News
Lululemon cuts full-year earnings guidance, citing ‘dynamic macroenvironment’.
Activewear brand Lululemon has revealed that it was forced to reduce its full-year earnings guidance due to a "dynamic macroenvironment"....
Mercedes-Benz CEO says the company plays a key role in EU and U.S. negotiations
Speaking to the German media today, Mercedes-Benz CEO Ola Kaellenius stated that his company considers itself a "sounding board" that...
BYD warned over EV price war
China's Ministry of Industry and Information Technology has summoned the leaders from more than a dozen major electric vehicle makers,...
Procter & Gamble to cut 6% of its total workforce
Today, Procter & Gamble announced that it is reducing its workforce by 7,000 jobs. The 6% cut to its total...
The Federal Reserve lifts Wells Fargo’s asset cap after seven years
Today, the U.S. Federal Reserve lifted a longstanding cap on Wells Fargo's assets, which had prevented the firm from growing...
Elon Musk projects SpaceX revenue to reach $15.5 billion
SpaceX CEO Elon Musk has announced that he expects his company to earn $15.5 billion by the end of 2025....
The latest jobs report indicates a stable labor market
According to the latest jobs report from the Bureau of Labor Statistics, the number of available jobs in the US...
Toyota makes $33 billion buyout bid to key supplier
Today, Toyota Motor announced its plans to take forklift manufacturer Toyota Industries private in a deal valued at $33 billion. In...
Hims & Hers announces plans to acquire ZAVA
Today, the San Francisco-based health and wellness platform Hims & Hers Health, Inc. announced its global expansion plans as it entered...
Fintech company Klarna takes on banks with release of Klarna Card
Today, Swedish fintech Klarna announced the launch of its own U.S. Visa debit card, aiming to expand its business beyond...
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