Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.…
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Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal
by adminWASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last year. Ortberg faced questioning from the…
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Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending
by adminLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted…
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Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better
by adminDollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year. On the company’s fourth-quarter earnings call, Vasos said…
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Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines
by adminDine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee’s and IHOP. “We had a soft year…
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Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount…
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Egg rationing is here. With prices rising rapidly and showing no signs of slowing anytime soon, some of the nation’s biggest grocery store chains — including Trader Joe’s, Walmart and Costco…
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Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has…
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Business
Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch.
by adminSports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential…
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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
by adminBank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was…
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President Donald Trump isn’t expected to carry through on his threat to impose sweeping tariffs on the first day of his presidency, a move that economists have warned could lead…
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