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Categories Business

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

February 1, 2025

Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned

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Categories Business

Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch.

February 1, 2025

Sports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public

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Categories Business

Super Bowl ads beckon up to $8 million apiece for Fox

January 31, 2025

Fox Corp. is scoring big this Super Bowl. The broadcaster has sold out of ad spots for Super Bowl 59 on Feb. 9, and

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Categories Business

Starbucks announces several changes, including plans to cut some menu items

January 31, 2025

Starbucks announced several changes, including its plan to cut some items from the food and drink menu. ‘We’ve taken steps to refocus

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Categories Business

Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House

January 30, 2025

Tesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term in the White House, with Elon Musk right by his

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Categories Business

Frontier Airlines proposes merging with fellow budget carrier Spirit — again

January 30, 2025

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 in

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Categories Business

Restaurants are rebounding — but Starbucks and McDonald’s still have work to do

January 30, 2025

Starbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for

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Categories Business

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

January 29, 2025

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

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Categories Business

Amazon taps Whole Foods CEO to oversee grocery business

January 29, 2025

Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief, wrote

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Categories Business

Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

January 28, 2025

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus

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