“The numbers speak for themselves. We are currently not performing as we should,” said Adidas CEO Bjørn Gulden in a press release. Jeremy Moeller/Staff/Getty Images Adidas could lose around €1.2 billion ($1.3 billion) in revenue in 2023 if it’s unable to sell its existing Yeezy stock. The German sportswear company canceled its partnership with rapper…

US News & World Report released its 13th annual ranking of the best hotels for travelers this week. The ranking, released on Tuesday, is based on three factors: the number of travel industry awards, a hotel’s star rating and guest ratings from the travel website Tripadvisor. According to the press release, more weight was given…

CNBC’s Jim Cramer said Tuesday that Activision Blizzard is in a better position than rival Take-Two Interactive in the short term. Both video game companies reported earnings this week. Activision Blizzard shares of Activision Blizzard rose about 5.6% on Tuesday after the company reported a drop in sales last quarter. Cramer said while all eyes…

Agnes Scott college student Jordan Simi (C) takes part in a chant during a pro-abortion rights march and rally held in response to the leak of a draft U.S. Supreme Court majority opinion led by Justice Samuel Alito was written to overturn a majority of the court in the landmark Roe v. Wade later that…

Hong Kong’s new global advertising campaign will “boost” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s Squawk Box Asia on Friday. As part of the “Hello Hong Kong” campaign that started on Thursday, 500,000 flight tickets will be given away over the next six months from March. The tickets are…

The exterior of The Wormhole factory. relativity space LONG BEACH, Calif. — It was a few days into the new year, but Relativity Space’s factory was far from quiet, a bustling din with giant 3D printers humming and construction clinking. Now, some eight years after its inception, Relativity continues to grow as it pursues a…

CNBC’s Jim Cramer said Friday the January jobs report showed the economy will remain resilient despite the Federal Reserve’s rate hikes. “If the Fed chair wants to hike rates quarter after quarter, this economy can actually handle it. related investment news The US economy added 517k jobs in January, beating the Dow Jones estimate of…

Ferrari CEO Benedetto Vigna poses for a photo as Ferrari unveil a new long-term strategy on June 15, 2022 in Maranello, Italy. Flavio Lo Scalzo | Reuters Ferrari reported on Thursday that full-year earnings rose 13% year over year and forecast an even stronger year in 2023, in what the CEO described as “continued high…

Sherwin Williams Co: “I want to own it. I’ll tell you why. Everything that could be said negatively about it is out there. I want to come out with a more positive thesis.” XPO Inc: “Let’s wait for it to come down a little.” Upstart Holdings Inc: “At the moment it’s a spiral spring, even…

Santa Fe prosecutors on Tuesday filed two counts of involuntary manslaughter charges against Alec Baldwin for fatally shooting on the set of the movie Rust. They claimed the actor was not properly trained to handle the gun that ultimately killed cinematographer Halyna Hutchins. Hannah Gutierrez-Reed, the film’s gunsmith, was also charged with the same two…