Business Garden

10/06/2024

Nordstrom misses Wall Street’s earnings expectations as off-price chain Rack lifts sales

10/06/2024

Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback

17/04/2024

South Carolina coach Dawn Staley says women’s basketball will get ‘better and better’

13/12/2023

The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing

There's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers "recession," let alone screams it.

13/12/2023

Why automakers are turning to hybrids in the middle of the industry’s EV transition

Automakers are reconsidering the viability of hybrid vehicles to appease consumer demand and avoid costly penalties related to federal fuel economy standards.

07/12/2023

Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024

Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.

07/12/2023

Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff

Spotify shares climbed roughly 10% Monday after the music streaming service said it would cut 17% of its workforce, or about 1,500 jobs.

29/11/2023

Nvidia shares close down on report it delays China AI chip designed to comply with U.S. export rules

Reuters, citing two sources familiar with the matter, reported that Nvidia told Chinese customers that it is delaying the launch of an AI chip that is designed to comply with U.S. export rules until the first quarter of next year.

29/11/2023

China’s Alibaba shakes up cloud unit management after scrapping the division’s IPO

The shakeup comes after a surprise move by Alibaba last week to cancel the highly-anticipated initial public offering of its cloud unit.

16/11/2023

Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation

GoCardless CEO Hiroki Takeuchi said that his firm was "very open minded" about the prospect of mergers and acquisitions.

16/11/2023

Central banks look to have hit peak rates. Here’s how markets think they’ll come down

The world's major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of cuts.