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Categories Business

Lucid CEO steps down; EV maker plans to more than double production in 2025

February 28, 2025

Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production

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Categories Business

Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released

February 28, 2025

Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches

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Categories Business

Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

February 27, 2025

Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the

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Categories Business

Bucking trend, McDonald’s vows no egg surcharges as it preps $1 Egg McMuffin Day

February 27, 2025

McDonald’s is leaning into its reputation as a breakfast value offering, vowing to reject a surcharge on meals with eggs while announcing

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Categories Business

Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak

February 27, 2025

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and

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Categories Business

How digitally native companies like Rothy’s are growing profitably in a new era for retail

February 26, 2025

Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders

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Categories Business

Denny’s says some locations will start charging extra for eggs amid nationwide shortage

February 26, 2025

Denny’s is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that

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Categories Business

Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations

February 26, 2025

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores

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Categories Business

Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

February 25, 2025

Apple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure

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Categories Business

Starbucks to lay off 1,100 corporate workers as sales sag

February 25, 2025

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said

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