Starbucks initial Oleato launch will launch three olive oil-infused drinks in stores across Italy. Source: Starbucks Starbucks has a new way to customize its coffee: olive oil. The coffee giant will l...
Tag: Retail industry
Inflation drives 2023 wedding costs up even as nuptial boom winds down
The explosive wedding boom seen last year is winding down, but the average cost of nuptials is still going up, according to new data from Zola. Couples will shell out an average of $29,000 this year ...
Walmart, Home Depot prepare for consumer slowdown
If you want to know how this year may be for the retail industry, look no further than Walmart‘s cautious outlook. The discounter easily topped expectations for the holiday quarter on Tuesday, b...
Walmart (WMT) earnings Q4 2023
Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 an...
Home Depot (HD) Q4 earnings 2022
A customer loads plywood to a truck outside a Home Depot store in Galveston, Texas, on Tuesday, Aug. 25, 2020. Scott Dalton | Bloomberg | Getty Images Home Depot’s revenue fell short of Wall Str...
Home Depot to give hourly workers a raise
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly e...
Walmart, Home Depot kick off retail earnings this week
Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images After benefitting from a pandemic-era s...
DraftKings stock surges after company raises 2023 outlook
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Shares...
Legal marijuana sales licenses give second chance to ex-cons
Tahir Johnson said he’s on track to be one of the first people with a marijuana related conviction to open a licensed dispensary in New Jersey. “The generational wealth this will create fo...
Hasbro (HAS) earnings Q4 2022
Hasbro‘s 2023 outlook might feel like déjà vu. At first, anyway. The toymaker on Thursday announced its fourth-quarter results while issuing conservative guidance for the year, mimicking the mod...
U.S. stocks don’t seem bothered by inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is fro...
U.S. stocks don’t seem concerned about inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC...
McDonald’s to launch McPlant nuggets with Beyond Meat in Germany
McDonald’s is adding its McPlant burger and nuggets to menus in Germany. Source: McDonald’s McDonald’s is expanding its McPlant line with another Beyond Meat item. The fast-food gian...
Americans are spending despite high inflation. That means rate hikes
Fresh economic data this week shows Americans are shopping more than expected at the start of the year, even as prices continue to rise. That may be good news for some of the Club’s retail holdi...
Bernie Sanders hints at Starbucks CEO Schultz subpoena
Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz Reuters (L) | Getty Images (R) Sen. Bernie Sanders hinted that lawmakers could subpoena Howard Schultz to compel the outgoing Starbucks ...
Kraft Heinz (KHC) Q4 2022 earnings
Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27. Gabby Jones | Bloomberg | Ge...
New Balance introduces Rich Paul’s Klutch Athletics sportswear brand
Klutch Athletics will support and serve athletes throughout their athletic journey including youth, collegiate and professional sports Courtesy: Clutch Athletics Rich Paul, the sports agent who repres...
Chipotle to launch spinoff Farmesa in ghost kitchen
Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. It’s the latest attempt by the burrito chain to branch out into new cuisines. Its p...
Stocks were steady even as U.S. inflation rose
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC ...
Coca-Cola (KO) Q4 earnings
Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices for its drinks. But those higher prices have hurt demand for Coke products like Simply O...
Sandwich chain Subway explores sale
In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Sandwich giant Subway confirmed Tuesday it is ...
US, China spy balloon drama is drifting into supply chain politics
The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. Randall Hill | Reuters The tensions between the U.S...
Restaurant Brands International (QSR) earnings Q4 2022
In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that...
Jim Cramer’s Investing Club meeting Monday: Caterpillar, Estee Lauder
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Buy CAT on a pullback EL se...
Super Bowl betting sets records for sportsbooks
It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. Super Bowl 57 was the first one to be played in a state where sports gambling is legal, and early da...
TV prices sink ahead of the Super Bowl — here are the best deals
Nearly 200 million people will watch the Philadelphia Eagles face off against the Kansas City Chiefs in the Super Bowl on Feb. 12, which is a good reason to buy a brand-new television. While you may n...
Adidas shares tank after it issues warning over unsold Yeezy stock
“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas c...
Child killed, another injured in Baby Trend strollers
Baby Trend Sit N’ Stand Double stroller Source: U.S. Consumer Product Safety Commission A baby was killed and another was injured after they became entrapped in a popular Baby Trend stroller tha...