New York CNN — Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for…
Read more Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback | CNN BusinessNew York CNN — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring…
Read more Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list | CNN BusinessNew York CNN — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to…
Read more Rite Aid files for bankruptcy | CNN BusinessHong Kong CNN — Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower than usual demand for consumer…
Read more Samsung flags 78% profit drop as chip demand remains weak | CNN BusinessNew York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing…
Read more Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN BusinessNew York CNN — The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia. Nvidia’s stock jumped as much as 9% in after-hours trading Wednesday…
Read more Nvidia’s quarterly sales double on the back of AI boom | CNN BusinessNew York CNN — T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. The…
Read more T-Mobile to lay off 5,000 employees | CNN BusinessCNN — The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump…
Read more Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN PoliticsNew York CNN — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform…
Read more LinkedIn is cutting more than 650 jobs | CNN BusinessCNN — Michael Cohen was once one of Donald Trump’s most loyal allies. But after going to jail for tax crimes and lying to Congress, Cohen, Trump’s former…
Read more Michael Cohen to take stand in fraud trial of his former boss, Donald Trump | CNN PoliticsCNN — Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue…
Read more Apple’s sales fall for the third consecutive quarter | CNN BusinessCNN — The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models. The…
Read more The big bottleneck for AI: a shortage of powerful chips | CNN BusinessCNN — When 16-year-old Shreya Nallamothu from Normal, Illinois, scrolled through social media platforms to pass time during the pandemic, she became increasingly frustrated with the number of…
Read more Illinois passes a law that requires parents to compensate child influencers | CNN BusinessCNN — Lordstown Motors filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accusing its former partner of setting out to “destroy” its business. The electric…
Read more Lordstown Motors files for bankruptcy and sues former partner Foxconn | CNN BusinessNew York CNN — Despite a turbulent and expensive few weeks, Fox News isn’t changing course. Fox Corp. CEO Lachlan Murdoch said there will be no change in…
Read more Lachlan Murdoch: No change in strategy at Fox News | CNN BusinessCNN — Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year as consumers scale back spending on…
Read more Apple posts second consecutive quarterly revenue decline | CNN BusinessNew York CNN — Ford is once again cutting the price of its electric SUV, the Mustang Mach-E, as it ramps up its price war with Tesla. Tesla,…
Read more Ford cuts price of the Mustang Mach-E again | CNN BusinessNew York CNN — Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN. Final bids are due…
Read more Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessNew York CNN — NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of inappropriate conduct,” its parent company Comcast announced Sunday.…
Read more NBCUniversal CEO stepping down over ‘inappropriate relationship’ | CNN BusinessNew York CNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company…
Read more Bed Bath & Beyond files for bankruptcy | CNN Business
