A top Nike executive is stepping down over misconduct allegations. Brand president Trevor Edwards will resign from his position immediately but will stay on with the company through August. It was not immediately clear what sort of misconduct Edwards had engaged in. Nike sent an internal memo to employees saying it had received reports of behavior that was not in line with the company values of inclusivity, respect, and empowerment. Edwards, who's been with the company since 1992, was seen as a potential successor to the current CEO Mark Parker.
The popular stock trading app Robinhood is reportedly now worth $5.6 billion. According to a Wall Street Journal report, the company just get a new funding round of around $350 million from Russia's DST Global. That would make Robinhood worth $5.6 billion dollars, four times the amount its previous valuation of $1.3 billion. The app was introduced just three years ago and currently has 4 million users.
Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage.
Some of the smallest stocks on Wall Street have shown much more life recently. but professional investors still aren’t convinced.
Global shares have dropped as pessimism set in over Wall Street's nose-dive related to Big Tech's pullback.
Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine.
Warner Bros. Discovery informed the league Monday that it will match the $1.8 billion per year offer by Amazon Prime Video to air NBA games.
U.S. House leaders are calling on CrowdStrike CEO George Kurtz to testify over the global tech outage.
U.S. stocks are ticking higher and clawing back some of the losses from their worst week since April. The S&P 500 ticked up 1.0% on Monday.
The Olympics’ ever-expanding quest to draw in young fans is meeting them where they are — on Roblox.
Amazon says it had its best Prime Day sales event ever this week with $14.2 billion spent online on Tuesday and Wednesday, up 11% compared to last year.
As image-generating AI continues to evolve, artists are increasingly fighting against what they see as an existential threat to their craft.
