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WSJ: Klarna Gearing Up to Begin IPO Marketing Campaign
Klarna is gearing up to begin its IPO marketing campaign as early as Tuesday, right after Labor Day, in preparation for a New York Stock Exchange debut.
Nestle Removes CEO Laurent Freixe Over Violating Business Conduct
Nestlé has abruptly removed CEO Laurent Freixe after an investigation confirmed he had failed to disclose a romantic relationship with a subordinate.
Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Anna Wintour taps Chloe Malle as Vogue successor
Anna Wintour has named Chloe Malle as her successor as head of editorial content at American Vogue.
By Leanne Italie
Kraft Heinz undoes blockbuster merger after a decade of falling sales
By Dee-ann Durbin and Michelle Chapman
videos
Meet KOID: Derek Yan's ETF That Puts You in the Driver’s Seat of the Robot Uprising
KOID taps the supply‑chain stars behind humanoids—from AI brains to metal muscles—as Derek Yan bets on a future of one‑trillion‑dollar bots.
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Go Fund Yourself: The Future of Connection
Moti allows you to talk to industry experts at the click of a button, while Observe Life allows you to preserve each of your family members’ stories.
Big Business This Week: Is Elon Musk toxic for Tesla?
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
780,000 pressure washers are under recall after explosions
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Tesla sales plunge again in Europe as anger at Musk keeps buyers away
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
Trump fires Democratic board member ahead of huge rail merger decision
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Average rate on a 30-year mortgage slips to 10-month low
The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it’s been in recent weeks. The long-term rate eased to 6.56% from 6.58% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.35%. Elevated mortgage rates have kept the U.S. housing market in a slump since early 2022, when rates began climbing from pandemic lows. The recent downward trend bodes well for prospective homebuyers who have been held back by stubbornly high home financing costs, but it has yet to spur a turnaround for home sales.
Tokyo uses AI simulation of Mount Fuji eruption to prepare for worst
Japanese officials have released AI-generated videos simulating a potential eruption of Mount Fuji.
Ford recalls more than 355,000 pickup trucks over dashboard failures
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia’s latest results and its stock market prominence; A deeper look
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
Al Sharpton to lead pro-DEI march through Wall Street
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
Mystery surrounds $1.2 billion Army contract for Texas detention camp
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Why doesn’t Netflix want people to see its films in theaters?
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Microsoft protesters occupy president’s office over middle east work
Police have arrested seven people after they occupied an office at Microsoft's headquarters in Washington state.
Nvidia’s earnings report will help show if AI boom is gaining steam
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel does a U-turn on its $700 million rebrand, after all
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
