A man shops for shoes at a Nike outlet store in Los Angeles on April 10, 2025. Frederic J. Brown | Afp | Getty Images America’s largest shoe brands are asking President Donald Trump for a tariff reprieve. The Footwear…
Kohl’s CEO Ashley Buchanan was fired this week because he had an undisclosed personal relationship with a vendor on a consulting team that made a multimillion-dollar deal with the retailer at his direction, the company said in a regulatory filing.…
Traders work on the floor of the New York Stock Exchange on May 1, 2025. NYSE S&P 500 futures rose Thursday evening as investors cheered China’s announcement that it is evaluating the possibility of starting trade negotiations with the U.S.…
Chandra Holt (L) is now at the center of a corporate scandal involving her former Walmart colleague, and reported former romantic partner, Ashley Buchanan(R). Chandra Holt, once considered one of the most promising executives in American retail, is now at…
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Amazon CEO…
First quarter * Net sales: $155.67 billion, +8.6% y/y, estimate $155.16 billion ** Online stores net sales: $57.41 billion, +5% y/y, estimate $56.85 billion ** Physical Stores net sales: $5.53 billion, +6.4% y/y, estimate $5.41 billion ** Third-Party Seller Services…
Washington, DC CNN — Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and Houston. On Thursday, autonomous trucking firm Aurora announced it launched commercial service in Texas under its first customers, Uber Freight and…
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Latest Apple reported fiscal second-quarter earnings on Thursday. The tech giant beat revenue and earnings-per-share estimates, but service revenue…
Up-revisions pushed the 12-month core PCE price index for February to +3.0%, and the 6-month index to +3.4%, worst since July 2023. But March was benign? By Wolf Richter for WOLF STREET. The inflation measure released today for March – the PCE price…
CNN — Tesla’s board in March contacted multiple executive placement firms to begin a search process for a new CEO to replace Elon Musk at the helm of the embattled electric car company, the Wall Street Journal reported Wednesday night,…