Business
TikTok signs agreement for new joint venture keeping it online in the U.S.
TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business…
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Business
Business
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China…
Business
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines Nike is running out of time to prove its China…
Business
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Chew Shou Zi told employees that the social media app’s parent company, ByteDance, signed binding…
Business
TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
TikTok is nearly to the finish line in the video app’s long trek to becoming legal in the U.S. ByteDance and TikTok have signed “binding…
Business
BNY to move Singapore offices to Marina One East Tower
Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022 BNY is entering its…
Business
US Energy Department taps Big Tech for AI-powered research push
THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft,…
Business
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it…
Business
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
Business
FedEx CEO’s sweeping network overhaul is starting to bear fruit
FedEx offered investors a sign that chief executive officer Raj Subramaniam’s turnaround plan may be worth the wait. The shipping…
Business
Will Money Talk? Elliott Takes $1 Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO
Lululemon Athletica founder Chip Wilson has been agitating for change, and the outspoken critic now has activist investor Elliott…
Business
Oil prices settle slightly higher as market assesses mounting supply risks
Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the…
Business
European shares gain after US inflation data, ECB rate decision aids investor optimism
EUROPEAN shares made broad-based gains on Thursday, with lower-than-expected US inflation strengthening hopes for Federal Reserve interest…
Business
Legal Battle Between Saks Global and Yumi Shin Rages On
The legal battle between former Bergdorf Goodman chief merchant Yumi Shin and Saks Global continues to rage on, with new twists and turns…
Business
Nike’s North American Sales on the Upswing, But Q2 Results Impacted by China Declines
Shares of Nike Inc. dipped over 4 percent in after-market trading on Thursday despite the company beating earnings estimates and seeing…
Business
British surfer rides potentially record-breaking monster wave
Laura Crane, a 30-year-old surfer from Devon, hopes she has made it into the record books after potentially riding the biggest wave ever…
Business
US stocks close higher fuelled by tech rally, soft inflation data
WALL Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal…
Business
China figured out how to sell EVs. Now it has to deal with their aging batteries.
China is not only the world’s largest EV market; it has also become the main global manufacturing hub for EVs and the batteries that power…
Business
BTC price update: Bitcoin, crypto market could plummet again on ‘Witching Friday.’ Here’s why
Bitcoin investors are bracing for “Witching Friday” tomorrow, December 18, when billions of options are due to expire—making for what…
Business
Etro Has New Investors, Founding Family Exits
MILAN – Etro is entering a new phase with a new pool of investors. Confirming a WWD report on Tuesday, the Turkish Rams Global; Mathias…
Business
Bears leaving Chicago? Team threatens Indiana move as Pritzker rejects stadium deal
Illinois Gov. J.B. Pritzker's 2028 presidential ambitions are colliding with a very local headache: the Chicago Bears' stadium saga.…
Business
Cooling inflation numbers boost Trump's economic message
Consumer prices rose at a lower-than-expected rate last month, handing President Trump an early Christmas gift and a much-needed political…
Business
Why Disney’s Sora Deal Marks a Turning Point in the AI Wars
OpenAI released Sora 2 in October, unleashing a flood of copyright violations onto the internet. But instead of suing the company, or even…
Business
A Festive Fusion Wedding in the Gardens of Fairmount Horticulture Center
greens, mauve, purples Meghana + Michael’s design vision was to transport guests into a moody, enchanted forest, where romance and nature…