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Back-to-school spending persists despite economic pressure, consumer survey says

Back-to-school spending persists despite economic pressure, consumer survey says

Business News

A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Families are not holding back on back-to-school spending this year, despite growing economic pressure, according to a new PwC consumer survey. […]

Back-to-school spending persists despite economic pressure, consumer survey says Read More »

McDonald’s and Krispy Kreme will end doughnut partnership next month

McDonald’s and Krispy Kreme will end doughnut partnership next month

Business News

Glazed Krispy Kreme doughnuts. Joe Raedle | Getty Images News | Getty Images Krispy Kreme and McDonald’s are ending their partnership for good. The chain will stop selling its doughnuts at McDonald’s restaurants on July 2, the companies said in a press release Tuesday. McDonald’s USA’s Chief Marketing and Customer Experience Officer Alyssa Buetikofer said

McDonald’s and Krispy Kreme will end doughnut partnership next month Read More »

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Business News

Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24. Courtesy: Flightradar24 Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict. At least six commercial aircraft turned around near

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New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’

New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’

Business News

Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025. Stellantis DETROIT — “Mediocrity is not worth the trip.” That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the

New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’ Read More »

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20%

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20%

Business News

The “Wegovy” brand slimming syringe is sold in the Achat pharmacy in Mitte. The “Wegovy” slimming syringe has been available in Germany for a year. Jens Kalaene | Picture Alliance | Getty Images Novo Nordisk on Monday said it is ending its collaboration with Hims & Hers due to concerns about the telehealth company’s sales

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20% Read More »

Major U.S. health insurers say they will streamline controversial process for approving care

Major U.S. health insurers say they will streamline controversial process for approving care

Business News

UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023. Patrick T. Fallon | Afp | Getty Images Health plans under major U.S. insurers said Monday they have voluntarily agreed to speed up and reduce prior authorizations – a process that is often a major pain point for patients and

Major U.S. health insurers say they will streamline controversial process for approving care Read More »

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home

Business News

Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home Read More »

The U.S. added a thousand new millionaires a day in 2024: report

The U.S. added a thousand new millionaires a day in 2024: report

Business News

Mercer Island, a wealthy enclave just outside Seattle. Danita Delimont | Gallo Images Roots Rf Collection | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The United States is

The U.S. added a thousand new millionaires a day in 2024: report Read More »

Los Angeles Lakers owners sell majority stake in the team at billion valuation

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation

Business News

Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation Read More »

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