Sixty years after their invention, Pop-Tarts remain beloved by consumers who bought about three billion of them in 2022. “We didn’t realize that this thing was going to go as well as it did,” said 96-year-old Bill Post, who helped develop Pop-Tarts in the early 1960s. “It went beyond any expectations we had.” Post remembers … Read more
Betsie Van der Meer | Getty If you’re a last-minute holiday shopper still checking off the remaining gifts on your list, beware: You could be putting yourself at risk for fraud. “Procrastination is, quite frankly, one of the keys to success for crooks,” Paul Fabara, chief risk officer at Visa, recently told CNBC. “They assume that … Read more
A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty Images Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. The stock was … Read more
A Chick-fil-A meal is displayed at a Chick-fil-A restaurant in Novato, California, on June 1, 2023. Justin Sullivan | Getty Images Every restaurant chain from McDonald’s to Popeyes wants to take down Chick-fil-A, but its hold over customers is tighter than ever. Since its founding in 1967, Chick-fil-A has grown to become the third-largest restaurant … Read more
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a “softer” revenue outlook for the second half of the … Read more
Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of … Read more
New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California. Justin Sullivan | Getty Images DETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to normalize from the coronavirus pandemic and other … Read more
Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. The man, disgraced former … Read more
My top 10 things to watch Thursday, Dec. 14 1. U.S. stocks are higher in premarket trading Thursday, with S & P 500 futures up 0.46%. Equities rallied Wednesday after the Federal Reserve held interest rates steady, while indicating it would cut rates three times in 2024 — a decision more dovish than I expected. … Read more
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images The chair of a powerful House committee is drilling down on Shein’s data privacy practices and its relationship with the Chinese Communist Party as the fast-fashion giant moves closer to a U.S. initial public offering. Reps. … Read more
