Business

Levi’s is embracing a baggy look

Skinny jeans have had their moment. Comfy clothing is what consumers want now, and Levi’s is ready to deliver with more generous-fitting and downright baggy jeans this year. The iconic American denim brand said it’s helping facilitate the switch from skinny to baggy. “I think we’re kind of leading this trend to some extent,” Levi […]

Business

Commerzbank to slash 10,000 jobs and close hundreds of branches

Commerzbank plans to slash its workforce by 10,000 and close 340 branches by 2024 as part of a strategic overhaul. The bank has roughly 48,500 employees around the world. But it indicated in a statement on Thursday that its home market would be heavily affected, with one out of every three jobs in Germany being […]

Business

Facebook’s ‘supreme court’ just ruled against Facebook

Facebook’s court-like Oversight Board overturned several of the company’s decisions to remove content in its first set of decisions since the independent body began hearing cases last fall. The board, which has been called Facebook (FB)’s version of a Supreme Court, announced Thursday that it overturned Facebook’s decisions in four out of the five cases […]

Business

Tesla disappoints Wall Street despite strong profits

Tesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The electric car maker reported fourth quarter adjusted income of $903 million, excluding special items, more than double its earnings a year ago but short of the $1.1 billion forecast by analysts. […]

Business

Fired Fox News political editor calls out ‘hype men in the media’ who helped Trump attempt to ‘steal an election’

A longtime Fox News politics editor, who was fired by the network earlier this month after angering former President Donald Trump, rebuked the current state of American media and skewered right-wing propagandists in a candid opinion piece published Thursday. Chris Stirewalt, who drew scorn from Trump and his supporters after calling the state of Arizona […]

Business

International police effort takes down ‘world’s most dangerous’ malware network

Law enforcement authorities across several countries have taken down a network of what they describe as the “world’s most dangerous malware.” The malware, Emotet, gained access to users’ computers through infected email attachments, including documents purporting to be “invoices, shipping notices and information about Covid-19,” European police agency Europol, which coordinated the effort, said in […]

Business

Facebook faces a global backlash over its bid to ‘bully’ Australia

Elected officials and media publishers in the United Kingdom, Canada, Germany and the United States slammed Facebook’s actions on Thursday, suggesting they were anti-competitive and underscored the need for a regulatory crackdown. “It is one of the most idiotic but also deeply disturbing corporate moves of our lifetimes,” Julian Knight, the lawmaker who chairs the […]