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Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. The Texas company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods are under strain in … Read more
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on March 7, 2022. Bloomberg | Getty Images The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when … Read more
As the name implies, meme coins aren’t meant to be taken seriously. Some may help investors make a quick profit, while others lose their value right away: That’s why Mark Cuban doesn’t involve himself with them, he said in a recent YouTube interview with social media personality Jules Terpak. “I’m not a fan of meme … Read more
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters “Aut Zuck Aut Nihil” spanned the front of Mark Zuckerberg’s loose-fitting black shirt during his keynote at Meta’s Connect event in September. … Read more
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images On the eve of MicroStrategy‘s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at … Read more
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R). Getty Images Ho, ho, ho! It’s a CNBC holiday tradition: Anonymous media executives make their 2025 industry predictions. In honor of the 12 days of Christmas, we give you 12 predictions from some of the most powerful media and entertainment executives in … Read more
Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal. The Lexington, Kentucky-based Lexmark was formed as a spinoff of IBM in March 1991, according to the company’s website. It caters to customers in more than 170 countries in markets, including manufacturing, retail and … Read more
WASHINGTON — President Joe Biden announced Monday that he is commuting the death sentences of 37 inmates, leaving only three people on death row in federal prisons. The commuted sentences will be reclassified to life sentences without the possibility of parole, according to the White House. “These commutations are consistent with the moratorium my Administration has imposed on federal … Read more
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters As Congress regroups following another averted government shutdown, Democratic lawmakers are increasingly calling into question the level of influence Elon Musk has over … Read more
A Nvidia chip during the Taipei Computex expo in Taipei, Taiwan, on May 29, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks had a good run in 2024, with most major markets ending the year in positive territory, as the region’s central banks eased monetary policy while an AI boom lifted tech stocks. Taiwan’s … Read more