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: Breaking News: Business
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which ...
Warner Bros. Discovery merger talks with Paramount Global may draw out NBCUniversal
Let's say you have a crush on two people and you find out one of them may like you back. ...
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 ...
Here’s how the Houthi attacks in the Red Sea threaten the global supply chain
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 ...
Vans owner VF Corp. shares tumble as it says cyberattack could hamper holiday fulfillment
A Vans store is seen in Hong Kong.Budrul Chukrut | LightRocket | Getty ImagesShares of The North Face and Vans ...
SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million
Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon.Henrique Casinhas | Sopa ...
GM’s Cruise laying off 900 employees, or 24% of its workforce: Read the memo here
General Motors' Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the ...
Pro pickleball players band together as chaos, a merger and pay cuts grip the sport
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of ...
MSC, the world’s largest shipping carrier, joins shipping giants Hapag-Lloyd and Maersk in Red Sea travel pause amid attacks
The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership "Berlin Express" at Burchardkai in the Port ...
