Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this…
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Business
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Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the…
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McDonald’s is leaning into its reputation as a breakfast value offering, vowing to reject a surcharge on meals with eggs while announcing a…
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Business
Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak
by adminHome Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier…
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Business
Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations
by adminFabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open.…
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Business
JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency
by adminJPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and…
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Business
How digitally native companies like Rothy’s are growing profitably in a new era for retail
by adminDirect-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of…
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Business
Denny’s says some locations will start charging extra for eggs amid nationwide shortage
by adminDenny’s is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that has…
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Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.…
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Business
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation
by adminThe Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from…