Nike CEO blames remote work for innovation slowdown, saying it’s hard to build disruptive products on Zoom
Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying it’s tough to build disruptive products on Zoom.
AMD and Intel dip on report China told telecoms to remove foreign chips
Shares of U.S. chipmakers fell after The Wall Street Journal reported China is ordering the country’s top telecom carriers to stop using foreign processors.
Beyoncé bounce: Western boot sales jump more than 20% week over week since ‘Cowboy Carter’ launch
The iconic shoe is getting a lift from Beyoncé’s latest album.
Morgan Stanley sees ‘hot summer’ ahead for energy sector, gives its favorite picks
The bank has upgraded the energy sector to “attractive” as oil demand forecasts have improved on better-than-expected growth in the major economies.
The Winklevoss twins just invested millions in a tiny British soccer club
Cameron and Tyler Winklevoss have invested $4.5 million worth of bitcoin in Real Bedford Football Club, a non-league, semiprofessional club.
How Bombardier is cashing in on business elite’s love affair with private jet travel
Commercial planes, trains and snowmobiles are out at Bombardier, as its debt-laden past pushes the company go all-in on the business jet.
Cathie Wood takes a stake in OpenAI, saying it’s at the forefront of a ‘Cambrian explosion’ in AI
In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund has invested in OpenAI as of Wednesday.
Bank of England to scrap outdated inflation forecasting model in major overhaul after Fed boss’ review
The Bank of England announced an overhaul of its inflation forecasting models after a long-awaited review by former Fed Chair Ben Bernanke.
Russia battles floods as Ural river swells; Moscow hits ‘critical’ Ukrainian infrastructure
Overnight attacks by Russia on Ukraine damaged infrastructure and private homes across the country, according to regional officials.
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.
