Tag: Breaking News: Business
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Abercrombie & Fitch begins selling third-party shoe brands in latest bid to chase growth
Abercrombie & Fitch’s explosive growth has slowed, leading the apparel retailer to expand into new categories to boost sales
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CNBC to simulcast 11 WNBA games this season
The simulcasts will expose the WNBA to an affluent audience on CNBC and marks a new chapter for the business news network after it spun out from Comcast.
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How Roku fits into Fox’s future – and what investors are missing about the deal
Fox’s stock dropped following its announcement that it will acquire Roku for $22 billion. Analysts still think it’s a good deal.
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Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options
Burry argued the company’s market capitalization had reached levels that dwarf many established businesses and fortunes.
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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General Motors announces new defense partnership with Lockheed Martin
General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.
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Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future
Snap is launching its first AR glasses geared toward the broader public instead of developers.
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Self-driving tech supplier Mobileye targets U.S. robotaxi launch in 2027
Self-driving technology supplier Mobileye Global announced it would launch its own robotaxi service Tuesday.
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The new oil? Inside the effort to turn AI computing power into a tradeable commodity
AI compute futures could eventually rival some of the world’s largest commodity markets, Silicon Data’s Carmen Li believes.
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Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands.
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