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How Vuori reached a .5 billion valuation by taking share from Lululemon

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million […]

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Tesla shares sink 8%, giving up some gains from post-election pop

Technology News

A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is

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Why Americans are outraged over health insurance — and what could change

Business News

A person holds a sign while standing on the roadside near the McDonald’s restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew Hatcher | Reuters The deadly, targeted shooting of UnitedHealthcare CEO Brian Thompson has

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Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

Business News

2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric trucks. The decision to delay the full battery-electric model, which had already been postponed from this

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U.S. auto sales next year expected to be best since 2019

Business News

A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to

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Merck to develop weight loss pill from Chinese drugmaker in up to billion licensing deal

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

Business News

Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty Images Merck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to $2 billion. The oral drug has not yet

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From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts

Business News

Zoom In IconArrows pointing outwards The Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family. Courtesy: Mike Milam For the holiday season, the front lawn of the Milam family’s house in Dallas has transformed into a mini golf winter

From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts Read More »

Japan’s Honda and Nissan to reportedly begin merger talks

Business News

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters DETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly

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Databricks announces billion financing at billion valuation

Databricks announces $10 billion financing at $62 billion valuation

Finance News

Databricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion. With the money, Databricks will be able to provide liquidity to current and former employees, make acquisitions, and expand overseas, according to a statement. The company’s new valuation is up from

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Starbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session

Business News

A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California. Mario Tama | Getty Images Starbucks Workers United said Tuesday that 98% of union baristas have

Starbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session Read More »

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Why Americans are outraged over health insurance — and what could change

Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

U.S. auto sales next year expected to be best since 2019

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts

Japan’s Honda and Nissan to reportedly begin merger talks

Databricks announces $10 billion financing at $62 billion valuation

Starbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session

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