Industry

Shein's Annual Revenue Is More Than $30 Billion, Key Retail Partner Says

Shein's Annual Revenue Is More Than $30 Billion, Key Retail Partner Says

The annual revenue of Chinese fast-fashion giant Shein is reportedly more than $30 billion. The annual revenue of Chinese fast-fashion giant Shein is more than $30 billion, according to Jamie Salter, the founder and CEO of Authentic Brands Group, a key retail partner of Shein.


Boeing Under Renewed Scrutiny After Mid-Air Blowout on Alaska Airlines Jet

Boeing is now facing renewed regulatory scrutiny following a mid-air blowout involving one of its Boeing 737 Max 9 jets.

Coinbase Eyeing to Expand Crypto Derivatives in EU With MiFID II Licensed Company

US cryptocurrency exchange Coinbase is making strategic moves to introduce crypto-linked derivatives in the European Union (EU) by acquiring a company with a license to do so.

2 Private Companies Aim to Get the US Back to the Moon

Two private companies are gearing up to propel the United States back into lunar exploration. Two private companies are gearing up to propel the United States back into lunar exploration more than five decades after the Apollo program concluded, according to a report by AP.


Latest News

General Motors Lowers Its Growth Expectations Amid Steel And Aluminum Tariffs
General Motors (GM) marked a significant achievement in 2023, reporting a 14.1% increase in U.S. vehicle sales.
Hiro Brands
Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 employees jobless.
A truck drives past Maersk and Cosco con
Oil prices surged over 3% on Wednesday following a warning from the US regarding Houthi militants' activities in the Red Sea.
Disney Studios Showcase Presentation At D23 Expo, Saturday August 24
ValueAct and Blackwells back Disney in boardroom battle against activist Trian Fund Management's challenge.
Xerox has announced a workforce reduction of 15% as part of its reinvention strategy. Xerox has initiated a significant restructuring effort in 2024, announcing a workforce reduction of 15% as part of its ongoing transition to prioritize business services over traditional photocopiers.
NASA Aims to Put Humanoid Robots in Space to Do Dangerous Jobs
NASA wants to put humanoid robots in space one day to help humans explore the moon and Mars. Human-like robots might be the next big thing in space as NASA aims to launch its humanoid robot Valkyrie in the coming years to help humans explore the moon and Mars.
Tesla, Nissan, GM and Other EV Models Lose US Tax Credits
Several electric vehicle (EV) models, including the Nissan Leaf, Chevrolet Blazer EV, Tesla Cybertruck All-Wheel Drive, and some Tesla Model 3s, are no longer eligible for tax credits of up to $7,500.
Russia's Manufacturing Sector Grows Fastest in 7 Years in December
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Drugmakers, Including Pfizer and Sanofi, Set to Raise US Prices on at Least 500 Drugs in January
Several major drug companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, are gearing up to implement price hikes on over 500 drugs in the United States in early January.
Nvidia to Launch a New Slower Gaming Chip in China to Comply With US Export Controls
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
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