The egg aisle is anything but cheaper by the dozen these days — and that’s becoming a big problem ahead of the Easter holiday. The makers of Easter egg dye…
Business
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Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units. Lucid said Marc…
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Business
Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off
by adminElon Musk’s status as the world’s wealthiest person is in no danger of changing. But since mid-December, the tech titan’s net worth has declined by more than $100 billion, or…
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Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount…
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Business
Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
by adminNvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions…
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Business
Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak
by adminHome Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects. For the full year ahead, the company…
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Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the most remarkable years from a large company…
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McDonald’s is leaning into its reputation as a breakfast value offering, vowing to reject a surcharge on meals with eggs while announcing a special one-day discount on Egg McMuffins. The…
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Business
Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations
by adminFabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open. In a statement, the company said it…
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Business
JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency
by adminJPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer…