Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images Vince McMahon, executive chairman of the board of TKO Group Holdings and founder of wrestling giant WWE, has … Read more
BURBANK, CALIFORNIA – JANUARY 16: Tesla electric cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. Carbon emissions fell by about 1.9 percent in 2023, a positive signal, but further cuts must be implemented if the U.S. hopes to achieve its climate goal of 50 percent emissions cuts by 2030. … Read more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the … Read more
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares jumped more than 8% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023 and … Read more
Chinese-founded online retail giant Shein is not positioning itself as an Amazon “clone,” the company told CNBC, as it prepares for a U.S. public listing later this year. The e-commerce company’s product categories are likely to “grow over time,” as the business entrenches itself deeper into the U.S., Peter Pernot-Day, head of strategic communications, U.K. … Read more
Arkhouse has the financing in place to take Macy’s private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer’s cooperation on due diligence. “At this stage, based on public information, there isn’t a bank in the world that … Read more
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday as it said it expected weaker sales this year. The job cuts will take … Read more
Michelle Gass, chief executive officer of Kohls Corp., stands for a photograph at the National Retail Federation Inc. (NRF) annual Honors in New York, U.S., on Sunday, Jan. 12, 2020. Bess Adler | Bloomberg | Getty Images Turnover in C-suites spiked across industries last year — and in retail in particular. Next week, new CEOs … Read more
Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Culture issues, ineptitude and poor leadership at General Motors’ Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since … Read more
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” “Our priority is to drive … Read more
