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Snap Inc.: “In the $20s, $30s, it was bad. Then they missed the quarter really badly, about as bad as I’ve ever seen a miss, so I can’t get behind it. I’m sorry. That was just a really bad miss. Sometimes you listen to the companies and they really screw up and that one really
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NBA superstar and new Los Angeles Laker LeBron James isn’t bothered that President Donald Trump recently insulted his intelligence, but he is wondering why the commander-in-chief bothered to do it in the first place. “That’s like somebody saying I can’t play ball,” James said in a new interview with The Hollywood Reporter. “That doesn’t bother
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“We don’t have a strong view on the quarter based on checks, but qualitative comments in recent conversations with channels and customers reinforce our concerns regarding headwinds to RHEL [Red Hat Enterprise Linux], middleware and OpenShift,” Raymond James analysts led by Michael Turits said in a note distributed to clients on Monday. In the quarter
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Athletic apparel and footwear brand Nike reignited a heated debate at the start of the National Football League regular season after the company featured free-agent Colin Kaepernick in its 30th anniversary “Just Do It” advertising campaign. The former San Francisco 49ers quarterback started national anthem demonstrations in 2016 to protest racial injustice and police brutality.
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Federal health officials directed 21 websites Tuesday to stop selling what regulators say are illegal, “potentially dangerous, unapproved and misbranded” opioids online. The Food and Drug Administration has taken action against more than 70 websites selling various versions of opioid drugs, including tramdol, so far this summer. Some of the drugs they’re selling are actually
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In the latest development of the current crisis facing Papa John’s, ousted founder John Schnatter on Monday made a slew of accusations against Chief Executive Officer Steve Ritchie for causing the company’s poor performance. Those allegations, which Schnatter detailed in a letter addressed to franchisees on the website “savepapajohns.com,” blamed Ritchie for “bad financial decisions,
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In the U.S., some high-profile humanities and liberal arts graduates have left their mark on the corporate world. A 2015 Time magazine list of humanities business luminaries includes Starbucks CEO Howard Schultz, who studied communications; HBO CEO Richard Plepler, who studied political science; and YouTube CEO Susan Wojcicki, who studied history and literature. John Mackey,
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Walmart, already the nation’s largest retailer, is trying to create a massive, digital marketplace to draw more shoppers to its website — and away from its biggest rival, Amazon. Starting Monday, edgy outdoor-gear company Moosejaw will be featured on Walmart’s website with its own, online destination. Purchased by Walmart in 2017, Moosejaw’s assortment of merchandise
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Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part of its long-term strategy, according to the ride-hailing app’s chief executive. Dara Khosrowshahi said more individual modes of transport were better suited to inner-city travel, despite snatching revenues away from Uber’s drivers. He admitted that in
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The United States has started a trade war with China, and art is caught in the cross-fire. The administration announced this month that President Trump had proposed duties as high as 25 percent on $200 billion worth of imported Chinese goods “to encourage China to change its harmful policies.” The proposed tariffs, initially set at
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The rare, severe hurricane barreling toward Hawaii at 120 mph could produce “white out conditions,” life-threatening flash floods and landslides as it hits the island’s still-erupting Kilauea volcano, according to U.S. weather officials. It also has the potential to increase the intensity of lightning and thunderstorms within Hurricane Lane, scientists say. The Category 3 storm
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Apple has attracted scores of employees away from Tesla since late 2017, including manufacturing, security and software engineers, and, more recently, supply chain experts, according to several current and former Tesla employees and LinkedIn data. This Tesla talent is not only going to Apple’s stealthy vehicle initiative, Project Titan. Apple also generally needs software, display,
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Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Apple has removed Facebook’s Onavo security app from the App Store because it does not comply with its privacy rules. “We work
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Drew Angerer | Getty Images Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho.  Dan Rose, one of Facebook‘s earliest executives, is leaving the company, he
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The FTSE 100 is seen down around 23 points at 7,548; the CAC is expected to open 8 points lower at 5,403, while the DAX is poised to start down around 15 points at 12,368, according to IG. Market focus is largely attuned to trade discussions between the U.S. and China this week, with investors
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Pure Storage shares jumped 9 percent in extended trading on Tuesday after the data center hardware company reported an unexpected profit for its fiscal second quarter. Here are the key numbers: Earnings: 1 cent per share, excluding certain items, vs. loss of 6 cents per share as expected by analysts, according to Thomson Reuters. Revenue:
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