Nikola Corp., once hailed as a promising electric vehicle (EV) startup, has recently filed for Chapter 11 bankruptcy protection, a stark contrast to its meteoric rise in the early 2020s. Initially regarded as a disruptive force within the automotive industry, Nikola captivated investors and analysts alike with its ambitious vision and innovative technology. At one
Business
In an increasingly competitive market for women’s activewear, Nike’s collaboration with Kim Kardashian’s shapewear brand, Skims, represents a significant strategic pivot for the athletic behemoth. Announced recently, the new line under the name NikeSKIMS seeks to leverage the combined strengths of two influential brands aiming to capture a larger share of the burgeoning women’s activewear
On Friday, Moderna reported its fourth-quarter financial results for 2024, revealing a mixture of positive revenue figures but a staggering net loss that exceeded analyst expectations. The company’s performance continues to demonstrate the challenges associated with the fading demand for its COVID-19 vaccine, which had previously propelled its meteoric rise. As Moderna grapples with these
For a significant stretch of time, popcorn remained a universal symbol of the cinematic experience—a representation of comfort, nostalgia, and leisure. However, the recent surge in merchandising popcorn buckets signifies a shift in how cinema operators perceive their revenue streams. With audience engagement dwindling in the aftermath of pandemic restrictions, theater chains have recognized an
As the year unfolds, restaurant executives find themselves cautiously optimistic about the trajectory of their businesses. The adage “in like a lion, out like a lamb” encapsulates their sentiments as they navigate a rocky start to 2025, marred by extreme weather events and fluctuating consumer confidence. However, as chains demonstrate resilience and adapt their strategies,
The auto industry in the United States is on the verge of a significant shake-up due to President Donald Trump’s discussions about escalating tariffs on foreign imports. The potential repercussions of these proposed tariffs, particularly concerning vehicles from South Korea and Japan, could reshape the landscape of U.S. automotive sales and manufacturing. This article examines
In recent years, the discussions surrounding diversity, equity, and inclusion (DEI) within major corporations have escalated from a buzzword to a focal point in corporate governance. The Federal Communications Commission (FCC) is now stepping into this contentious arena, initiating an investigation into Comcast Corporation’s DEI initiatives. This inquiry not only highlights the ongoing scrutiny of
In a bold statement during an earnings conference call, Coca-Cola’s CEO James Quincey outlined the company’s potential strategic shift in packaging as a response to new tariffs imposed by the Trump administration. With tariffs on imported aluminum and steel set to rise from 10% to 25%, Quincey’s comments serve as a crucial insight into how
In a noteworthy financial presentation on Tuesday, Coca-Cola showcased its quarterly earnings and revenue figures that exceeded analysts’ expectations, reflecting an uptick in global demand for its diverse beverage portfolio. The company’s shares demonstrated this positive sentiment, rising over 3% in premarket trading following the announcement. For the quarter ending December 31, Coca-Cola reported adjusted
This week marked a tumultuous period for beauty stocks, notably for brands like E.l.f. Beauty and Estee Lauder, as both reported disappointing earnings that adversely impacted their stock prices. E.l.f. Beauty faced a catastrophic decline, with shares plummeting by about 29%, its most significant weekly drop since August 2018. Although the company managed to beat