Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday. The price 3G Capital agreed to pay represents a 30% premium to Skechers’ current valuation on the public markets, which is…
U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years,…
Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took…
Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said…
Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the…
Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a…
Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its…
Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its…
McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the…