GameStop's survival demands 'extreme frugality,' CEO tells employees
Just hours after being named 's CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. "Our job is to make sure GameStop is here for decades t...
2023-09-29 21:46:35
Blue Origin, Sierra Space Orbital Reef space station in limbo
The Orbital Reef space station partnership between Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in the past year...
2023-09-29 21:46:29
UAW negotiations: Automakers grow frustrated as new deadline looms
DETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to – marking two weeks of work stoppages and the dwindling likelihood of an imminent breakthrough. T...
2023-09-29 21:46:23
Obesity, diabetes drug ad spending hit nearly $500 million: report
Drugmakers spent nearly $500 million on advertisements for in the U.S. during the first seven months of this year, up 20% from the same period a year ago, according to new released Friday. The data, from advertising analytics firm , demonst...
2023-09-29 21:46:17
Professional Pickleball, Tennis Channel deepen media partnership
Professional Pickleball is getting a dedicated home: The Tennis Channel. The PPA Tour and Tennis Channel announced on Tuesday they are teaming up via a joint venture in a push to further grow and popularize the sport that has been picking u...
2023-09-27 15:02:31
UPS to hire 100,000 holiday workers with Teamsters pay bump
plans to hire more than 100,000 seasonal workers again this year to support the holiday shipping rush, the company Tuesday in a press release. This year, though, they'll be starting with a higher pay. As a result of a with the Teamsters uni...
2023-09-27 15:02:26
New home sales fall in August
Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022. Th...
2023-09-27 15:02:20
Barry Diller says fair use needs to be redefined to address AI
Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence. Diller, chair of IAC and Expedia, called for the l...
2023-09-27 15:02:14
Organized retail crime and theft not increasing much, NRF study finds
Retail theft has caught the attention of the masses in recent years, from startling smash-and-grab videos during the depths of to corporate earnings calls where retailers like and are discussing losses from organized retail crime . But the...
2023-09-27 15:02:09
UAW strike: Biden, Trump seek blue-collar votes in Michigan
"It would be good if they actually show the support that we need to get through this," said Collier, whose Mopar facility in Centerline, Michigan, is one of 10 parts and distribution centers set for potential closure under a recent contract...
2023-09-27 15:02:03
Working women health-care costs far outpace men, study says
High health-care costs are hitting women in the U.S. workforce much harder than men. Working women spend $15.4 billion more in out-of-pocket health expenses annually compared to their male counterparts, according to a new analysis of employ...
2023-09-27 15:01:57
Peloton co-founder Tom Cortese leaving company
co-founder and Chief Product Officer Tom Cortese is leaving the company and will be replaced by longtime Silicon Valley veteran Nick Caldwell, the company announced Tuesday. Cortese, who helped found the connected fitness company alongside...
2023-09-27 15:01:52
Fast fashion resale programs do little to reduce emissions, study says
Fast-fashion retailers like Zara, Shein and HM are using to reduce their carbon footprints, but the programs are projected to do little to reduce emissions, a released Tuesday found. The brands could more effectively if they redirected thos...
2023-09-27 15:01:46
Costco (COST) earnings Q4 2023
on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items. On an earnings call, Chief Financial Officer Richard Galanti said shop...
2023-09-27 15:01:41
Target says it will close nine stores, citing violence and theft
said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will close one store in New York City's Harlem neighborhood, two locations in Seattle, three stor...
2023-09-27 15:01:36