The Children's Place has filed for chapter 11 bankruptcy protection and is seeking bids from potential new owners by Dec. 9.
Children’s Place files for bankruptcy protection, seeks buyer
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Skydance outlines its $6 billion in planned cost savings. Here's the breakdown
The updates came alongside a third-quarter earnings report for the legacy Paramount Skydance.
CNBC
Lucid misses Wall Street’s earnings expectations, expands loan from Saudi Arabia fund
The quarterly results are the first since Lucid CEO Silvio Napoli, who started leading the company in June, announced a restructuring plan.
CNBC
Tokenization platform Securitize gains 10% postmarket on Q3 results, move into asset-backed finance
Securitize saw growth in tokenization last quarter and announced its expansion into asset-backed finance through the acquisition of River One.
CNBC2 outlets
Hegseth impeachment articles introduced by Rep. Massie
The articles accuse Hegseth of "high crimes and misdemeanors," including for waging war against Iran in violation of the War Powers Resolution.
The Guardian
Nvidia’s value tumbles by $330bn after ‘honeytrap’ investigation launched, as China denies spying claims – as it happened
Shares in world’s most valuable company hit seven-month low after CEO Huang admits to affair, after allegations of relationship with Chinese spy Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy Who is Alice Huang, the woman linked to Nvidia’s CEO? The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security Huang is receiving support from some fellow tech executives, including Elon Musk. Musk commented “I agree” on a post by Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”. “While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing. “For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle
CNBC
Jensen Huang affair puts Nvidia's future at risk, with no clear successor to the renowned CEO
Jensen Huang is practically synonymous with Nvidia, the chipmaker he co-founded in 1993 and turned into one of the most valuable companies on the planet.