Redfin to cut another 13% of workforce, shutter RedfinNow
WASHINGTON — Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates…
AP Wire
Elon Musk sells $3.95 billion worth of Tesla stock
Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for…
Wendy’s: Q3 earnings snapshot
DUBLIN, Ohio – Wendy’s Co. today reported third-quarter earnings of $50.5 million. The company said it had profit of 24 cents per share. The results…
Facebook parent company Meta laying off 13% of employees
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO…
Nissan’s quarterly profit falls amid computer chip crunch
TOKYO — Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to…
EU investigates Microsoft’s deal to buy Activision Blizzard
BRUSSELS — The European Union has launched an investigation into Microsoft’s planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would…
Kohl’s CEO steps down to take president role at Levi Strauss
NEW YORK — Michelle Gass, CEO of department store chain Kohl’s, is stepping down from her role early next month and will become the president…
Kohl’s CEO steps down to take president role at Levi Strauss
NEW YORK — Michelle Gass, CEO of department store chain Kohl’s, is stepping down from her role early next month and will become the president…
Stocks drift up and down ahead of election, inflation data
NEW YORK — Wall Street is drifting in early trading as Americans head to the polls to vote in midterm elections that are being heavily…
Adidas appoints boss of rival Puma as CEO after Ye fallout
BERLIN — Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear…