Beyond Yoga names Athleta, Gap veteran Nancy Green CEO
Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo Yoga and Vuori. Beyond Yoga’s founder […]
More than 4 million people are turning 65 this year — and it will affect you
Everything in society — housing, healthcare, the workplace, inflation and even the way urban planners design city streets — will be affected by the sheer volume of Americans turning 65 this year, and the years ahead. More than 4.1 million people are expected to retire this year, and that figure will continue on through 2027, […]
Alec Baldwin charged again in 2021 ‘Rust’ movie set shooting
An image of cinematographer Halyna Hutchins, who died after being shot by Alec Baldwin on the set of his movie “Rust,” is displayed at a vigil in her honor in Albuquerque, New Mexico, on Oct. 23, 2021. Kevin Mohatt | Reuters A New Mexico grand jury on Friday indicted actor Alec Baldwin on involuntary manslaughter […]
Meme stock AMC books second straight day of gains after run of record lows
Shares of AMC Entertainment Holdings Inc. extended their gains for a second straight day Friday, providing the original meme stock’s investors with some respite after a poor run of losses. AMC’s stock AMC, +1.81%, which has hit a series of record lows recently, ended the session up 1.8%. The movie-theater chain snapped a six-day losing streak […]
Home goods retailer to cut 1,650 employees
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of […]
JetBlue, Spirit appeal judge ruling that blocks their proposed merger
Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images JetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge’s ruling earlier this week that blocks the two carriers’ planned merger on antitrust grounds. JetBlue had […]
Space stocks rally despite Virgin Galactic’s decline
Space stocks rallied Friday — except for Virgin Galactic Holdings Inc., which ended the session down 1%. The space-tourism company, which initially led a broader decline in space stocks, extended its losing streak to two days. Virgin Galactic SPCE, -1.03% is down five of the last six days. However, shares of Intuitive Machines Inc. LUNR, […]
Stellantis CEO says automaker won’t sell EVs at a loss
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters Stellantis won’t sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday. Tavares, who has […]
Renting is cheaper than owning a home in 90% of the U.S., report says
In the vast majority of U.S. real-estate markets, renting is still cheaper than owning, according to a new report from Attom that looked at renting versus owning three-bedroom homes. The analysis revealed that home buyers can’t seem to catch a break in this market. As mortgage rates fall from two-decade highs, home prices continue to […]
Ford cuts F-150 Lightning EV production, adds to Bronco, Ranger plant
DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting output of its all-electric F-150 Lightning, the automaker said Friday. Ford said the production changes are intended to match output with customer demand. They mark the latest cuts or delays to production of EVs amid slower-than-expected customer demand. “We […]
