Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot […]
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years. Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data
More office space is being removed than added for the first time in at least 25 years Read More »
Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty Images Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank
Byron Allen puts broadcast TV stations up for sale Read More »
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024. Katelyn Mulcahy for SailGP Fans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team. SailGP is working with gaming companies DraftKings in
SailGP launches sports betting with DraftKings and Bet365 Read More »
Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time. He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives back to students in Oakland, California. Yet, even the Golden State Warriors
4-time NBA champion Stephen Curry says even he suffers from impostor syndrome Read More »
A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. Vincent Alban | Reuters Consumers who hoped tariffs would not
Here are the retailers raising prices as Trump tariffs take hold Read More »
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan
This is why Jamie Dimon is so gloomy on the economy Read More »
American Airlines new business-class suite. American Airlines DALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin. Next week, American Airlines plans to start flying its upgraded business-class “suites” that feature
Caviar and privacy: Airlines’ business-class wars are here Read More »
Key Points Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out
Summer rentals in the Hamptons are down 30% Read More »
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Costco on Thursday posted quarterly earnings and revenue that topped estimates as its sales climbed 8%. Here’s how the warehouse club retailer did in its fiscal third quarter compared with what Wall
Costco tops earnings and revenue estimates as sales jump 8% Read More »
