JAT Capital sends scathing letter to new Bed Bath & Beyond board
Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions […]
U.S. stocks waver between gains and losses, but head for third week in the green
U.S. stocks wavered between gains and losses on Friday as the major indexes headed for a third straight week in the green, spurred by hopes for a soft landing for the U.S. economy, and the prospect of interest-rate cuts arriving during the first half of 2024. What’s happening The Dow Jones Industrial Average DJIA fell […]
Tiger Woods new golf league faces dome collapse
Tiger Woods of the United States catches a ball on the practice area during the third round of the 2023 Masters Tournament at Augusta National Golf Club on April 08, 2023 in Augusta, Georgia. Andrew Redington | Getty Images Extensive damage at a Florida dome venue is potentially a big blow to the Tiger Woods […]
Macy’s (M) earnings Q3 2023
Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset a 7% year-over-year decline in sales. The department store chain’s shares jumped nearly 6%. In an interview with CNBC, CEO Jeff Gennette said the company has seen steady business across key categories for the holiday season, especially beauty. He said […]
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 […]
