Sotheby’s holds sports auctions with Jordan, Ali, Kobe items
Michael Jordan’s game-worn Air Jordan 11s. Worn during Game 5 of the 1996 NBA Finals. Photo: Sotheby’s Sotheby’s is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic. The company on Wednesday announced its first “Sports Week,” which will include […]
General Mills’ stock jumps after profit beat as price gains offset volume drop
General Mills’ stock jumped Wednesday, after the consumer-foods company reported fiscal third-quarter profit that rose above expectations, as price increases and cost savings helped offset volume declines.
EV euphoria is dead. Automakers trumpet consumer choice in U.S.
Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state […]
Subway picks Pepsi as its new beverage supplier, starting in 2025
Subway said it is has entered into a 10-year agreement with PepsiCo to supply its beverages in U.S. restaurants beginning Jan. 1, 2025.
Kevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair
Kevin Plank, founder of Under Armour, during a CNBC interview on “Mad Money” on Feb. 28, 2018. Scott Mlyn | CNBC Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand’s chief executive. Linnartz […]
ICON’s Vitruvius AI program designs dream homes
Artificial intelligence is moving into the housing space, specifically architecture. ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper […]
Astera Labs prices IPO at $36 a share, well above target range
Wall Street is about to get a new way to play the intersection between chips and artificial intelligence.
George Lucas backs Disney CEO Bob Iger in Nelson Peltz proxy fight
Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz. Lucas, who received 37.1 million Disney shares as part of Disney’s $4.05 billion purchase of Lucasfilm in 2012, is currently the largest individual investor in the […]
Why the ‘Magnificent Seven’ and other momentum stocks may be hitting a wall
Riding a wave is exciting as long as it lasts — but watch out when it crashes.
JetBlue cuts routes spanning LAX, South America
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Images JetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier’s latest move to cut costs in the wake of a […]
