Key Points The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for…
Key Points Amazon, the leading investor in artificial intelligence startup Anthropic, is relying on that company’s AI models to power the most advanced capabilities in new Alexa devices, according to…
Key Points Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs…
Nike, the world’s largest sportswear brand, is on a mission to regain its stride after a challenging year. Analysts say a yearslong series of strategic errors led to the company’s worst trading…
KEY POINTS Holiday sales rose 3.8% year over year to $964.4 billion, according to the National Retail Federation, as consumers spent on gifts and celebrations even after enduring a prolonged…
