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Levi Strauss Thanks in part to higher prices, we had another strong quarter, with direct-to-consumer sales accounting for more than half of our overall revenue. This was a milestone for the company, which had long relied on wholesalers. The denim maker’s revenue increased 14%, and DTC sales through Levi’s own stores and website increased 16%, bringing total DTC sales to 52% of total revenue. CEO Michelle Gass said in an interview with CNBC that the company expects DTC revenue to account for more than half of its total sales for the year, even as traditional wholesale channels continue to grow.…
meta The company, which is Facebook’s parent company, is a leading developer of OpenAI, Anthropic, google. The AI model, named Muse Spark and originally codenamed Avocado, is the first in the company’s new Muse series announced Wednesday and was developed by Meta Superintelligence Labs, the AI division Wang oversees. Wang joined Meta in June as part of the company’s $14.3 billion investment in Scale AI, where he was CEO. Meta is desperate to regain momentum in the competitive AI market following the disappointing debut of its latest open source model last April. The release failed to impress developers, prompting CEO…
Iran and the United States have accepted a two-week ceasefire and claimed victory in the conflict, just before US President Donald Trump’s apocalyptic deadline to wipe out Iranian “civilization” if Tehran does not agree to a deal.The US and Israeli attack on Iran, which began on February 28, has killed at least 2,076 people, with thousands more killed across the region. The war also disrupted global energy supplies, stranded oil tankers and caused price spikes in what has been called the biggest shock in the industry’s history.Recommended stories list of 4 itemsend of listPresident Trump said in a post on…
There will be no F1 cars on track in April, but the first of a series of important meetings that could have a big impact on how the season restarts is scheduled to take place on Thursday. Due to the Middle East conflict, races in Bahrain and Saudi Arabia were canceled, leaving a five-week gap in the calendar leading up to the Miami Grand Prix from May 1-3. The extra period following the opening three races in Australia, China and Japan has given the sport’s leaders time to reflect on and possibly adjust the new regulations that will be introduced…
Snowflake is betting that the future of AI is not just analyzing data, but acting on it. This means moving from chatbots to autonomous agents that can actually get the job done. And Snowflake is rapidly reorganizing in response, from shipping hundreds of AI features to rebuilding its team along the way. In this episode of TechCrunch’s Equity podcast, Rebecca Bellan speaks with Snowflake CEO Sridhar Ramaswamy to unpack the company’s transformation and what it suggests about where AI is headed next. Listen to the full episode and hear what’s next. Why Ramaswamy believes the age of chatbots is over…
Traders work on the floor of the New York Stock Exchange (NYSE) on April 8, 2026 in New York City, USA. Brendan McDiarmid | ReutersStocks soared Wednesday after President Donald Trump halted attacks on Iran for two weeks and suspended a five-week conflict that has shut down a critical waterway for global energy supplies. of Dow Jones Industrial Average It was 1,200 points (2.6%) higher. of S&P500 2.4% increase; Nasdaq Composite It rose by 2.8%.West Texas Intermediate Crude Oil Futures Prices fell more than 17% to $93.42 per barrel following President Trump’s declaration. international benchmark Brent delivered in June It…
glass wing project. It sounds like something out of a spy movie. But those two words, and the work behind them, from AI baby Anthropic sent the battered cybersecurity stock soaring along with other giant stocks. Glasswing is named after a butterfly with transparent wings as a metaphor for spotting visible bugs. Anthropic’s new AI model aims to protect the world’s most critical software. Unlike previous Anthropic announcements, which resulted in investors dumping anything remotely thought to be disrupted by AI, this announcement is a breath of fresh air. why? That’s because the project will see Anthropic working with club…
A ship is seen passing through the Strait of Hormuz in Oman on April 8, 2026, after a two-week interim ceasefire was reached between the United States and Iran on the condition that the Strait of Hormuz be reopened.Shadi JH Alasar | Anadolu | Getty ImagesShip tracking service Marine Traffic said Wednesday that the first ship has passed through the Strait of Hormuz since Iran and the United States reached a two-week cease-fire agreement.But more than 12 hours after the ceasefire, overall traffic through the vital waterway has not increased beyond the slow flow experienced during the war, experts and…
The US president said the Lebanon war was a “separate skirmish” as Israel killed dozens of people across the US after a regional ceasefire.President Donald Trump has insisted that Lebanon was not included in the ceasefire between the United States and Iran, contradicting claims from Pakistan, which brokered the ceasefire.On Wednesday, President Trump said Israel’s war on Hezbollah was a “separate skirmish” after Israel launched a major attack on Lebanon, killing hundreds in the populated area.Recommended stories list of 3 itemsend of list”Because of Hezbollah, they were not included in the deal,” Trump told public broadcaster PBS. “That will work…
I Am Maximus leads the largest field of 34 declared runners as he attempts to emulate Red Rum in Saturday’s Randox Grand National.Since Ginger McCain’s Aintree legend, no horse has won the world’s most famous steeplechase, lost the title, then regained it. Red Rum won in 1973 and 1974, finished second in 1975 and 1976, and won for the third time in 1977. Willie Mullins’ I Am Maximus will be wearing a cheek piece for the second time, with his first appearance in December 2022, but stablemate Nick Lockett has judged him to be the only horse too good to…