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Investing
Birkenstock is now an $8 billion company
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Less than 25% of Under Armour sales are women’s wear. Here’s how its new CEO plans to double that.
Under Armour Inc. derives less than a quarter of its sales from women’s products, but the company is looking to capitalize on a rapidly growing market…
Bitcoin is undervalued now — but just look at its projected long-term return
Bitcoin over the next 100 years will produce an annualized return of 1.1%. That’s the prediction of a fair value model that’s based on something called…
GM settles strike at Canadian plants
A strike at General Motors’ Canadian plants is over less than a day after it started, according Unifor, the union that represents more than…
Truist Financial’s stock up on report of $10 billion unit sale to Stone Point
Truist Financial Corp.’s stock led gains among components of the S&P 500 on Tuesday following a report that it may sell its insurance-brokerage business.…
EU warns Elon Musk of ‘penalties’ for disinformation circulating on X amid Israel-Hamas war
European officials warned X on Tuesday that the company formerly known as Twitter appears to have been hosting misinformation and illegal…
Tupperware’s stock soars more than 23%, on pace for largest gain since August
Tupperware Brands Corp.’s stock rose 23.5% Tuesday, putting it on pace for its largest single-day percentage gain since Aug. 4, when it gained 35.3%. The…
Google looks to do away with passwords, making ‘passkeys’ the default option
Google is looking to make passwords obsolete by prompting users to create passkeys to unlock accounts and devices with a fingerprint, face…
Stock market likely to see 12% retreat ahead of recession, says trader who called ’87 crash
“‘The stock market, typically,!-->…
Why America’s strike wave is barely registering on Wall Street
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an…