News
Best Buy combats theft with increased staff presence
In the midst of a retail shoplifting crisis in the United States, electronics retail chain Best Buy is reportedly combatting...
iRobot shares close with 39% spike
On Friday, Roomba-maker iRobot’s stock closed 39% higher following news that the company would be acquired by technology giant Amazon...
Black Friday shopping sales surge in-store and online
U.S. consumers reportedly showed up in spades for 2023’s Black Friday shopping, both online and in-store. According to Sensormatic Solutions,...
US homesales sink to 13-year low in October
According to the National Association of Realtors, U.S. home sales reached the lowest rate seen in 13 years during the...
Nordstrom drops in sales, misses analysts revenue expectations in Q3
U.S. retailer Nordstrom reported declining sales on Tuesday, while also revealing the company missed Wall Street’s revenue expectations in its...
Urban Outfitters’ clothing rental service Nuuly is now profitable
Nuuly, the clothing rental service run by Urban Outfitters, reached profitability this year on the back of a growing subscriber...
Ford scales back plans for EV battery production plant
Big Three U.S. automaker Ford is cutting back on investment plans in its $3.5 billion electric vehicle battery plant in...
SpaceX’s Starship reaches space before self-destructing
Billionaire Elon Musk’s space exploration company SpaceX launched its Starship rocket into space on Saturday, hitting several new achievements on...
CEO of GM’s robotaxi service Cruise resigns
Late Sunday evening, founder CEO of General Motors’ self-driving robotaxi service Cruise Kyle Vogt resigned from his post as the...
Hyundai to sell vehicles on Amazon’s e-commerce platform
South Korean automaker Hyundai Motor Company is set to begin selling its vehicles on technology giant Amazon’s e-commerce platform, the...
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