Shein sues Temu over copyright infringement, trade secret theft
Shein and Temu. Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud. The suit, filed Monday in Washington, D.C., federal court, comes as Shein itself fends off […]
5 things you need to know about COVID, flu and RSV vaccines this fall
New and updated vaccines, revised recommendations on who should get certain shots, and accessibility challenges: They’re all part of a shifting fall immunization landscape as the country heads into respiratory virus season.
NWSL eliminates draft, grants unrestricted free agency to players
Maitane Lopez Millan #77 of Gotham FC defending battling Jordyn Huitema #9 of OL Reign for the ball during NWSL Cup Final game between NJ/NY Gotham City FC and OL Reign at Snapdragon Stadium on November 11, 2023 in San Diego, CA. Michael Janosz | ISI Photos | Getty Images The National Women’s Soccer League […]
Classic car sales stall in Monterey as new generation takes charge
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of […]
Bitcoin jumps after Fed’s Powell signals upcoming rate cut. What comes next for the crypto.
Bitcoin rose more than 5% on Friday, after Federal Reserve Chair Jerome Powell said in a speech at the Jackson Hole Economic Symposium that the “time has come” for the central bank to cut its key interest rate.
Why Ford believes its $1.9 billion EV shift will benefit the automaker
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to […]
Fresh off $1.6 billion loss, Intel prepares for possible activist investors: report
Intel Corp. has hired advisors, including those with Morgan Stanley, to help defend the company against potential shareholder activism, according to a report Friday.
Delta chief operations officer departing for another company
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024. Andrew Harnik | Getty Images Delta Air Lines‘ chief operating officer is leaving at the end of the month, the company said in a securities filing Friday. CEO Ed Bastian said in an employee memo that Chief Operating […]
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s […]
Peloton’s stock has rallied too much to justify buying any more, analyst says
Peloton’s stock followed a record rally with another gain on Friday, but J.P. Morgan recommended investors stop buying because although quarterly results were encouraging, the outlook remains too uncertain.
