The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would…
Business
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Business
Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
by adminCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said…
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Business
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation
by adminNvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of…
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America’s supply chain is under attack. From coast to coast, organized criminal groups are hitting trucks on the road, breaking into warehouses and pilfering expensive items from train cars, according…
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Business
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook
by adminKrispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme…
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Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling. Fortnite was booted from iPhones and Apple’s…
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Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday. The…
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Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website…
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Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the company’s longest positive run ever. Its previous record was a nine-day…
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Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to…
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U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published…
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Business
Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks
by adminNvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.…
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Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount…