Disney, Charter battle over Spectrum blackout, streaming
Cable giant Charter Communications and Disney are in a battle over contract fees that has left millions of people without access to U.S. Open, college football and potentially “Monday Night Football,” with the NFL’s season starting in just days. On Thursday, Disney said that the two companies have been in ongoing negotiations but yet to […]
Robinhood paid more than $600 million for stock held by U.S. Marshal Service
Shares of Robinhood Markets Inc. charged higher Friday after the trading-app operator disclosed that it has bought back the 55.3 million shares that had been seized by the U.S. government. The company disclosed in an 8-K filing with the Securities and Exchange Commission that it paid about $605.7 million for the shares, which were being […]
Walgreens CEO Roz Brewer steps down
Rosalind “Roz” Brewer Jason Redmond | Afp | Getty Images Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company’s chief executive as it leans deeper into its strategy to become a health care company instead of a drug store. She also left the company’s board, effective Thursday. The decision was […]
Buying a new car? Don’t expect a deal, even with more vehicles available.
As some U.S. automakers update markets on their August sales, higher inventories at dealerships are one reason new-car sales are expected to notch big gains year on year. Around this time in 2022, new-car inventories were at their lowest level in years, the result of pandemic-driven supply-chain snags and heightened demand. Several estimates peg August’s […]
Starbucks, Dunkin roll out pumpkin spice, fall menus early
Starbucks’ iced pumpkin cream chai tea latte. Source: Starbucks In most of the U.S., tree foliage is green and temperatures are warm. But for many restaurants and retailers, fall is already here. Halloween candy and pumpkin spice lattes used to wait until after Labor Day to make their annual debuts, ushering in the start of […]
China’s Caixin PMI returns to expansion in August
A private gauge of China’s factory activity swung to expansion in August, thanks to improved supply and market demand. The China Caixin manufacturing purchasing managers index rose to 51.0 in August from 49.2 in July, according to data released Friday by Caixin Media Co. and S&P Global. The rebound came after the index stayed below […]
HHS wants to reclassify marijuana: What it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, on Thursday, Dec. 29, 2022. Jeenah Moon | Bloomberg | Getty Images This week, the Department of Health and Human Services asked the Drug Enforcement Agency to consider easing […]
Barry Diller says studios should cut Netflix from strike talks
Barry Diller Mike Newberg | CNBC Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it’ll be “catastrophic” to the industry. The media mogul, speaking on the podcast “On with Kara Swisher,” said the strikes would only strengthen streaming giant Netflix during a tumultuous time for […]
Hong Kong morning trading session canceled due to typhoon
Hong Kong’s morning trading session has been canceled due to a typhoon alert issued by the government, which is currently at signal No. 8. “If typhoon Signal No. 8 or above, or any announcement of extreme conditions, remains issued at 9:00 a.m. (Hong Kong Time), the morning trading sessions for all markets will be canceled,” […]
Lululemon (LULU) earnings Q2 2023
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China. The athletic apparel retailer now expects sales […]
