| Business News |
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| McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while |
| Mon, 05 Feb 2024 17:23:22 GMT |
| The Israel-Hamas war and related boycotts hurt Starbucks' and McDonald's sales in the latest quarter. |
| Mortgage rates jump back over 7% as stronger economic data rolls in |
| Mon, 05 Feb 2024 17:13:40 GMT |
| Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market. |
| New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance |
| Sun, 04 Feb 2024 12:00:01 GMT |
| As department store operator Macy's gets a new leader in Tony Spring, it's contending with slowing sales, activist investors and an aging customer base. |
| McDonald’s revenue misses estimates as Middle East conflict weighs on quarterly sales |
| Mon, 05 Feb 2024 15:26:56 GMT |
| McDonald's fourth-quarter earnings beat expectations, but sales in its international markets lagged. |
| Novo Nordisk parent to buy Catalent for $16.5 billion to expand Wegovy supply |
| Mon, 05 Feb 2024 15:52:46 GMT |
| Catalent is the main supplier of fill-finish work, which involves filling and packaging syringes and injection pens, for Novo Nordisk's Wegovy. |
| McDonald's is promising its 'Best Burger.' Now the chain will see if diners buy more of them |
| Mon, 05 Feb 2024 12:07:37 GMT |
| McDonald's restaurants in the U.S. are now serving improved versions of the chain's famous burgers, and the company hopes the move will unlock sales growth. |
| Why Shari Redstone is trying to sell Paramount — and why she needs the right deal |
| Sat, 03 Feb 2024 13:36:16 GMT |
| Personal and financial motivations for Shari Redstone have added complexity to discussions regarding the sale of Paramount. |
| LVMH takes aim at $30 billion watch market with high-end, reinvented pieces |
| Sat, 03 Feb 2024 14:00:01 GMT |
| The luxury giant now has 10 watch brands, including TAG Heuer, Hublot and Zenith. |
| Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch |
| Fri, 02 Feb 2024 20:06:38 GMT |
| Almost halfway into earnings season, profits are clearly coming in far better than anybody expected. |
| A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption |
| Fri, 02 Feb 2024 15:32:18 GMT |
| Carvana over the last 18 months aggressively restructured its operations and debt amid bankruptcy concerns to pivot from growth to cost-cutting. |
| NFL reminds teams they can't bet on sports during Super Bowl week in Las Vegas |
| Fri, 02 Feb 2024 17:39:17 GMT |
| The NFL is trying to tamp down potential gambling by team personnel as it holds its first ever Super Bowl in Las Vegas. |
| Manufacturing and construction are hiring — but there aren't enough people trained to fill the jobs |
| Fri, 02 Feb 2024 20:55:46 GMT |
| Manufacturing and construction companies will be struggling to fill all their available jobs in the coming years, and are getting creative with training. |
| Spotify renews deal with podcaster Joe Rogan, will put show on other platforms |
| Fri, 02 Feb 2024 20:48:28 GMT |
| Spotify has settled a multiyear deal with podcast host and comedian Joe Rogan, allowing his show to be available on other platforms. |
| Ford's hybrid vehicle sales surge to offset EV decline in January |
| Fri, 02 Feb 2024 16:19:48 GMT |
| Ford started the year with a slight increase in sales, led by a jump for hybrid vehicles, which offset an 11% decline for all-electric cars and trucks. |
| A Goldman Sachs-backed electricity firm is making a play to reach more Americans’ homes |
| Fri, 02 Feb 2024 15:07:45 GMT |
| Rhythm Energy calls itself the biggest independent green energy provider in Texas and says it operates autonomously from Goldman's private equity fund. |
| Wall Street is watching for a $10 billion domestic box office in 2026. Disney could get it there |
| Fri, 02 Feb 2024 19:38:19 GMT |
| While franchise-rich movies slates are on the docket for 2024 and 2025, Wall Street doesn't foresee ticket sales exceeding $10 billion domestically until 2026. |
| Bristol Myers Squibb results top estimates as new drugs post strong sales growth |
| Fri, 02 Feb 2024 19:39:22 GMT |
| Bristol Myers Squibb also issued its full-year 2024 forecast, which was generally in line with expectations. |
| Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off |
| Fri, 02 Feb 2024 21:01:40 GMT |
| Mattel shares trade at the same levels they did more than 20 years ago, but jumped on the news. |
| Peloton shares plummet 24% as fitness company gives dismal outlook |
| Thu, 01 Feb 2024 21:26:15 GMT |
| Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals. |
| Wilson tennis racket maker Amer Sports rises 3% in tepid market debut |
| Thu, 01 Feb 2024 21:42:18 GMT |
| Amer Sports, the athletic company behind the Wilson tennis racket and Arc'teryx, debuted on the public markets Thursday after pricing its IPO at a discount. |
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