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Categories Politics

Lucid CEO steps down; EV maker plans to more than double production in 2025

Author admin February 27, 2025

Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production

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Categories Politics

Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak

Author admin February 26, 2025

Home 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

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Categories Politics

How digitally native companies like Rothy’s are growing profitably in a new era for retail

Author admin February 26, 2025

Direct-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

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Categories Politics

Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

Author admin February 25, 2025

Apple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure

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Categories Politics

Starbucks to lay off 1,100 corporate workers as sales sag

Author admin February 25, 2025

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

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Categories Politics

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

Author admin February 25, 2025

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from

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Categories Politics

Denny’s says some locations will start charging extra for eggs amid nationwide shortage

Author admin February 25, 2025

Denny’s is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that

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Categories Politics

Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations

Author admin February 25, 2025

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores

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Categories Politics

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency

Author admin February 25, 2025

JPMorgan 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

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Categories Politics

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

Author admin February 22, 2025

An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday. That

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