News
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...
Microsoft hires Sam Altman as OpenAI taps third CEO in three days
Technology giant Microsoft has hired former OpenAI CEO Sam Altman to head the company’s artificial intelligence division, Microsoft announced Monday,...
Iger aims to revamp Disney’s movie production as operating income stagnates
Disney CEO Bob Iger announced Friday that the company would be lowering its movie production output as Disney’s operating income...
OpenAI axes CEO Sam Altman, floats return
OpenAI fired its CEO, Sam Altman, from his leadership position at the company Friday because he was purportedly “not candid...
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