Author: Daniel snow

Bumble jumps 15% as dating company plans to axe 30% of workforce

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[ad_1] DANA POINT, CALIFORNIA – SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Jerod Harris | Getty Images Entertainment | Getty ImagesBumble shares rallied more than 15% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.The layoffs will result in $13 million to $18 million in charges for the company hitting in the third and fourth…

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How Coach got its cool back

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[ad_1] Luxury retailer Coach has made a comeback after a strategic rebrand, successful celebrity partnerships and revamped designs.And it’s drawing in younger shoppers. More than two-thirds of Coach’s nearly 900,000 new customers in North America were Gen Zers and millennials in the last quarter, the brand said.  Coach President and CEO Todd Kahn said he and creative director Stuart Vevers focused on what they called the “timeless Gen Z client, ” which “became the muse” for the company.”When we started focusing very dramatically on them, so many other things started to happen in a good way,” he said.Parent company Tapestry reported in…

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NATO allies agree to higher 5% defense spending target

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[ad_1] Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), left, and U.S. President Donald Trump, during the NATO summit in The Hague, Netherlands, on Wednesday, June 25, 2025. Bloomberg | Bloomberg | Getty ImagesNATO allies on Thursday agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035, in the most decisive move from the alliance in over a decade.In a joint declaration, the alliance said it was “united in the face of profound security threats and challenges,” in particular the long- term threat posed by Russia to Euro-Atlantic…

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To land Meta massive data center, Louisiana pulled out all the stops

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[ad_1] Outside view of a Meta data center in Eagle Mountain, Utah on July 18, 2024, a complex of five large buildings each over four football fields long and totaling 2.4 million square feet.George Frey | Afp | Getty ImagesOn a massive, 2,250-acre site about 250 miles north of New Orleans, hundreds of construction workers and tons of heavy equipment are turning former soybean fields into what will be the largest data center in the Western Hemisphere. And in the process, officials say, they are transforming Louisiana’s economy.”It put us on a scale that has a lot of people, not…

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Tennis Channel, Women’s Tennis Association extend media deal

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[ad_1] Coco Gauff of the United States lifts the winners trophy after her victory against Aryna Sabalenka in the Final of the Women’s singles competition on Court Philippe-Chatrier during the 2025 French Open Tennis Tournament at Roland Garros on June 7, 2025, in Paris, France.Sipa via AP ImagesThe Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step…

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