Amazon CEO Andy Jassy wants to reduce management layers and bureaucracy. He told employees that building a giant team and fiefdom wouldn’t help them get promoted. He also encouraged staff to act like owners and stay aware of industry competition.…
Tesla has mysteriously announced that it is holding an ‘all-hands’ meeting in public live-streamed on X amid a tough quarter. This is a first for the company. This is a developing story. Refresh the page for updates. At around 9:00…
Traders work on the floor of the New York Stock Exchange (NYSE) on March 19, 2025. Angela Weiss | Afp | Getty Images U.S. stock futures traded near the flatline Thursday night after an attempt at extending Wednesday’s Federal Reserve-fueled…
:max_bytes(150000):strip_icc()/GettyImages-2153735233-29037aec225545c598020a080266bbb4.jpg?w=768&resize=768,0&ssl=1 "Nike Stock Falls After Warning Sales Could Take a Hit From Turnaround Plan, New Tariffs")
Nike (NKE) shares fell in extended trading Thursday after the athletic apparel giant warned sales could take a hit in the current quarter under the company’s turnaround plan, with new tariffs adding to uncertainty. Nike CFO Matt Friend told investors…
“For everyone at Endeavor Air and Delta, nothing is more important than the safety of our customers and our people,” Durrant said. Authorities have not released the identities of the cockpit crew. Delta has said the captain, hired in October…
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru…
Getty Images The US central bank has cut its growth forecast as it warned President Donald Trump’s tariffs were “clearly” driving up prices. The Federal Reserve released its projections for the world’s largest economy on Wednesday while keeping interest rates…
Stephen J. Gardner, Amtrak’s chief executive, announced on Wednesday that he would be stepping down from the passenger rail service about three years into the job. In a statement, Mr. Gardner said he was leaving to ensure “Amtrak continues to…
Theo Leggett International Business Correspondent BBC “This has been our family car for three years, and it has been an absolute dream,” says Ben Kilbey as he shows me his gleaming pearl-white Tesla Model Y. Ben is a staunch electric…
Ben & Jerry’s has said its chief executive, David Stever, was being removed by its parent company, Unilever, in a growing dispute over the ice cream company’s political activism. The allegation was part of a legal case filed in a…