McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday. The rollout will start in the second half of this year, but it will take roughly two and a half years as Krispy Kreme more than doubles its distribution to satisfy the partnership. For … Read more
NEW YORK, NEW YORK – NOVEMBER 08: Alex Cooper (C) performs a wedding ceremony during “The Unwell Tour” at The Theater at Madison Square Garden on November 08, 2023 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Entertainment | Getty Images Kim Kardashian’s shapewear label Skims has tapped podcaster Alex Cooper … Read more
Wall Street sentiment toward Foot Locker is warming up after Nike recently said it would focus more heavily on wholesale partnerships — a domain the athletic shoe retailer is a key player in. We still have reservations. Two research firms upgraded Foot Locker shares over the past week: Evercore ISI went to buy from hold … Read more
Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed … Read more
The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. Mario Tama | Getty Images Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America. Here’s how the company performed compared with what Wall Street was anticipating, based on … Read more
Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates. Here’s how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings … Read more
A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty Images Target will double its bonus payments to salaried employees this year, as the big-box retailer’s profits recover from a bumpy nearly two-year stretch. Salaried employees at the Minneapolis-based retailer receive an annual bonus, based on Target’s … Read more
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner’s same-store sales shrank for the first time since the pandemic. Shares of the company fell more than 5% in … Read more
MJ 1996 Air Jordans. Photo: Amanda Bass Sotheby’s is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic. The company on Wednesday announced its first “Sports Week,” which will include six live and online auctions with items from many of … Read more
