Business
NHL’s Coyotes CEO, other Latino executives launch platform to promote Hispanics in sports
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Courtesy: Guerrero Media When the National Hockey League’s Arizona Coyotes sold its franchise to Utah last month, the league didn’t just lose an Arizona-based team — it also lost its only active Latino chief […]
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Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023. Jeenah Moon | The Washington Post | Getty Images High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that’s been hurting other eateries. As a […]
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McDonald’s is working to introduce a $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The people said the […]
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Sweetgreen shares soar 35% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged 35% on Friday after the company topped Wall Street’s revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of […]
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Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Ford’s Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company’s All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022. Brendan Mcdermid | Reuters Ford Motor on Friday named the former chief financial officer of electric-vehicle startup Lucid to replace its current […]
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Fat Brands, chair Andy Wiederhorn indicted in $47 million ‘sham’ loan scheme
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los […]
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Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in […]
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An art market full of cracks is about to face a $1 billion test
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The key May art sales at major auction houses are expected to be down from last year, as wealthy buyers and sellers take […]
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Moderna says FDA delayed RSV vaccine approval to end of May
Nikos Pekiaridis | Lightrocket | Getty Images Moderna on Friday said the Food and Drug Administration has delayed the approval of its vaccine for respiratory syncytial virus to the end of May due to “administrative constraints” at the agency. The FDA was expected to make a decision on the RSV shot on Sunday. The agency […]
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Promoters of Mike Tyson-Jake Paul Netflix fight offer $2 million VIP package as ticket, bettor interest spike
In this composite image a comparison between Former Boxer Mike Tyson (L) and Jake Paul (R). Tyson and Paul face in July 2024 exhibition fight. Francois Nel | Christian Petersen | Getty Images Mike Tyson’s return to the boxing ring to fight Jake Paul this summer is already seeing soaring ticket prices and strong bettor […]
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