Bombas founder David Heath is stepping down from his role as CEO as the socks and T-shirt company looks to expand beyond its direct-to-consumer roots. Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company’s next CEO effective Thursday. Heath said he realized it was necessary for a […]
Mike Intrator, co-founder and CEO of CoreWeave, testifies during a U.S. Senate Commerce Committee hearing on artificial intelligence in Washington on May 8, 2025. Brendan Smialowski | Afp | Getty Images Shares of artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company’s first earnings release since going public. The stock popped
CoreWeave beats on revenue, reports more than 400% growth in first earnings after IPO Read More »
Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023. Ethan Miller | Getty Images Entertainment | Getty Images Cisco reported earnings and revenue that topped analysts’ estimates on Wednesday and issued guidance that also exceeded Wall Street’s prediction. Here’s how the
Cisco reports earnings and revenue beat, issues better-than-expected forecast Read More »
The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023. Win Mcnamee | Getty Images News | Getty Images New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of Dollars in interest
New York AG sues Capital One after Trump-led CFPB drops similar case Read More »
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November. The company and its peers have been increasingly leaning on advertising to boost the profitability of their streaming products. Netflix first introduced the ad-supported plan in
Netflix says its ad tier now has 94 million monthly active users Read More »
Omar Marques | Sopa Images | Lightrocket | Getty Images Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO. The stock opened at $69.69, or 34% above its initial offering price. The company’s market cap swelled to $5.6 billion at the open
HBO became HBO Max, and then it became Max. Now, it will be HBO Max once more. Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced the rebranding Wednesday during its upfront presentation in New York. The change comes as
Jason and Travis Kelce with Dunkin Donuts on the New Heights podcast. Courtesy: Wondery Amazon’s second-ever Upfronts pitch to advertisers this week featured an appearance by NFL champion brothers Jason and Travis Kelce. They weren’t there to hype live football rights. While Amazon’s Prime owns the media rights to the NFL’s Thursday Night Football games
Video podcasts are having a moment at media upfronts Read More »
Klay Thompson #31 of the Dallas Mavericks handles the ball during the game against the Memphis Grizzlies during the 2025 SoFi Play-In Tournament on April 18, 2025 at FedExForum in Memphis, Tennessee. Joe Murphy | National Basketball Association | Getty Images Chime Financial paid the NBA’s Dallas Mavericks roughly $33 million over three years to
Dallas Mavericks were paid $33 million over 3 years by Chime for jersey patch Read More »
A customer enters an American Eagle store on April 4, 2025 in Miami, Florida. Joe Raedle | Getty Images American Eagle on Tuesday said it’s writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy. The apparel retailer said
