Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will affect employees at Adidas’ headquarters in Herzogenaurach, Germany, and represent nearly 9% of the 5,800 staffers it employs at the location. …
Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge:…
American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending…
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations…
Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its…
A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most…
UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive,…
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in…
OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks like planning vacations,…