Levi’s shares drop 15% as jeans maker’s sales disappoint despite denim craze
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans…
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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…
Levi’s shares drop 12% as jeans maker’s sales disappoint despite denim craze
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans…
Southwest Airlines cuts revenue forecast, blaming changing booking patterns
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in…
Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work
Bing Guan | Bloomberg | Getty ImagesMorgan Stanley is pushing further into its adoption of artificial intelligence with a new…
Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on…
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…
Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez…
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…
Rivian secures up to $5 billion from Volkswagen, shares soar 40%
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez…
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its…
Here’s how bad housing affordability is now
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased.…
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global,…
How Delta made itself America’s luxury airline — and what United wants to do about it
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines is the country’s most profitable airline.…
Delta’s most exclusive airport lounge opens. Here’s what’s inside
The bar at the Delta One lounge at New York’s John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Air Lines’…
VW updates 2025 Jetta to boost sales of the brand’s entry-level car
2025 Volkswagen JettaVWVolkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns.The entry-level…
Disney’s ‘Inside Out 2’ could be the first billion-dollar movie of 2024
Disney and Pixar’s “Inside Out 2” could be the first film since Warner Bros.’ “Barbie” to top $1 billion at…
Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic
Novo Nordisk’s new manufacturing facility in Clayton, North Carolina.Courtesy: Novo NordiskNovo Nordisk on Monday said it will spend $4.1 billion…
Paramount+ to increase prices for its streaming plans
Getty ImagesParamount Global is hiking the price of its flagship streaming service as the company looks to turn around its…
Ferrari CEO says all-electric model preserves the ’emotion’ of the famed supercars
Ferrari’s all-electric model won’t be launched for over a year, but early tests prove it has all the driving traits…
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