Procter & Gamble beat earnings expectations as higher prices helped offset lower demand for its products.
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Walmart sells plus-size clothing brand Eloquii, offloading its third digital brand this year
The sales mark a reversal of a 2017-18 strategy led by Marc Lore, Walmart’s former head of e-commerce.
Continue readingAT&T shares fall 10% after company posts softer than expected revenue, cash flow
AT&T’s earnings and wireless adds were roughly in line with Wall Street’s estimates.
Continue readingModerna teams up with IBM to put A.I., quantum computing to work on mRNA technology used in vaccines
Moderna’s partnership with IBM comes as the drugmaker navigates its post-pandemic boom driven by its mRNA Covid vaccine.
Continue readingHome sales fell in March amid volatility in mortgage rates
Sales of previously owned homes declined 2.4% in March compared with February, according to the National Association of Realtors.
Continue readingParamount fires back at Warner Bros. Discovery in ‘South Park’ streaming lawsuit
Paramount hit Warner Bros. Discovery with a counterclaim in the legal fight over South Park’s streaming rights
Continue readingBuzzFeed will lay off 15% of staff, shutter its news unit
BuzzFeed will lay off 15% of staff and will shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday.
Continue readingSpace Force chief says U.S. is facing a ‘new era’ of threats beyond Earth
The message comes at a key moment as space rapidly commercializes and a heightened geopolitical backdrop increasingly sees threats extending beyond Earth.
Continue readingIkea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years
Ikea is investing billions in its omnichannel growth strategy in the U.S., marking its biggest investment push since it opened in the U.S. nearly 40 […]
Continue readingFord F-150 Lightning fire footage highlights a growing EV risk
Fires involving EV batteries can burn hotter and longer and require new techniques to extinguish, posing a growing challenge to first responders.
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