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Investing

Amazon taps Whole Foods CEO to oversee grocery business

Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief,…
Investing

DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will…
Investing

Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus…
Investing

Government workers dismayed by Trump’s return-to-office mandate

When the Trump administration announced a return-to-office mandate this week, it stated Americans “deserve the highest-quality service from people who love our…
Investing

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed…
Investing

Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release…
Investing

Store closures hit highest level since pandemic — see who’s shutting down the most locations

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to…
Investing

UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in…
Investing

Elon Musk and Sam Altman spar over Trump’s Stargate AI investment announcement

A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in…
Investing

American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards…
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