A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported first fiscal-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump. The company said revenue climbed slightly,…
Albert Manifold, chief executive officer of CRH Plc, speaks during a Bloomberg Television interview in London, U.K., on Tuesday, Aug. 19, 2014. Bloomberg | Bloomberg | Getty Images Ousted BP Chairman Albert Manifold has rejected “lies” relating to his conduct, saying he “pushed hard and challenged people directly” during his brief tenure at the British…
Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model. Ferrari | Via Reuters Ferrari‘s stock plummeted after it unveiled its first fully electric vehicle, which was criticized by the luxury carmaker’s former boss and even Italy’s transport minister….
Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. After intense backlash following the reveal of Ferrari’s first all-electric vehicle, the Luce, the CEO of rival luxury vehicle maker Lamborghini said canceling his company’s EV plans…
People walk past a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Lululemon is ending its feud with founder Chip Wilson. The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest…
The SK Hynix logo is seen above a printed circuit board. Sopa Images | Lightrocket | Getty Images Shares of SK Hynix jumped more than 11% on Wednesday, lifting the South Korean chipmaker’s market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks. The rally extended a blistering run that…
An AutoZone store in Richmond, California, Feb. 26, 2026. David Paul Morris | Bloomberg | Getty Images AutoZone Inc. on Tuesday recorded its worst trading day in more than four years despite the retailer beating Wall Street’s estimates for its third-quarter fiscal results. AutoZone stock closed off 9%, marking its worst decline since a 9.5%…
Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Shares of British energy major BP fell sharply on Tuesday after the board announced it had removed Chairman Albert Manifold in a surprise move. The decision to oust Manifold with immediate effect followed “serious concerns” related to governance…
Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle. The Maranello, Italy-based sports car manufacturer unveiled…
A few months ago David Navazio, founder and CEO of medical supply company Gentell, had never heard of the Strait of Hormuz. But now, the narrow waterway thousands of miles away from the company’s headquarters in Yardley, Pennsylvania, is impacting the company’s operations in more ways than one. Chief among them is price, with Gentell…
