Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.…
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Business
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Business
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation
by adminThe Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from…
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Business
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
by adminApple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure from…
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Business
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history
by adminAn “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday. That…
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Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth…
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Business
CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it
by adminCameo wants workers back in the office more often, and it’s paying them each $10,000 to show up. Starting this week, workers at…
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Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as executives said the company…
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The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a signal that the…
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Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase in the target…
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Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to…