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Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
Nikola CEO Michael Lohscheller Steps Down
Michael Lohscheller has stepped down due to a family health matter, and Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. Source
Airbnb Powers to Most Profitable Second Quarter on High Nightly Rates
Airbnb posted its most profitable second quarter ever, boosted by high nightly rates guests were willing to pay—in a sign that steep travel prices are
Gucci Works Its Socks Off to Be Cool Again
A big test for the fashion brand comes in September Source link
Amazon Shines During Apple's Off-Season
One tech titan snaps its growth slump, while the other remains mired in it. Source link
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link
Warner Bros. Discovery Revenue Falls
The company’s streaming segment shed subscribers in the second quarter after the launch of its new service, Max. Source link
Adidas’s Yeezy Sales Are as Strong as Ever After Kanye West Controversy
What to Read Next Source link
Apple Sees Third Straight Quarter of Falling Sales, Longest Slump Since 2016
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high. Source link