An artist dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, USA, on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If Disney+’s subscriber growth is any indication, the rumors that the global streaming market is approaching saturation have turned out to be untrue. On … Read more
A Starlink satellite terminal, also known as a dish, set up in front of an RV. SpaceX The Federal Communications Commission on Wednesday rejected SpaceX’s bid for nearly $1 billion in grants to support nationwide broadband customers through the company’s Starlink satellite Internet network. SpaceX, which is operated by Elon Musk, had received $885.5 million … Read more
Tesla cars charge next to a traditional Texaco gas station in Nephi, Utah, on July 17, 2022. With more electric cars on the road, the lack of charging infrastructure is becoming an increasing problem for EV owners. George Frey | Getty Images According to several companies and a group representing major automakers such as General … Read more
Mark Russell, chief executive officer of Nikola Corp., departed during a media briefing at the unveiling of the Iveco-Nikola electric truck factory in Ulm, Germany, on Wednesday, September 15, 2021. Andreas Grebert | Bloomberg | Getty Images Nikola CEO Mark Russell will retire at the end of this year, the company announced on Wednesday. Russell … Read more
An employee wears a hat from Sweetgreen Inc. while preparing food at the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen fell more than 20% in Tuesday’s extended trading after the salad chain lowered its 2022 forecast. The restaurant company also said it has laid off 5% of … Read more
Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ “Justice League” at Dolby Theater on November 13, 2017 in Hollywood, California. Axelle | Bauer Griffin | Movie magic | Getty Images While David Zaslav Warner Bros. wants to innovate.’ Discovery’s DC movie universe, one of the studio’s biggest stars, continues to make headlines … Read more
Howard Schultzo David Ryder | Reuters Some restaurants report weaker sales or declining traffic in the second quarter, indicating diners are eating out less to save money. But CEOs are divided on how consumer behavior is changing and whether it affects their businesses. Chris Kempczinski of McDonald’s and Brian Niccol of Chipotle Mexican Grill are … Read more
An Andy Warhol-esque print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing booth at Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, US April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway’s corporate profits rose in the second quarter despite fears of slowing growth, but the Warren Buffett conglomerate … Read more
A person enters a Bed Bath & Beyond store in New York City’s Tribeca neighborhood on October 1, 2021. Michael M. Santiago | Getty Images Bed Bath & Beyond is phasing out one of its private labels, Wild Sage, about a year after the company made an aggressive move into exclusive brands, at the time … Read more
The AMC 25 Theaters in New York’s Times Square open on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment appears to have found a creative solution to increase the number of shares and raise money after investors dropped a proposal to issue more shares last year. AMC said Thursday … Read more
