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The Facts.
Subway CEO John Chidsey to retire at end of the year
Media

Subway CEO John Chidsey to retire at end of the year

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  • November 26, 2024

Sandwich chain Subway announced on Tuesday that CEO John Chidsey will retire at the end of the year. “It has been a privilege to lead Subway through a period of exciting change, and I am so proud of what the team has achieved together,” he said in a statement. Chidsey has served as chief executive

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Media

Kohl’s lowers annual sales forecast again on muted holiday shopping demand

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  • November 26, 2024

Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers. ​Read More

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Media

Abercrombie expects a strong holiday quarter as growth run continues

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  • November 26, 2024

Abercrombie & Fitch is expecting a strong holiday shopping season, and the arrest of its former CEO Mike Jeffries for sex trafficking did not seem to hit sales. ​Read More

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Media

Best Buy cuts full-year sales forecast due to softer demand for consumer electronics

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  • November 26, 2024

Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump. ​Read More

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Media

Dick’s Sporting Goods posts robust holiday guidance

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  • November 26, 2024

Dick's Sporting Goods posted cautious guidance earlier this year as it braced for the 2024 election, but it now expects sales to be better than expected. ​Read More

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Media

Stocks making the biggest moves after hours: Zoom Communications, Kohl’s, Semtech and more

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  • November 25, 2024

See which stocks are posting big moves after the bell. ​Read More

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Media

Zoom surpasses expectations as it calls for another quarter of single-digit growth

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  • November 25, 2024

Zoom's business is still growing, but not nearly at the rate of expansion during the pandemic. ​Read More

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Macy’s says employee ‘intentionally’ hid up to $154M in expenses
Media

Macy’s says employee ‘intentionally’ hid up to $154M in expenses

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  • November 25, 2024

Macy’s Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee “intentionally” hid up to $154 million in expenses. The retailer had been slated to release its report on Tuesday morning, but instead posted preliminary findings on Monday that showed it missed Wall Street expectations.

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Nvidia

Why Workforce Development Is Key to Reaping AI Benefits

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  • November 25, 2024

AI is changing industries and economies worldwide. Workforce development is central to ensuring the changes benefit all of us, as Louis Stewart, head of strategic initiatives for NVIDIA’s global developer ecosystem, explains in the latest AI Podcast. “AI is fueling a lot of change in all ecosystems right now,” Stewart said. “It’s disrupting how we

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Nvidia

Now Hear This: World’s Most Flexible Sound Machine Debuts

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  • November 25, 2024

A team of generative AI researchers created a Swiss Army knife for sound, one that allows users to control the audio output simply using text. While some AI models can compose a song or modify a voice, none have the dexterity of the new offering. Called Fugatto (short for Foundational Generative Audio Transformer Opus 1),

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