Wall Street cheers Brian Niccol appointment
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job […]
Treasury yields end at lowest in a week after mild rise in July producer prices
Yields on U.S. government debt finished broadly lower on Tuesday after July’s muted producer-price index reinforced traders’ expectations for multiple interest-rate cuts into next year.
Fed interest rate cut may boost sales
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Just like Wall Street, Home Depot is closely watching the Federal Reserve’s next move. In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners have postponed moving […]
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell more than 10% Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks. Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 770% since he took over. Chipotle’s board named Chief Operating Officer Scott Boatwright as […]
‘You’re not stupid enough to have to work in a place like this’: It’s time to give fast-food workers respect. Could you do their job? I couldn’t.
Service workers are under pressure. Amid rising inflation, the public is hungry for lower prices.
Murdoch family battle highlights Nevada’s secret trust boom
(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Drew Angerer | Getty Images News | […]
‘One of New York’s most prestigious estates’: Kenneth Cole has listed his longtime family home for $22 million
The fashion designer has owned this Westchester County mansion on 14 acres since 1991.
Everything we learned at Disney’s parks panel at the 2024 D23 Expo
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images The time of villains has come. Disney’s classic baddies are getting their own theme […]
Trump praises Tesla, worries about how much power AI uses in glitchy chat with Elon Musk
Billionaire entrepreneur and Donald Trump supporter Elon Musk spoke with Trump for more than two hours in a wide-ranging conversation on Monday night on his social-media platform X.
‘Deadpool & Wolverine’ tops $1 billion at the global box office
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney The “Merc with a Mouth” is breaking even more box office records. Over the weekend, Disney and Marvel’s “Deadpool & Wolverine” became only the second R-rated film to top $1 billion at the global box office. And it’s on its way to becoming […]
