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Restaurants warn of weak first quarter, but say sales will pick up later this year

Restaurants warn of weak first quarter, but say sales will pick up later this year

A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images In like a lion, out like a lamb. That’s how restaurant executives envision 2025 after a rough start to the year, largely caused by freezing temperatures, wildfires and consumer caution. Many restaurant chains, like Restaurant Brands’

Restaurants warn of weak first quarter, but say sales will pick up later this year Read More »

Roku shares surge as company halves quarterly losses, adds 4 million streaming households

Roku shares surge as company halves quarterly losses, adds 4 million streaming households

Shares of Roku surged more than 10% Friday, at one point reaching a new 52-week high, on earnings that beat Wall Street expectations. In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku. Wood said the company added more than 4 million

Roku shares surge as company halves quarterly losses, adds 4 million streaming households Read More »

As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves

As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves

Brown Girl Jane’s sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves. Courtesy: Brown Girl Jane Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the

As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves Read More »

Moderna beats on revenue but loses more than expected as it scales down manufacturing

Moderna beats on revenue but loses more than expected as it scales down manufacturing

Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls.  It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline

Moderna beats on revenue but loses more than expected as it scales down manufacturing Read More »

CVS shares are up 45% this year — here’s why it may be starting to turn its business around

CVS shares are up 45% this year — here’s why it may be starting to turn its business around

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024. Patrick T. Fallon | AFP | Getty Images After a dismal 2024, CVS Health could be starting to turn itself around.  Some investors seem convinced, especially after the retail drugstore chain on

CVS shares are up 45% this year — here’s why it may be starting to turn its business around Read More »

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies to South

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai Read More »

Apple brings its TV streaming service to rival Android platform

Apple brings its TV streaming service to rival Android platform

Britt Lower and Adam Scott in “Severance,” now streaming on Apple TV+. Source:  Apple TV+ Apple TV+ is now available on Android devices as the iPhone maker on Wednesday released its video streaming service for Google’s mobile computing platform.  It’s unusual for Apple to release Android apps. The company typically focuses on software for its own

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Prebiotic soda brand Olipop valued at .85 billion in latest funding round

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Super Bowl ad of Poppi. Source: Poppi Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round Read More »

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.  Brandon Bell | Getty Images The Federal Communications Commission has alerted Comcast

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