Nike Sales Dragged Down by Store Closures
The sports-apparel maker said a 75% rise in digital sales cushioned an overall decline in its latest quarter, while noting that most of its physical stores...
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Battered U.S. Wine Importers Brace for Higher Tariffs
The White House is now considering raising levies on wine from the European Union to 100% from 25% citing a lack of progress in negotiations over an Airbus...
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Amazon to Rename Seattle Venue as Climate Pledge Arena
Amazon.com will rename Seattle’s overhauled KeyArena as the Climate Pledge Arena, placing the entertainment-and-sports venue at the forefront of the tech...
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Albertsons Prices IPO Below Expectations in Downsized Deal
Albertsons priced its initial public offering below expectations and its existing shareholders sold fewer shares than planned, marking a stumble for the IP...
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Facebook Looks to Contain Advertising Boycott Over Hate Speech
Facebook is working to persuade its top advertisers not to pause spending on the social network, as it tries to keep a boycott from a handful of marketers ...
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U.S. Initial Unemployment Benefits Steady at 1.5 Million in June
The number of workers seeking jobless benefits has held steady at about 1.5 million each week so far in June, signaling a slow recovery for the job market ...
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Fed Has Made Little Progress Diversifying Leadership, Report Says
Leadership at the Federal Reserve’s 12 regional banks continues to suffer from a lack of racial, gender and economic diversity, the report released Thurs...
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Chuck E. Cheese, Home of Kids' Pizza Parties, Undone by Covid-19
Chuck E. Cheese, the pizza and entertainment chain synonymous with children’s birthday parties, filed for bankruptcy protection after the Covid-19 pandem...
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Small-Business Aid Program Has Significant Fraud Risk, GAO Says
The $670 billion Paycheck Protection Program faces a significant risk of fraud because of confusing rules and lack of safeguards, a Government Accountabili...
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Wirecard Files for Insolvency After Revealing Accounting Hole
German fintech company Wirecard has filed for insolvency proceedings, days after revealing that more than $2 billion in cash missing from its balance sheet...
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