Extend, a startup aimed at helping businesses offer product warranties, revealed on Tuesday that it had raised as much as $260 million in its latest round of fundraising efforts, which were led by SoftBank Group Corp's Vision Fund 2. In response to the company's overwhelming success, Nagraj Kashyap, managing...
Sporting apparel giant Nike unveiled its first-ever sustainable basketball shoe on Wednesday, called Cosmic Unity. This is part of the company's Move to Zero campaign, which aims to realize a zero-waste and zero-carbon future.
While composed of at least 25% recycled content, Cosmic Unity lead designer Ross Klein reassured consumers...
After revealing its test results for the solid-state battery that has been in development, EV startup QuantumScape has enjoyed a 60% rise on the New York Stock Exchange in the past month. This development sees the Westbury, NY-based company rise beyond its $22 billion market cap level.
In its latest...
Adobe Inc revealed on Wednesday its intention to add payments to its own eCommerce platform, thereby enabling merchants to accept credit cards and other forms of payments for their online stores. This move will help Adobe to strengthen its competitiveness against the likes of Shopify, having first delved into...
Lease-to-own retailer The Aaron's Company released its second quarter report at the start of the week, offering a bleak 2022 guidance. The company's stock took a big hit shortly after, diving 25% at one point.
Aaron's adjusted its predictions for 2022 sales and now sees them in the range of...
According to filings with the U.S. Securities and Exchange Commission, Amazon Chief Executive Officer Jeff Bezos sold $3 billion worth of shares of the retail giant on Wednesday.
According to Bezos’ beneficial ownership filings, the Amazon founder sold approximately one million shares of his company over the course of Monday...
Thai fashion e-commerce startup Pomelo plans to offer its analytics and demand forecast technology to other fashion brands in the region, its chief executive recently announced. This comes as an effort to boost revenue for the company amid slowing physical store sales.
Pomelo chief executive David Jou stated during an...
BYD (BYDDF), an automotive company backed by billionaire Warren Buffett, has joined competitors Nio (NIO), Xpeng Motors (XPEV), and Li Auto (LI) as frontrunners in the Chinese electric vehicles market.
BYD stocks rose by nearly 3% to 22.95 on Wednesday after the company reported its unexpectedly high sales figures for...
As demand gradually returns to pre-coronavirus levels, Coca-Cola has reevaluated both its full-year sales and profit forecasts. Currently, an increase in demand is being fueled due to the reopening of restaurants, stadiums, theaters, and the resumption of public gatherings and events.
With the U.S. economy showing consistent signs of recovery,...
Dollar Tree seems to be ready to cut its losses on the troubled store chain Family Dollar. The company announced on Wednesday that it is currently exploring various options for the future of Family Dollar, including a sale.
According to Dollar Tree CEO Rick Dreiling, the company believes that the...