Saturday, February 22, 2025

Elon Musk’s DOGE fans, Target’s DEI lawsuit, and Trump’s new trade war: Business news roundup

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Image: Luis Boza/NurPhoto (Getty Images), Christopher Furlong (Getty Images), Jeff Greenberg/Education Images/Universal Images (Getty Images), Joe Raedle (Getty Images), urand T/Alpaca/Andia/Universal Images Group (Getty Images), Photo: Smith Collection/Gado / Contributor (Getty Images), Brandon Bell (Getty Images), Ji Haixin/VCG (Getty Images), li xin/AFP (Getty Images)
A McDonald’s in Lisbon, Portugal. - Image: Luis Boza/NurPhoto (Getty Images)
A McDonald’s in Lisbon, Portugal. – Image: Luis Boza/NurPhoto (Getty Images)

McDonald’s is bringing back its popular Shamrock Shake on Feb. 10, with a nostalgic twist.

The fast food chain is reintroducing Uncle O’Grimacey, the character first created in 1975 to promote the seasonal shake. After decades in the background, he’s “packed his bags” to reunite with his nephew Grimace to celebrate the return of the popular treat.

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Elon Musk - Image: Christopher Furlong (Getty Images)
Elon Musk – Image: Christopher Furlong (Getty Images)

Elon Musk’s Department of Government Efficiency (DOGE) came into existence with the pledge to slash red tape and dismantle the federal bureaucracy. Although it certainly hasn’t been free of controversy, there’s one group of people that have stars in their eyes: defense industry CEOs.

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Photo: Smith Collection/Gado / Contributor (Getty Images)
Photo: Smith Collection/Gado / Contributor (Getty Images)

Shareholders sued Target (TGT) in a proposed class action suit on Friday for allegedly defrauding investors by failing to disclose the risks of its diversity initiatives.

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A Starbucks at the Florida Fort Lauderdale Airport terminal. - Image: Jeff Greenberg/Education Images/Universal Images (Getty Images)
A Starbucks at the Florida Fort Lauderdale Airport terminal. – Image: Jeff Greenberg/Education Images/Universal Images (Getty Images)

Starbucks is rolling out more changes under new CEO Brian Niccol, and the latest shift focuses on mobile orders.

The coffee giant has implemented a limit of 12 items per order for those using the Starbucks (SBUX) app. The move aims to reduce wait times and ease pressure on baristas, a key part of Niccol’s strategy to get the company back to its roots. Additionally, Starbucks plans to make a Super Bowl appearance with commercials and a free coffee promotion to “reintroduce” the brand to customers. –

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U.S. President Donald Trump on January 27, 2025 in Doral, Florida. - Image: Joe Raedle (Getty Images)
U.S. President Donald Trump on January 27, 2025 in Doral, Florida. – Image: Joe Raedle (Getty Images)

President Donald Trump’s new tariffs, set to take effect on Tuesday, Feb. 4, are throwing a wrench into the rapid rise of e-commerce giants like Temu (PDD) and Shein, while potentially giving Amazon (AMZN) a chance to reclaim its edge.

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Photo: Brandon Bell (Getty Images)
Photo: Brandon Bell (Getty Images)

Dollar General (DG) is preparing employees for the increase in Immigration and Customs Enforcement, ICE, activity authorized by President Donald Trump.

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Image: urand T/Alpaca/Andia/Universal Images Group (Getty Images)
Image: urand T/Alpaca/Andia/Universal Images Group (Getty Images)

The United States Postal Service early on Wednesday said it would resume accepting packages from China and Hong Kong, reversing a brief hours-long freeze.

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Beijing on Tuesday said it would slap U.S. imports with new tariffs in response to President Donald Trump’s own tariffs on Chinese imports. - Photo: Ji Haixin/VCG (Getty Images)
Beijing on Tuesday said it would slap U.S. imports with new tariffs in response to President Donald Trump’s own tariffs on Chinese imports. – Photo: Ji Haixin/VCG (Getty Images)

China on Tuesday fired back at the U.S. over President Donald Trump’s new tariffs, pledging to impose its own taxes on imports beginning next week.

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