CrowdStrike CEO promises system repair and apologizes for outage
CrowdStrike CEO George Kurtz apologized Friday for a global technology failure that affected several industries and promised to work with...
Industry
Back-to-school season helps Amazon’s Prime Day establish a record with $14.2 billion in online sales
During the 48-hour Amazon Prime Day event, customers at U.S. merchants spent a record $14.2 billion online, according to an...
Nike falls as competitors gain market share
Nike has stated that it anticipates an unexpected 10% decline in quarterly sales due to increased rivalry from more recent...
Adidas shares decline following a Chinese probe investigating claims of corruption
Adidas shares fell 4% Monday after the German sportswear brand said it was investigating allegations of corruption in China after...
Walmart shares First-quarter revenues increased by 205%, driven mostly by internet sales
Driven by its advertising and e-commerce divisions, the U.S. department store chain Walmart grew its net income by 205% in...
Alibaba’s revenues increase by 8% as Chinese regulations loosen
The Chinese e-commerce behemoth Alibaba said today that its current fiscal year revenues slightly increased as the nation's legislative constraints...
McDonald’s is attempting to launch a value lunch for $5
In order to counteract the increasingly difficult climate that customers are facing, McDonald's is attempting to launch a discount meal...
Boeing may raise $10 billion by borrowing money from the debt market
According to people familiar with the situation, American aircraft manufacturer Boeing went to the debt markets on Monday to seek...
Apple is moving away from China and doubling its iPhone manufacture in India to $14 billion
According to a Bloomberg article published on Wednesday, Apple manufactured $14 billion worth of iPhones in India during the previous...
In 2023, Spotify paid $9 billion in royalties. This is what spurred the expansion
The streaming behemoth Spotify claimed on Tuesday in its most recent "Loud and Clear" report that it paid out $9...
