Struggling boot brand Dr Martens to cut costs, invest in marketing

Dr Martens (DOCS.L), opens new tab laid out plans for cost-cutting measures on Thursday as the struggling British bootmaker faces mounting pressure to bolster its finances amid dwindling demand in the U.S., its biggest market. Inflation and economic uncertainty have hurt consumers’ appetite for more expensive items like the brand’s $170 classic leather lace-up boots. “There’s something […]

S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments

The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week’s economic data and Federal Reserve officials’ speeches that could shed light on monetary policy. Megacaps Apple and Microsoft (NASDAQ:MSFT) rebounded from early losses to end 1.97% and 1.31% higher respectively. Apple […]

Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company saidTuesday, almost a year after Alphabet announced that current CFO Ruth Porat would move into a new role as president and chief investment officer. Ashkenazi had a 23-year career at Eli Lilly, which confirmed her departure in a separate release. “We’re […]