Resy co-founder Gary Vaynerchuk on the ‘profound’ shift in advertising

Gary Vaynerchuk speaks onstage during Tribeca X on June 14, 2023 in New York City. Dave Kotinsky | Getty Images Entertainment | Getty Images Social media algorithms have led to a more meritocratic advertising landscape that the industry has been slow to catch up with, according to VaynerMedia CEO Gary Vaynerchuk. “The social media I … Read more

Golden Goose postpones Milan IPO citing political turmoil in Europe

A general view of Golden Goose Superstar “Paint Your Love” sneakers. Icon Sportswire | Icon Sportswire | Getty Images Italian sportswear brand Golden Goose postponed its Milan IPO on the grounds that the European Parliament elections and the call for a snap election in France have led to “significant deterioration” in market conditions. Golden Goose, … Read more

How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for … Read more

Steve Cohen is set to make a big push into investing in AI

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm’s plans. The new long/short equity fund, to be launched later this year or early … Read more

Boeing CEO Calhoun heads to Senate hours after new whistleblower claims

Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes. Tom Williams | Cq-roll Call, Inc. | Getty Images Boeing CEO Dave Calhoun plans to tell … Read more

Uber, Khosla, Nvidia invest in autonomous trucking startup Waabi

Raquel Urtasun, Founder and CEO of Waabi. Courtesy: Waabi Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi’s latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital … Read more

GameStop drops after annual meeting fails to offer details on firm’s strategy

Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.  Brendan McDermid | Reuters GameStop shares slid on Monday after the company’s highly anticipated annual meeting failed to offer any concrete updates on the video game retailer’s future … Read more

Adidas investigates bribery allegations in China, FT says

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint that accused senior staff of embezzling “millions of euros”, the Financial Times reported on Sunday. The anonymous … Read more

‘Inside Out 2’ box office opening hits $155 million domestically

Disney and Pixar brought a big dose of joy to the box office this weekend. “Inside Out 2” debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.’ “Barbie” to top $100 million during its debut. Of note, Disney does not consider its … Read more

Candy makers face steep cocoa prices, get creative

Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024.  Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the … Read more