Nike's stock jumped 17% after the company declared that the worst of its struggles is behind it, following a better-than-expected fourth-quarter earnings report despite significant challenges.
In a surprising move, Elon Musk has fired Omead Afshar, Tesla's VP for sales and manufacturing, amid a troubling sales decline. Afshar's exit raises questions about Tesla's future as it struggles with its first annual drop in car sales.
New-home sales in the US fell sharply in May, marking the largest drop since 2022. Despite sales incentives, affordability issues persist, pushing sales to a seven-month low.
US retail sales have dropped for the second month in a row, signaling consumer anxiety over tariffs and finances. Could this mark the end of the early-year spending spree? Find out more!
Tesla faces a staggering 49% drop in European sales as competition rises and political controversies swirl around CEO Elon Musk. What does this mean for the future of electric vehicles in Europe?
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
Target's CEO Brian Cornell warns of potential price hikes due to tariffs, citing a challenging retail environment and declining consumer confidence. Sales dropped 2.8% last quarter, prompting concerns over future performance.
Nissan's latest announcement reveals another 11,000 job cuts and the closure of seven factories as it grapples with declining sales in key markets. This follows a year of significant layoffs totaling 20,000 jobs. Will Nissan bounce back?
Nintendo projects 15 million Switch 2 sales by 2026, despite a significant drop in current model sales. Can they meet this ambitious target amid shifting market conditions?
In a surprising move, Kohl's Corp. has fired CEO Ashley Buchanan after only four months due to violations involving undisclosed conflicts of interest. Board Chair Michael Bender steps in as interim CEO amid ongoing struggles with declining sales and profits.
