business news
Disney creative leaders express frustration to CEO Chapek over ‘Don’t Say Gay’ bill response
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Senior leaders across Disney’s creative studios have expressed their frustration to CEO Bob Chapek about his handling of the “Don’t Say Gay” bill in Florida, people familiar with the matter told CNBC. Chapek met with senior leadership […]
Read More
The HP cybersecurity acquisition made for a world of increasing malware threats
The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York. Ramin Talaie | Bloomberg | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. When Bromium made its debut on the inaugural CNBC Disruptor 50 list […]
Read More
GameStop shares fall as retailer reports loss during holiday quarter
A mall visitor walks be a GameStop store on December 08, 2021 in San Rafael, California. Justin Sullivan | Getty Images GameStop shares on Thursday fell more than 8% in extended trading, after the video game retailer reported an unexpected loss during the holiday quarter. The video game retailer did not provide guidance for the […]
Read More
U.S. House votes to strip Russia’s most favored nation trade status, moving bill to Senate
Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in the Capitol Visitor Center where she addressed the Russian invasion of Ukraine on Thursday, March 17, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The House voted Thursday to strip Russia of its protected trading status, passing the legislation on […]
Read More
Burger King partner in Russia refuses to close 800 locations, as fast-food chain moves to divest
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can’t legally suspend operations in the market right away. The Restaurant Brands International chain announced […]
Read More
Warby Parker offers weak outlook, reports loss from holiday quarter
A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker on Thursday reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which kept people out of the eyewear retailer’s stores. The company also issued […]
Read More
Impossible Foods taps Chobani executive as new CEO, founder Pat Brown steps down
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will take the helm of the company. The transition comes after a roller coaster two years for the plant-based meat industry. Impossible and rival Beyond […]
Read More
Amazon Flex drivers hit by surging gas prices are demanding relief after Uber, Lyft offer help
Uber and Amazon Flex drivers protest the fuel price serge and demand more money outside an Amazon warehouse in Redondo Beach, California, March 16, 2022. Mike Blake | Reuters On Wednesday morning, about 50 delivery and rideshare drivers parked outside an Amazon warehouse near Los Angeles. Signs taped to their car windows showed a jogging […]
Read More
The Fed faces ‘so many unknowns’ now as it digs in to fight against inflation
Federal Reserve officials made a stand Wednesday, switching from champions for employment equality to fighters of inflation. Can they pull it off? Source
Read More
Americans are pausing investments because of the Russia-Ukraine war. Here’s what it could cost them
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of stock market volatility may be a mistake, financial experts say. Two-thirds of Americans worry the conflict will hurt their wallets, with nearly half eager to save more […]
Read More