Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports. The founder of venture capital firm Seven Seven Six and husband of tennis legend Serena Williams paid 20 million pounds for a 10% stake…
Bombas founder David Heath is stepping down from his role as CEO as the socks and apparel company looks to expand beyond its direct-to-consumer roots. Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company’s next CEO effective Thursday. Heath said he realized it was…
Brazilian meatpacking giant JBS SA is not backing down from its plan to conduct a dual listing, arguing that the proposal will be a long-term value proposition for investors.If minority shareholders approve the proposal at the May 23 vote, JBS — the world’s largest meat processor — will proceed with listing…
Oklo Inc (NYSE: OKLO) is up more than 10% on Wednesday after reporting an encouraging Q1.The advanced nuclear reactor manufacturer lost 7 cents on a per-share basis in its first quarter, a cent less than the Street’s estimate. Oklo expects to remain a pre-revenue company until the back half of…
The British government has issued a decisive directive to its antitrust regulator, the Competition and Markets Authority (CMA), tasking it with a sharpened focus on fostering economic growth. Announced Thursday, this strategic recalibration calls for the CMA to ensure its interventions in merger control, digital markets, and consumer protection are…
US stocks have been reclaiming some of their lost ground in recent sessions after the Trump administration and President Xi’s office agreed to pause reciprocal tariffs on each other’s products for 90 days.The world’s largest economies will be working on reaching a broader, more permanent agreement during this three-month period.According…
Indian equity benchmarks, the Sensex and Nifty, commenced Thursday’s session on a weaker footing, succumbing to selling pressure in prominent blue-chip banking stocks and reflecting a subdued sentiment across broader Asian markets. The initial downturn set a cautious tone for the day’s trading.The 30-share BSE Sensex registered an early dip,…
Airbnb CEO Brian Chesky took to the stage in downtown Los Angeles on Tuesday, outlining an ambitious expansion for the company that aims to redefine how users interact with its platform, moving beyond accommodation to a comprehensive hub for travel and local activities. The announcement centered on a new ‘Airbnb…
European markets commenced Thursday’s trading session with a keen eye on the United Kingdom, where a surprisingly robust economic performance offered a momentary bright spot. However, underlying caution prevailed as economists tempered enthusiasm with warnings of a potential slowdown later in the year, even as corporate earnings from giants like…
Nissan Motor Co’s new chief executive, Ivan Espinosa, is confronting an increasingly grim business landscape, with the automaker facing falling sales, an ageing vehicle lineup, and mounting pressure from tariffs and rivals.The Japanese automaker has seen its global sales plunge by 42% since its peak in 2017, and Espinosa, who…