A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Cava’s stock rose 7% on Tuesday morning after the Mediterranean restaurant chain released its earnings report a day early. … Read more
More than half of the employees at Mercedes-Benz’s manufacturing plant near Tuscaloosa, Alabama, have signed union cards and intend to join the United Auto Workers, the union announced Tuesday. Hitting a majority of sign-ups marks a milestone for the UAW as it seeks to represent workers at foreign-owned auto plants in the South. The union … Read more
The Norwegian Viva is docked at PortMiami’s Terminal B ahead of its christening ceremony on Nov. 29, 2023, in Miami. Richard Tribou | Tribune News Service | Getty Images Norwegian Cruise Line Holdings on Tuesday reported its first profitable year since 2019 as fourth-quarter losses narrowed dramatically. The cruise company reported strong growth and ticket … Read more
Viswas Raghavan is a great hire for Citigroup Inc. but, boy, does he have his work cut out to help his new employer along its road to renewal. Raghavan is a 20-plus-year veteran of JPMorgan Chase & Co. who held a string of senior leadership roles over the past decade, finishing up as head of … Read more
People shop at the Macy’s store on Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images As Macy’s chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better locations … Read more
Cr | Istock | Getty Images Shares of Viking Therapeutics soared more than 80% in premarket trading Tuesday after the company’s experimental weight loss drug showed promising initial results in a mid-stage trial. Viking Therapeutics is one of several small obesity drugmakers hoping to enter the budding weight loss drug industry, which analysts say could … Read more
Jeremy Hunt has met the boss of Shein in an attempt to persuade the fast fashion retailer to float on the London stock market, as it emerged the company has run into potential problems with a listing in the US. The UK chancellor met Donald Tang, the Shein executive chair, this month to discuss a … Read more
There was a time when Charlie Bigham would regularly get calls from customers demanding to know whether he really existed or was just a made-up front for his fresh ready meals company. Not only is Bigham real â itâs his face on the pack â he is still the majority owner and a full-time worker … Read more
Nifty on Tuesday ended 64 points higher to form a bullish engulfing pattern on the daily chart after two days of weakness. The near-term uptrend status of Nifty remains positive and bullish chart patterns like higher tops and bottoms are also intact. At the same time, the market is not gaining strength to witness an … Read more
The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images Macy’s on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. The retailer said it … Read more
