Co-founder & CEO of Rippling Parker Conrad speaks onstage during the TechCrunch Disrupt conference in San Francisco on Oct. 20, 2022 Kimberly White | TechCrunc | Getty Images Human resources software startup Rippling sued competitor Deel in federal district court on Monday, claiming that “Deel cultivated a spy” to orchestrate a trade-secret theft. The employee […]
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for
Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise Read More »
Super Bowl ad of Poppi. Source: Poppi PepsiCo said Monday that it is buying prebiotic soda brand Poppi for more than $1.6 billion. The food and beverage giant said it plans to acquire the upstart for $1.95 billion. The deal includes $300 million of anticipated cash tax benefits, making the net purchase price $1.65 billion.
PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion Read More »
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just
Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm Read More »
Silicon Valley’s earliest stage companies are getting a major boost from artificial intelligence. Startup accelerator Y Combinator — known for backing Airbnb, Dropbox and Stripe — this week held its annual demo day in San Francisco, where founders pitched their startups to an auditorium of potential venture capital investors. Y Combinator CEO Garry Tan told
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Almost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more than 50 years, American consumers could count on Southwest Airlines letting them check bags
Goodbye to ‘bags fly free’ on Southwest, the last airline freebie in America Read More »
Intel appoints Lip-Bu Tan as CEO. Courtesy: Intel New Intel CEO Lip-Bu Tan will receive total compensation of $1 million in salary and about $66 million in stock options and grants vesting over the coming years, according to filing on Friday with the SEC. Tan was named as the chief of Intel this week, spurring
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna, a provider of buy now, pay later loans filed its IPO prospectus on Friday and plans to go public on the New York Stock Exchange under ticker symbol KLAR. Source link
Buy now, pay later lender Klarna files for U.S. IPO Read More »
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. 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
U.S. consumers are starting to crack as tariffs add to inflation, recession concerns Read More »
An exterior view of an Ulta Beauty store at the Monroe Marketplace Shopping Center. Paul Weaver | SOPA Images | Lightrocket | Getty Images Even the beauty industry is expecting a weak 2025. Ulta Beauty on Thursday gave worse full-year profit and revenue guidance than Wall Street expected, after reporting holiday-quarter results that beat analyst
Ulta issues weak guidance, signaling even the beauty industry is slowing down Read More »
