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Ikea has warned that some merchandise could possibly be delayed on account of assaults on ships within the Crimson Sea. The Swedish retailer’s warning comes after assaults by Houthi militants, primarily based in Yemen and backed by Iran. The Crimson Sea is residence to one of many world’s key commerce routes. Full story.
Nike reduce its annual gross sales outlook and disillusioned Wall Road estimates in its fiscal Q2 earnings outcomes. The sportswear big stated it should search to chop prices by $2 billion over the subsequent 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 can be a wise transfer. Rumors are swirling after the CEOs of the 2 firms reportedly met final week. One analyst stated such a merger can be “determined.” Full story.
Twitter competitor Bluesky now has about 2.6 million customers. But it surely has not grow to be 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 frequent across the holidays? Plainly manner this yr with high-profile firms like Spotify and Etsy just lately saying vital cuts, however 20 years of information means that December shouldn’t be usually an particularly busy month for layoffs. Full story.
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