News
US mortgage rate hits 7.57%
The U.S. mortgage rate rose to a new record this week, with the 30-year fixed-rate mortgage reaching an average of...
Flexport to layoff 20% of workforce
In a company wide memo, supply chain logistics company Flexport announced its plans to lay off 20% of its staff...
LVMH stock dips following sales growth slowdown
Luxury conglomerate Moët Hennessy Louis Vuitton’s shares fell on Wednesday following news of the company’s slowing sales growth. LVMH shares...
Birkenstock closes 13% down on first day of IPO
German shoe manufacturer Birkenstock officially debuted on the New York Stock Exchange on Wednesday, trading under the ticker “BIRK.” However,...
Chipotle announces new product price hike
Fast casual burrito chain Chipotle is raising its prices again, the company announced in a statement Wednesday. “For the first...
UAW expands strike to Ford’s biggest factory
On late Wednesday night, the United Auto Workers labor union announced the expansion of its strike against automaking giant Ford,...
Samsung operating profit plunges in Q3
On Wednesday, technology giant Samsung announced its operating profit dropped by 78% in the company’s third financial quarter. The company’s...
PepsiCo outearns analysts’ Q3 predictions
On Tuesday, beverage manufacturer PepsiCo announced that it had beaten Wall Street’s third financial quarter revenue and earnings estimates. Pepsi...
Birkenstock sets IPO price at $46 per share
German shoe manufacturer Birkenstock has set the price of its initial public offering at $46 per share, the company announced...
Walgreens taps Tim Wentworth as CEO
On Tuesday, Walgreens Boots Alliance announced it has chosen experienced healthcare executive Tim Wentworth as its new CEO. Wentworth previously...
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