Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company. The company’s board of directors is working with a “leading executive search firm” to identify its next CEO, it said in a news release. McDonald will stay on as a senior […]
Customers walk in the parking lot outside a Costco store on Dec. 2, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco said on Thursday surpassed Wall Street’s quarterly expectations as its sales rose 8.2% year over year. The warehouse club does not share a full-year outlook. The company is expected to share more
Costco tops Wall Street’s sales and revenue expectations Read More »
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, Japan, on February 03, 2025. Tomohiro Ohsumi | Getty Images OpenAI on Thursday announced its most advanced artificial intelligence model, GPT-5.2, and said it’s the best offering yet for
Sam Altman expects OpenAI to exit ‘code red’ by January after launch of GPT-5.2 model Read More »
The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025. Mike Blake | Reuters Eli Lilly on Thursday said its next-generation obesity drug delivered what appears to be the highest weight loss yet in a late-stage trial while reducing knee arthritis pain, clearing the first of several upcoming
Rivian debuted new tech at its first “Autonomy and AI Day” on Thursday in Palo Alto, California. Credit: Rivian Electric vehicle maker Rivian Automotive has developed a custom chip, car computer and new artificial intelligence models that will enable it to bring self-driving features to its forthcoming vehicles, the company revealed at its first “Autonomy
Rivian announces new AI tech, in-house chip and robotaxi ambitions Read More »
The Walt Disney Company’s $1 billion equity investment in OpenAI will serve as “a way in” to artificial intelligence, which will have a significant long-term impact on the business, Disney CEO Bob Iger told CNBC’s “Squawk on the Street” on Thursday. “We want to participate in what Sam is creating, what his team is creating,” Iger said.
The Walt Disney Company on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make videos with its copyrighted characters on Sora. OpenAI launched Sora in September, and it allows users to create short videos by simply typing in a prompt. As part of of the startup’s new agreement
JetBlue Airways’ new lounge, BlueHouse, at JFK’s Terminal 5. Courtesy: JetBlue Airways JetBlue Airways‘ first airport lounge since it started flying nearly 26 years ago is here, inspired by a New York City apartment — but bigger. The 9,000-square foot lounge, called BlueHouse, is set to open Dec. 18 at 5 a.m. ET at the
JetBlue unveils first ever airport lounge, BlueHouse. Here’s what’s inside Read More »
Henrique Braun. Courtesy: The Coca-Cola Company Coca-Cola said Wednesday its Chief Operating Officer Henrique Braun will succeed James Quincey as CEO next year. The change will take effect on March 31, the company said. Quincey, 60, has held the top job at the beverage giant since 2017. This is breaking news. Please refresh for updates.
Coca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026 Read More »
A Southwest Airlines plane takes off from Minneapolis–Saint Paul International Airport in Minneapolis, Minnesota, U.S., November 7, 2025. Tim Evans | Reuters Southwest Airlines is “actively pursuing” the possibility of opening a network of airport lounges, CEO Bob Jordan told CNBC on Wednesday, as the airline industry continues to fight over premium travelers. “I think
Southwest CEO says airline ‘actively pursuing’ network of airport lounges Read More »
