IBM Shares Tumble 25% Amidst AI-Driven Spending Shift
Business & Markets • 3 months ago
Company forecasts weaker-than-expected earnings, signaling a significant impact of artificial intelligence on software budgets.
Business & Markets News
New Balance 'Dad Shoe' Sees Discount During Nordstrom Anniversary Sale
Business & Markets • 3 months ago
The popular New Balance 530 sneaker is available for 18% off for a limited time during Nordstrom's annual sale event.
Fossil to Close Up to 15 Stores in 2026 Amid Retail Slump
Business & Markets • 3 months ago
The iconic watchmaker is streamlining its operations due to weak consumer demand and declining mall traffic.
EQT Launches New Venture Capital Fund for Tech Investments
Business & Markets • 3 months ago
The fund, a continuation vehicle, secured approximately $600 million in its initial funding round.
Chrome Hearts Co-Founder Identified as Buyer of Iconic St. Barts Mountaintop Property
Business & Markets • 3 months ago
Laurie-Lynn Stark purchased the historic Les Castelets site for $37.7 million, as revealed in a new tell-all book.
Hollywood Agency Verve Faces Rent Woes Amid Client Exodus
Business & Markets • 3 months ago
The boutique agency, founded by former Endeavor agents, is reportedly behind on rent and has lost a significant portion of its top clients since 2022.
JPMorgan Chase Reports Record Profit Amid Wall Street Dealmaking Surge
Business & Markets • 3 months ago
Major U.S. banks, including Goldman Sachs, Wells Fargo, and Bank of America, also posted strong earnings driven by increased corporate activity and consumer spending.
Shake Shack Rolls Out West Coast-Inspired Summer Menu
Business & Markets • 3 months ago
The fast-casual chain introduces new burgers, chicken sandwiches, and loaded fries, drawing inspiration from California's iconic burger culture.
De Beers Halts Production at Flagship South African Mine for Two Years
Business & Markets • 3 months ago
The diamond giant cites plummeting demand and aims to use the downtime to improve mine efficiency and capacity.