Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire spo...
Tag: business news
Maverick’ sets sights on $1 billion global box office haul
Tom Cruise in “Top Gun: Maverick” Source: Paramount “Top Gun: Maverick” continues to break barriers at the box office. The Paramount and Skydance sequel to the 1986 hit “...
Netflix lays off 300 more employees as revenue growth slows
Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weak...
Chipotle restaurant in Maine becomes chain’s first to file for union election
A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images A Chipotle Mexican Grill location i...
Olive Garden parent Darden Restaurants’ (DRI) Q4 2022 earnings
An Olive Garden restaurant in Silverdale. Darden Restaurants, Inc. which owns Olive Garden and other restaurant chains is scheduled to report its fourth-quarter 2022 earnings on June 23. Toby Scott | ...
United Airlines will cut 12% of Newark flights in effort to tame delays
A United Airlines passenger airplane is landing on Newark Liberty International Airport in Newark, New Jersey, on January 19, 2022. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines will c...
Can media companies survive a recession? Executives say yes
Delegates wait in line at Cannes Lions International Festival of Creativity, Cannes, France, June 2019 Cannes Lions While media executives are meeting with advertising leaders this week over glasses o...
Swimmer Anita Alvarez loses consciousness in pool at world championships
A member of Team USA (R) swims to recover USA’s Anita Alvarez (L), from the bottom of the pool. Oli Scarff | Afp | Getty Images American artistic swimmer Anita Alvarez was in danger of drowning ...
WeWork, Snowflake, United Airlines, Rite Aid and more
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million...
Why the retail industry is facing a bankruptcy wave
Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies follow...
Travelers return to Southeast Asia but inflation could hurt recovery
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region...
World’s largest hybrid ship to ferry passengers between UK, France
An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U....
Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for ...
Accenture, Darden Restaurants, FactSet and more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were i...
Charts suggest bitcoin could rally over the next few months but likely won’t reach old highs, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said bitcoin could experience a rally over the next few months, though it could be years before it reaches its old highs. “The charts, as interpreted by Tom ...
Here’s what China’s Alibaba and Kuaishou say about the economy
Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — A...
I’m sticking with Marvell Technology
Rocket Companies Inc: “I said the Fed was raising rates: you can’t own anything in that area. And the Fed is still raising, so you still can’t.” Marvell Technology Inc: “...
Franchise Group considers lowering Kohl’s bid closer to $50 a share from $60
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Kohl’s announced that it has entered into exclusive negotiations with Franchise Group, which is proposi...
6 things need to happen for a ‘bull market within a bear market’
CNBC’s Jim Cramer on Wednesday told investors that there are several things that need to happen for the market to have a “bull market within a bear market” situation. “We’...
Nikola founder Trevor Milton faces new federal fraud charge tied to ranch purchase
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Stock futures are lower after major averages dip, investors mull slowdown
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 7, 2022. Brendan McDermid | Reuters S&P 500 futures were lower Wednesday night after the major indexes slippe...
Electric vehicle raw material costs doubled during pandemic
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Mars CEO is retiring and will be replaced by head of pet care unit
Grant Reid, president and chief executive officer of Mars Inc., speaks during a Bloomberg Businessweek Debrief event in New York, U.S., on Thursday, Jan. 10, 2019. Alex Flynn | Bloomberg | Getty Image...
Fanatics CEO Michael Rubin selling ownership stake in 76ers, NJ Devils
Michael Rubin attends Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Filmmagic | Getty Images Billionaire Fanatics CEO Michael Rubin announced Wednesday t...
UKHSA detects polio virus in London sewage, declares national incident
U.K. health authorities have said they are “urgently” investigating a rare poliovirus discovery in sewage samples in London. Picture Alliance | Getty Images U.K. health authorities have sa...
Online lottery ticket firm Jackpot gets funding from top sports execs
Online lottery ticket company Jackpot announced Wednesday that it closed on $35 million in series A funding, led by some of the biggest names in sports who see the promising growth potential in digita...
Daimler Trucks says it’s facing enormous supply chain pressure
Supply chain disruptions are still rippling across the globe, and the head of the world’s largest truck maker has warned that parts shortages are slowing the production of thousands of its vehic...