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Ikea has warned that some merchandise could possibly be delayed on account of assaults on ships within the Pink Sea. The Swedish retailer’s warning comes after assaults by Houthi militants, based mostly in Yemen and backed by Iran. The Pink Sea is house to one of many world’s key commerce routes. Full story.
Nike reduce its annual gross sales outlook and dissatisfied Wall Avenue estimates in its fiscal Q2 earnings outcomes. The sportswear large mentioned it’ll search to chop prices by $2 billion over the following three years. Nike inventory was down greater than 11% in pre-market buying and selling on Friday. Full story.
Media business watchers are skeptical {that a} potential merger between Warner Bros. Discovery and Paramount International could be a wise transfer. Rumors are swirling after the CEOs of the 2 corporations reportedly met final week. One analyst mentioned such a merger could be “determined.” Full story.
Twitter competitor Bluesky now has about 2.6 million customers. But it surely has not develop into the social media energy participant that many had hoped for within the wake of Elon Musk’s overhaul of the service he’s rebranded at X. Full story.
Are layoffs extra widespread across the holidays? It appears that evidently manner this yr with high-profile corporations like Spotify and Etsy just lately asserting vital cuts, however 20 years of knowledge means that December will not be sometimes an particularly busy month for layoffs. Full story.
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