Adidas to axe as much as 500 jobs at headquarters, source says
MUNICH (Reuters) – Adidas CEO Bjoern Gulden plans to chop as much as 500 jobs on the German sport retailer’s headquarters in Herzogenaurach, a source who took part in a…
Business
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
(Reuters) – Cholula hot sauce maker McCormick forecast annual sales and profit below analysts’ estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially…
Nasdaq futures slide, S&P 500 backs off from record as techs lose steam
US stocks faltered before the bell on Thursday, pulling back from a bid for fresh records as AI optimism waned and markets waited for more detail on President Donald Trump’s…
Jamie Dimon sounds the alarm on stocks, says the market is looking ‘sort of inflated’
CNBC/Jamie Dimon JPMorgan CEO Jamie Dimon warned that stocks are overvalued. Dimon sees lingering risks including inflation, government deficit spending, and geopolitical tensions. Dimon’s comments echo a recent warning from…
OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports
(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a three way partnership to develop data centers for artificial intelligence within the U.S., the Information…
EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast, with its shares near…
Ethereum Gets a Wall Street Sales Force as Token Lags Bitcoin
(Bloomberg) — Ethereum was seen because the almost certainly challenger to Bitcoin’s status because the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology….
TD Bank seeking to sell $9 billion of mortgages to satisfy asset cap, Bloomberg News reports
(Reuters) – Toronto-Dominion Bank is aiming to sell about $9 billion of residential mortgage loans with the intention to modify its balance sheet to comply with a recent cap imposed…
WHY Brands CEO Steve Dunn, CBO Diana Barnes on Baby Industry: ICR Conference 2025
Exec Edge hosted a fireplace chat on the ICR Conference 2025 with Steve Dunn, founder and Chief Executive Officer of WHY Brands and Diana Barnes, Chief Brand Officer and Creative…
Halliburton’s Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities
Halliburton’s Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities Halliburton Company (NYSE:HAL) shares are trading lower on Wednesday. Goldman Sachs analyst Neil Mehta reiterated the Buy…