Airbnb CEO Debunks Common Success Misconception
Airbnb CEO Brian Chesky shared his personal experience on Dax Shepard's "Armchair Expert" podcast, revealing that reaching his career goal of taking Airbnb public through an IPO did not bring…
Summer Box Office Champ ‘Barbie,’ But Fall Looks Bleak — Even With Taylor Swift
Hollywood's summer cinema business saw a 19% surge in revenue to $4 billion despite a smaller number of wide-released films compared to 2019. The traditional summer movie season, which runs…
Chinese Electric Carmakers Challenge U.S. and European Giants Abroad
The IAA auto show in Munich, Germany, showcased the strong presence of Chinese electric car companies looking to expand in Europe and challenge established players like BMW and Ford in…
DOJ and SEC Investigating Tesla’s Plans for Elon Musk’s Glass Mansion
Tesla is currently under scrutiny from federal authorities in the United States, facing two separate investigations over potential misuse of company resources and misrepresentation of battery range: Personal Use of…
Warren Buffett, at 93, Propels Berkshire Hathaway to New Heights
Warren Buffett, the "Oracle of Omaha," celebrated his 93rd birthday with Berkshire Hathaway at its zenith. Since taking control of the conglomerate in 1965, Buffett has masterfully guided it into…
Formerly Twitter (X) Faces $3M Costs, 2,200 Arbitration Lawsuits
X, formerly known as Twitter, is grappling with approximately 2,200 arbitration cases initiated by ex-employees following Elon Musk's takeover of the company. The legal actions stem from Musk's extensive changes…
Gap Warns of “Uncertain Consumers” and Reports Another Period of Dropping Sales Across All Brands
Gap reported mixed results in its fiscal second quarter, along with underwhelming guidance for the current quarter. The company warned of an "uncertain consumer" as it posted another quarter of…
A New 737 Max Fault, According to Boeing, Will Delay Airplane Deliveries
Boeing has announced that a new manufacturing flaw on its popular 737 Max aircraft will lead to delays in deliveries. The flaw was discovered in fastener holes on the aft…
Zoom Beats Expectations, Raises Full-Year Guidance on Strong Enterprise Performance
Video-calling software provider Zoom reported fiscal second-quarter results that exceeded analysts' expectations, leading to an 8% rise in its shares during extended trading. Here's a breakdown of the results: Earnings:…
Retail Sales in July Increased by 0.7%, Which Was Better than Expected, as Consumer Spending was Stable
Consumer spending remained resilient in July, as indicated by a stronger-than-expected performance in retail sales, according to the advanced retail sales report released by the Commerce Department. The data showed…