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Categories Business

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

February 27, 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

Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off

February 27, 2025

Elon Musk’s status as the world’s wealthiest person is in no danger of changing. But since mid-December, the tech titan’s net worth has

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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

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency

February 26, 2025

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees

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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

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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Categories Business

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

February 25, 2025

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from

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