Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The carmaker and eVTOL startup said the new venture will start by building an advanced, efficient manufacturing operation for air taxis.
THE APEX TIMES
THE APEX TIMES
British sportswear retailer JD Sports fell in early trading after Nike indicated its own recovery would take longer than investors hoped, pointing to continued revenue declines.
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The consumer health company said the new multi-year deal aims to expand the use of digital platforms, data capabilities and artificial intelligence across its operations.
THE APEX TIMES
A new market analysis highlights that Tesla waited a decade to carry out its first stock split, using that history to frame why a stock split at SpaceX, if it ever follows a path to public trading, could happen sooner.
THE APEX TIMES
A deal between Verizon and BT marks a pivot after BT spent more than 18 months trying to sell its international unit, choosing instead to transfer part of the business to Verizon while retaining the remainder.
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A new report highlights how companies beyond Nvidia are pouring resources into building rival AI processing chips and platform-level software, seeking a path to compete for the next wave of model training and inference.
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The company is preparing a new set of job reductions, with an overall scale expected to be smaller than the layoffs it carried out in the previous year, a media report says.
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Shares in JD Sports Fashion fell after Nike’s latest performance indicated continued pressure on consumer demand, prompting a “read-across” to the UK retailer’s near-term outlook.
THE APEX TIMES
Nike’s latest earnings got a boost from a sizeable U.S. tariff refund, but investors focused on softer performance in China and a forecast described as tepid, prompting a cautious read on the consumer-athleticwear outlook.
