanding plans to replace striking St. Louis-area workers who assemble fighter jets and munitions with new hires. The first replacement workers for munitions production and assembly mechanics will begin training today, according to the memo from Boeing Vice President Dan Gillian. More than 3,000 members of…

Spotify chief executive Daniel Ek is stepping down in a shake-up at the music streaming pioneer, with his role to be split between chief business officer Alex Norström and chief product and technology officer Gustav Söderström. Mr Ek plans to become executive chairman and participate in capital-allocation decisions, mapping the company’s long-term future and supporting…

Starbucks’ chief technology officer Deb Hall Lefevre has resigned, with Ningyu Chen named interim CTO, as the company pursues a tech-led turnaround under chief executive Brian Niccol. The “Back to Starbucks” plan includes AI-powered inventory, barista assistants, new POS systems, and order-sequencing tools. Starbucks will close underperforming stores in the U.S., cut 900 non-retail roles,…

President Donald Trump has announced a fresh round of tariffs on products ranging from pharmaceutical goods to upholstery, beginning on October 1st. The new levies include 100% duties on branded drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy-duty trucks. “The reason for this is the large-scale “FLOODING”…

PepsiCo is under scrutiny from activist shareholder Elliott Investment Management, which has proposed cost-cutting measures and the divestment of underperforming brands like Quaker. Elliott’s $4bn stake and a detailed 75-page report suggest that separating the bottling network could enhance margins and simplify operations. However, some investors express caution, noting that such a move could be…