Elon Musk Is Now Worth More Than Warren Buffett
Automotive

Elon Musk Is Now Worth More Than Warren Buffett

Thanks to Tesla’s all-time high stock price.

UNIQLO Owner Expects 50% Drop in Profit This Financial Year
Fashion

UNIQLO Owner Expects 50% Drop in Profit This Financial Year

But recover in Japan and China is faster than expected.

Nordstrom Suffers Net Loss of $521 Million USD in Q1 2020
Fashion

Nordstrom Suffers Net Loss of $521 Million USD in Q1 2020

Now hoping to cut its rent payments in half.

Brooks Brothers Secures $80 Million USD Interest-Free Loan (UPDATE)
Fashion

Brooks Brothers Secures $80 Million USD Interest-Free Loan (UPDATE)

Ahead of a court-supervised auction.

MUJI U.S. Files for Chapter 11 Bankruptcy Due to COVID-19 Impact
Fashion

MUJI U.S. Files for Chapter 11 Bankruptcy Due to COVID-19 Impact

The business has been operating on a loss for the past three years.

Sony Has Just Invested $250 Million USD in Epic Games
Gaming

Sony Has Just Invested $250 Million USD in Epic Games

Amounting to 1.4% of Epic’s $17.86 billion USD valuation.


Nike Rise Offers Personalized Shopping and Community Experiences
Fashion

Nike Rise Offers Personalized Shopping and Community Experiences

The innovative retail concept aims to boost direct-to-consumer sales.

Elon Musk's Stock Options Now Valued at $3.5 Billion USD

Elon Musk's Stock Options Now Valued at $3.5 Billion USD

Close to unlocking his second tranche worth $1.8 billion USD.

Quibi Reportedly Lost 92% of Its Early Users After Free Trials Expired
Tech & Gadgets

Quibi Reportedly Lost 92% of Its Early Users After Free Trials Expired

Only 72,000 of its 910,000 free trial users remain.

Levi's to Cut Jobs Following 62 Percent Net Revenue Drop in Q2
Fashion

Levi's to Cut Jobs Following 62 Percent Net Revenue Drop in Q2

The denim brand also warns of a tough second half of the year.

'PUBG Mobile' Brings in $3B USD in Revenue from Microtransactions
Gaming

'PUBG Mobile' Brings in $3B USD in Revenue from Microtransactions

Two years after its original launch.

The U.K. Arts Sector Receives Rescue Package of Almost $2 Billion USD
Art

The U.K. Arts Sector Receives Rescue Package of Almost $2 Billion USD

To help cultural, arts and heritage institutions weather the impact of COVID-19.

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