Tag: Breaking News: Business

H&M plunges 13.5% on doubts over full-year margin target, June sales outlook

Pedestrians cross the street in front of a H&M store in Hong Kong.Sopa Images | Lightrocket | Getty ImagesShares of H&M plunged more...

Levi’s CEO says the ‘head-to-toe denim lifestyle’ is seeing success

In a Wednesday interview with CNBC's Jim Cramer, Levi Strauss CEO Michelle Gass said the popularity of "top-to-bottom" denim outfits is growing."Our new...

SpaceX is building a NASA craft to intentionally destroy the International Space Station after retiring

A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024.Maxar Technologies | Via ReutersNASA...

Levi’s shares drop 15% as denim maker’s sales disappoint

Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday...

Amazon can keep its record run going due to a major catalyst — and it’s not the cloud

Amazon stock surged to all-time highs Wednesday, and we have every reason to believe that its run can continue as the e-commerce giant...

Southwest Airlines cuts revenue forecast

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii.Kevin Carter...

YouTube dominates streaming, forcing media companies to decide whether it’s friend or foe

It's been almost 20 years since the founding of Alphabet's YouTube, and Hollywood still doesn't really know what to do with it.YouTube, which...

Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says

Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator.Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling...

FedEx shares jump after hours as massive cost-cutting measures kick in

A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California.Justin Sullivan | Getty ImagesFedEx shares soared...

GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO

A Cruise vehicle in San Francisco on Feb. 2, 2022.David Paul Morris | Bloomberg | Getty ImagesDETROIT – General Motors' Cruise autonomous vehicle...

Rivian shares soar 30% after Volkswagen takes $1 billion stake

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.Joel Angel Juarez | ReutersVolkswagen...