Can you make money from multi-level marketing? Your accountant says no.
It’s the holiday season, and there are a lot of skin-care products, athleisure wear, kitchen gadgets, makeup and nutritional supplements for sale at home parties near you. You’ll get an invitation along the way at some point, if you aren’t flooded already, and the neighborly salesperson will present themselves as a big success and maybe […]
Gap (GPS) earnings Q3 2023
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which also runs Old […]
Applied Materials stock falls after report of criminal probe
Applied Materials Inc.’s stock dropped more than 7% in extended trading Thursday after a report that the chip maker is under a criminal investigation by the Justice Department for potential export violations. Reuters reported Thursday that the company is being probed for possibly sending hundreds of millions of dollars’ worth of equipment to Chinese chip […]
Sierra Space lays off hundreds in push toward Dream Chaser launch
A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Sierra Space, one of the sector’s most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned. A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify the number of […]
Duckhorn to buy Sonoma-Cutrer Vineyards for $400 million
Duckhorn Portfolio, a public Napa Valley wine company known for putting California merlot on the map, has struck a deal to buy chardonnay producer Sonoma-Cutrer Vineyards for about $400 million. The stock and cash deal will expand Duckhorn’s NAPA, -1.20% potential sales capability, while boosting its profile within chardonnay. Sonoma-Cutrer’s six Russian River Valley and […]
Music mogul Sean ‘Diddy’ Combs sued for rape, sex trafficking
Sean “Diddy” Combs announces his alliance with Diageo, the world’s leading spirits, wine and beer company, at a press conference at Stone Rose on October 24, 2007 in New York City. George Napolitano | Filmmagic | Getty Images The music mogul Sean “Diddy” Combs was hit Thursday with a lawsuit accusing him of raping and […]
Mattel hires ex-Fox, Sony exec to run TV studio
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023. Bloomberg | Getty Images Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of “Barbie.” The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and […]
Walmart’s shareholders may have anticipated today’s selloff — if they’d been watching its bonds
Shareholders of Walmart Inc. may have had an inkling of today’s stock selloff if they had been watching the performance of its bonds over the last two weeks. The bonds have seen net selling even as spreads have tightened, according to data solutions company BondCliQ Media Services. The same is true for Costco Wholesale Corp. […]
Starbucks workers file labor complaints as union goes on strike
Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City. Andrew Lichtenstein | Corbis News | Getty Images Starbucks workers in New York City have filed 32 more complaints alleging that the coffee giant violated the city’s labor […]
Firm that’s been saying cash is king says NOW is the time to switch to stocks
Cash, you are no longer king. Long live stocks. That’s our call of the day from Barclays strategists who have switched their fealty from one of the year’s most popular investment choices to equities. “After two straight quarters recommending cash over stocks and bonds, we now expect equities to eke out high single-digit returns in […]
