Latest News: Companies

Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

Jennifer Hyman, Rent the Track Scott Mill | CNBC As some buyers think twice before buying, Rent the track takes a bump. The fashion rental and subscription company on Wednesday reported higher quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of buying …

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Tesla is still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

Tesla is still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

You’re here is still the best-selling electric vehicle brand in the United States, but its dominance is eroding as competitors offer a growing number of more affordable models, according to a report released Tuesday by S&P Global Mobility. The data company found that Tesla’s market share of new U.S.-registered electric vehicles was 65% in the …

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Retailers are under pressure to turn deep discounts into big sales on Black Friday

Retailers are under pressure to turn deep discounts into big sales on Black Friday

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky on November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several reported slowing sales ahead of the holiday shopping season. Macy’s, Target, Kohls, Difference …

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Trump Media Partner Says Shareholders Approve Postponing Merger With Parent Truth Social

Trump Media Partner Says Shareholders Approve Postponing Merger With Parent Truth Social

This illustration photo shows the logo of Donald Trump’s new social media app, Truth Social, on a smartphone in Los Angeles, February 21, 2022. chris delmas | AFP | Getty Images Digital World Acquisition Company., the blank check company that plans to take Trump Media and Technology Group and its Truth Social platform public, said …

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Iger announces the first major changes in his new term as CEO of Disney: Restructuring and departure of Chapek's right-hand man, Kareem Daniel

Iger announces the first major changes in his new term as CEO of Disney: Restructuring and departure of Chapek’s right-hand man, Kareem Daniel

Bob Iger attends the World Premiere of Walt Disney Studios Motion Pictures ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 22, 2019. Jeff Kravitz | FilmMagic, Inc | Getty Images Bob Iger, less than 24 hours after his return to the head of disneytold employees on Monday that the company would undergo a …

Iger announces the first major changes in his new term as CEO of Disney: Restructuring and departure of Chapek’s right-hand man, Kareem Daniel Read More »

Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

An aerial view of shipping containers and freight trains at the BNSF Los Angeles Intermodal Facility yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railroad unions, rejected the tentative agreement with railroad management, raising the likelihood of a strike in December. BLET, the other largest union …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …

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Ford versus GM: same industry, two increasingly different companies

Ford versus GM: same industry, two increasingly different companies

Ford CEO Jim Farley, left, and General Motors CEO Mary Barra Reuters; General Motors DETROIT – “Same industry. Two different companies.” This is how Morgan Stanley’s influential auto industry analyst Adam Jonas recently described General Motors and Ford engine — fierce rivals for more than a century. The two constantly tried to outdo each other …

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Retailers' biggest holiday wish is to get rid of all that excess inventory

Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …

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