Shake Shack launches search for new chief executive, keeps guidance for Q4
Shake Shake Inc.’s stock rose 2.4% after it said the upcoming retirement of its chief executive has had no impact on its expected fourth-quarter forecast as it launches a search for a replacement. Shake Shack SHAK, -1.20% said it’s working with consultant Korn Ferry for a new chief executive because Randy Garutti plans to retire […]
Macy’s receives $5.8 billion buyout offer, sources say
People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer “Cyber Monday.” (Photo by Yuki IWAMURA / AFP) (Photo by […]
LIG Nex1 stock rallies in Seoul after plan to acquire U.S. robot company
LIG Nex1 shares rallied Monday as traders cheered the South Korean defense company’s plan to acquire U.S. military-robot maker Ghost Robotics. Shares of LIG Nex1 079550, +29.92%, which specializes in making guided missiles, were up 30% at 127,700 won ($96.90) in pre-market trading and then hovered around 20% higher, on track for their sharpest daily […]
Tucker Carlson set to launch his own streaming service
Conservative commentator Tucker Carlson, who left Fox News in April, is launching his own streaming service. Carlson, who for months has been releasing video shows on Elon Musk’s X, launched a new website for the Tucker Carlson Network on Saturday, offering annual subscriptions for $72. The site says subscribers will be able to “unlock countless […]
Investor group aims to buy Macy’s for nearly $6 billion, take it private: report
An investor group is seeking to buy Macy’s Inc. for nearly $6 billion and take the department-store chain private, the Wall Street Journal reported Sunday, According to the Journal, Arkhouse Management and Brigade Capital Management have submitted a $5.8 billion bid to acquire the Macy’s stock they don’t already own for $21 a share, a […]
Fed meeting next week could slam brakes on year-end stock rally
The rally lifting U.S. stocks to fresh 2023 highs in the year’s home stretch could be at risk if the Federal Reserve next week crushes expectations for interest rate cuts in 2024. U.S. central bankers and investors haven’t exactly been seeing eye-to-eye about when the Fed will start easing its monetary policy, according to Melissa […]
Opinion: Another U.S.-China conflict is escalating. It could be the most serious of all.
In the era where technological prowess increasingly dictates global power, it’s no wonder that both the U.S. and China strive to perfect the application of artificial intelligence (AI) in military applications. China’s stance on artificial intelligence (AI) integration into its military strategy highlights its ambition to challenge the U.S. long-standing military superiority in the Indo-Pacific […]
McDonald’s investor day: What to expect
French fries arranged at a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s is expected to share new details about its accelerated expansion plans, a new spinoff brand called CosMc’s and digital strategy at its investor day on Wednesday. At its […]
AI has supercharged online scams. With the holidays coming, here’s what to look out for
If there was one thing you could usually count on when it came to online scams, it was that misspellings and bad grammar would often be a dead giveaway. Enter AI, and now those tip-offs have disappeared, experts say. “The quality of fraudulent content has gotten so high that it has become very hard for […]
Stellantis revives small EV for US starting at $34,095
The 2024 Fiat 500e. Stellantis DETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations. The small city car is expected to first go on sale as a special edition “(500e)RED” model early next year, starting at […]
