Adidas
Nike shares drop as investors fret over murky turnaround timeline
Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.
$2
CVS Health To Cut Nearly 3,000 Jobs Nationwide
CVS Health will be reportedly discontinuing 2,900 positions at its establishments across the U.S., following the company’s new plan to reduce costs by $2 billion.
Business
Nike CEO To Retire As Sportswear Company Sales Drop
Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.
000 employees
Boeing To Begin Furloughs As Strike Continues Causing Delay In Production
On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
401(k)
Boeing Employees Go On Strike After Rejecting 25% Increase In Pay, With Production In Question
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Assets
Big Lots Announces Filing For Chapter 11 Bankruptcy
Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.
1992
Waffle House CEO Walt Ehmer Dead At 58
Waffle House CEO and President Walt Ehmer has died at age 58.
2030
Volvo Announces They Are Getting Rid Of Plan To Only Sell EVs By 2030
Volvo has announced it will be getting rid of its plan to sell only fully electric cars by 2030.
CEO
French Pres. Claims He Didn’t Know About Durov Arrest Beforehand
French President Emmanuel Macron says he didn’t know that Pavel Durov was arriving in France. He also claims that he wasn’t made aware of his arrest prior to it occurring.
automobiles
Harley-Davidson Retracts On Implemented ‘Woke’ Policies After Stirring Biker And Social-Media Outcry
Motorcycle maker Harley-Davidson released a statement on Monday, walking back their recently implemented DEI and other controversial initiatives after the company faced backlash on social media and from loyal customers.