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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

Target rolls back DEI initiatives, the latest big company to retreat

Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise…
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

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…
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

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

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

OpenAI introduces Operator to automate tasks like vacation planning, restaurant reservations

OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks like planning vacations, filling out forms,…
Investing

Retail crime ‘queenpin’ to pay millions in restitution to retailers for theft ring

The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta…
Investing

Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of…
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