Fed Official: Recovery Will Be A 'very Slow Slog'

Soho House said in a statement on Thursday that the takeover offer was backed by the company's chairman, Ron Burkle. Chip Somodevilla via Getty ImagesSoho House's shares closed over 47% higher on Thursday. The exclusive members-only social club said it received a takeover offer at $9 per share. Soho House went public in 2021 at a $2.8 billion valuation but has struggled to be profitable.

Nike needs to refocus on five key sports areas and hold fewer sales, among other areas, the CEO said. Cheng Xin/Getty ImagesNike's CEO Elliott Hill said that there are three things he wants to fix at Nike. One mistake was being "too promotional" and offering too many discounts. The company will also focus on five areas: running, basketball, training, football, and sportswear.

Air Force Secretary Frank Kendall said he has "a lot of respect" for Elon Musk as an engineer, but said the billionaire is no warfighter. Tom Williams/CQ-Roll Call, Inc via Getty Images and Anna Moneymaker/Getty ImagesFrank Kendall, the Air Force Secretary, hit back on Elon Musk's comments slamming the F-35.

Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike in Virginia in 2023. SAUL LOEB/AFP via Getty ImagesStarbucks' largest workers' union announced that it would strike in three major cities on Friday. The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.

Mirror cells, if created, would probably multiply in a host organism without much resistance. BSIP/Universal Images Group via Getty ImagesSome scientists trying to create "mirror life" have stopped in their tracks. A mirror microorganism could end up being a major pathogen since our immune systems wouldn't notice it. Mirror-image biology inverts a fundamental property of life on Earth: which way molecules point.

Google CEO Sundar Pichai. Justin Sullivan/GettyGoogle's CEO said it had cut managers, directors, and VPs by 10% as part of its efficiency drive. The company has been boosting efficiency by reducing layers and reorganizing teams. Google has been facing down threats from OpenAI and other AI rivals. Google had cut the number of top management roles by 10% in its push for efficiency, CEO Sundar Pichai told employees in an all-hands meeting on Wednesday.