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Levi beats earnings estimates but expects pressure this year from strong U.S. dollar

Levi beats earnings estimates but expects pressure this year from strong U.S. dollar

Business News

Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses.  The company said it expects sales to decline between 1% and 2%, well behind estimates of 3.7% growth, […]

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Major League Table Tennis signs first media deal with CBS Sports

Major League Table Tennis signs first media deal with CBS Sports

Business News

Major league table tennis player Debora Vivarelli Masha Zolotukhina Major League Table Tennis is going primetime. The pro table tennis league that got its start in 2023 by software entrepreneur Flint Lane has signed its first-ever national television deal with CBS Sports, the league announced Wednesday. This comes as table tennis has seen a resurgence

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Three key takeaways from Robert F. Kennedy Jr.’s Senate confirmation hearing

Three key takeaways from Robert F. Kennedy Jr.’s Senate confirmation hearing

Business News

Robert F. Kennedy Jr., President Donald Trump’s controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about past vaccine skepticism, his evolving views on abortion and grasp on sprawling federal health programs. Kennedy, 71, appeared first before the Senate Committee on Finance,

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Planet lands 0 million contract for Pelican imagery satellites

Planet lands $230 million contract for Pelican imagery satellites

Business News

An animated rendering of a Pelican satellite in orbit. Planet Satellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites. “It is a momentum-building event. … It’s both our biggest deal ever and it’s a significant

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Frontier Airlines proposes merging with fellow budget carrier Spirit — again

Frontier Airlines proposes merging with fellow budget carrier Spirit — again

Business News

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy. Frontier and Spirit first announced a deal to merge

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Mystery around top-ranked Rockefeller book grows as university publisher denies involvement

Mystery around top-ranked Rockefeller book grows as university publisher denies involvement

Business News

A print copy of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom” purchased on Amazon. CNBC The mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as its publisher. CNBC began

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Starbucks shakes up its leadership again, adding two former Taco Bell executives

Starbucks shakes up its leadership again, adding two former Taco Bell executives

Business News

Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024. CNBC Starbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on our ‘Back to Starbucks’

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Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Business News

The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a

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FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use

FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use

Business News

The Food and Drug Administration on Tuesday approved Novo Nordisk‘s Ozempic for patients with chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S.  The drug is already widely used and covered to treat Type 2 diabetes. The FDA’s decision means Ozempic can now be used to reduce the

FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use Read More »

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