Corporate News

Welcome to our corporate news platform, your trusted source for the latest and most pertinent updates in the world of business. We understand the critical importance of staying well-informed in today’s fast-paced business environment, and our commitment is to provide you with a concise and insightful resource to navigate this ever-changing landscape.

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Slate Auto: Inside the EV startup, stealth production facility backed by Jeff Bezos

Slate Auto hopes its modular, stripped-down vehicle will be the future of affordable EVs, but it has a long road ahead.
Why it's getting even harder to get into airport lounges now

Capital One was the latest company to issue new restrictions on getting into airport lounges.
Used vehicle prices ease from tariff fear-buying highs but remain elevated

Used vehicle prices last month eased from a recent high in April as consumers who needed a vehicle but feared price hikes due to tariffs purchased one quickly.
Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing 'dynamic macroenvironment'

Lululemon beat Wall Street expectations for fiscal first-quarter earnings, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."
Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts

Many companies lumped layoffs in with larger cost-cutting strategies. Some have cited artificial intelligence as a factor in layoffs.
Walmart plans to expand drone deliveries to three more states

The big-box retailer has already tested drone deliveries in Arkansas and expanded them in the Dallas-Forth Worth area.
Ram resurrects Hemi engine for popular pickup trucks in 'Symbol of Protest'

Stellantis said it's resurrecting its well-known V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.
Procter & Gamble to cut 7,000 jobs as part of broader restructuring

CFO Andre Schulten said more details about the job cuts will be shared on the company's fiscal fourth-quarter earnings call in July.

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