A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those cards will become … Read more
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
The Bowlero location at Chelsea Piers in New York City. CNBC A former executive at Bowlero, the world’s largest owner and operator of bowling centers, has asked a court’s permission to countersue his former employer for extortion and retaliation, after an executive on a recorded call threatened to report him to the FBI if he … Read more
Denver Beer Co. Courtesy: Denver Beer Co. This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially … Read more
Barstool founder and CEO Dave Portnoy is seen before the Florida Atlantic Owls and Loyola (Il) Ramblers game in the Barstool Invitational at Wintrust Arena on November 8, 2023 in Chicago, Illinois. Michael Hickey | Getty Images Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win over Purdue Monday night … Read more
Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. The sale marks the end of an era for 3G. The firm’s influence over Kraft Heinz had been dwindling in … Read more
Boulder is the No. 2 U.S. city for quality of life, according to U.S. News and World Report. Denistangneyjr | E+ | Getty Images This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. U.S. stocks were higher Monday as Wall Street was trying to recover from last week’s pullback. Recently, investor concerns about the Federal Reserve’s next policy move have weighed on the … Read more
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival … Read more
