TikTok and its Chinese parent company ByteDance are seeking to delay enforcement of a US law that could force the app’s ban by January 19, 2024. The companies filed an emergency motion with the US Court of Appeals for the District of…
Lululemon is navigating a challenging retail landscape, marked by slowing U.S. sales but buoyed by strong international growth. The athletic apparel brand’s fiscal third quarter report exceeded Wall Street expectations, with a 9% year-over-year sales increase, highlighting its global expansion efforts as…
The demand for weight loss medications in the United States has skyrocketed in 2024, with prescription fills for Wegovy and Zepbound more than doubling. These drugs, part of a category known as GLP-1 and GIP agonists, regulate appetite and blood sugar by…
Brian Thompson, CEO of UnitedHealthcare, the insurance arm of UnitedHealth Group, was tragically shot outside the Hilton hotel in Manhattan on Wednesday morning. The incident, described by authorities as a targeted attack, has left both the healthcare industry and business communities in…
The United States has introduced fresh export restrictions targeting China’s access to advanced semiconductor technology. These measures, announced by the US Commerce Ministry, represent a significant escalation in the ongoing tech rivalry between the world’s two largest economies. The restrictions aim to…
The automotive world was shaken as Carlos Tavares, CEO of Stellantis, announced his immediate resignation. The decision comes amidst significant challenges for the company, particularly in the U.S. market, and marks a turning point for the fourth-largest carmaker globally. Leadership Turmoil: Reasons…
Constellation Brands, the company behind popular beer brands Modelo and Corona, saw its stock drop 3.5% on Tuesday following announcements of proposed tariffs by former President Donald Trump. If implemented, the 25% tariff on Mexican imports could significantly impact the company, which…
Nordstrom has surprised Wall Street by beating quarterly sales expectations, reporting a 4% revenue growth year over year. Shoppers flocked to its department stores and Nordstrom Rack for clothing, shoes, and activewear, propelling the Seattle-based retailer’s performance despite broader discretionary and luxury…
After over 24 hours of service interruptions, Microsoft has restored its widely used Outlook and Teams platforms, bringing relief to users across the globe. The outage, which began on Sunday, left many professionals and businesses grappling with disrupted communication and collaboration. While…
Abercrombie & Fitch is keeping its stride as a top performer in the retail industry. The company released optimistic holiday sales projections after reporting its sixth consecutive quarter of double-digit growth. Despite challenges, including the arrest of former CEO Mike Jeffries, Abercrombie’s…