Eric Schmidt, former CEO of Google, is taking over as CEO of Relativity Space after making a significant investment in the rocket start-up located in Long Beach, California.

Macy's is attempting a business turnaround strategy led by CEO Tony Spring amidst mixed financial results, facing challenges such as declining sales and cautious consumer behavior.

Starbucks announced it will lay off 1,100 corporate employees as part of a restructuring effort to improve efficiency amid declining sales.