Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered ...
Tag: billion
Anthropic, the OpenAI rival, is in talks to raise $750 million in funding at an $18.4 billion valuation
Omar Marques | Lightrocket | Getty ImagesAnthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a ...
Shippers have already diverted about $35 billion in cargo from the Red Sea amid fears of attacks
So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they ...
$4.7 billion European fintech firm Pleo appoints new CFO, pointing to IPO hopes
The Pleo app pictured on a smartphone next to one of the fintech firm's corporate cards.PleoDanish fintech firm Pleo has ...
TikTok is spending $1.5 billion on a joint venture to solve the problem of Indonesia’s surprise social media shopping ban
Just two months ago, ByteDance-owned TikTok abruptly closed its shopping platform in Indonesia to comply with surprise regulations from the ...
Macy’s receives $5.8 billion buyout offer, sources say
People wait in line outside Macy's before opening on "Black Friday" in New York City on November 24, 2023. The ...
How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI’s future
Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative ...
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. ...
Elon Musk’s AI startup — X.AI — files to raise $1 billion in fresh capital
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, ...
Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a ...
