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: business news
AI cannot be named as an ‘inventor,’ top UK court says in patent dispute
Middlesex guildhall is home of Supreme Court of United Kingdom.David Bank | Moment | Getty ImagesArtificial intelligence cannot be listed ...
Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC
POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the ...
Apple has stopped selling some Apple Watches on its website because of patent dispute
An Apple Watch Ultra 2 device is displayed for sale at The Grove Apple retail store on release day in ...
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 ...
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 ...
UK and Switzerland sign post-Brexit financial services deal
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | ...
Apple resolves outage affecting its payment features, including Apple Pay, Card, Cash and Wallet
Several of Apple's payment features, including Apple Pay, were down for a period of time Wednesday morning, according to Apple's ...
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) ...
Apple fails in bid to delay Apple Watch sales ban
The Apple Watch Ultra 2 is seen as people lined up to buy the newly launched iPhone 15 and other ...
