Business

People sit outdoors at the Petite Crevette Restaurant on June 05, 2021 in the Brooklyn borough of New York City. Robert Nickelsberg | Getty Images During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options. But today, as inflation puts pressure on their wallets, consumers

The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field on May 17, 2022 in Cleveland, Ohio. George Kubas | Diamond Images | Getty Images Diamond Sports, the owner of regional sports networks, was ordered this week by a bankruptcy

A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested

Shipping containers are seen at a terminal inside the Port of Oakland. Carlos Barria | Reuters West Coast ports are shutting down as union workers “no show” after a breakdown in negotiations with port management. The Port of Oakland was shut down Friday morning due to insufficient labor for terminal operations, a stoppage that is

Worker labors on a production line at factory of Qilu Pharmaceutical (Hainan) Co Ltd on February 11, 2022 in Haikou, Hainan Province of China. Su Bikun | VCG | Getty Images The Food and Drug Administration has authorized the temporary importation of an unapproved chemotherapy drug from China in an effort to ease an acute

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel – Buy Buy Baby – may live to see another

In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Boeing employees work on the company’s Starliner capsule in preparation for the first crew flight test, Jan. 19, 2023. John Grant / Boeing Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN’s

Ukrainian forces set up Starlink satellite receivers to provide connection for civilians at Independence Square after the withdrawal of the Russian army from Kherson to the eastern bank of Dnieper River, Ukraine on November 13, 2022. Metin Atkas | Anadolu Agency | Getty Images WASHINGTON — The Pentagon said Thursday it has agreed to purchase Starlink satellite

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan.  Justin Sullivan

For several years, the terms shrink, retail crime and organized retail theft have echoed from the mouths of politicians, police officers, trade groups and the country’s most prominent retail executives. Politicians and police departments have sounded the alarm about rising retail theft, and are calling for stricter enforcement and prosecution to fight it.  Trade groups

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Halle Bailey stars as Ariel in Disney’s “The Little Mermaid.” Disney Disney’s “The Little Mermaid” hooked nearly $96 million over its first three days in North American theaters. That opening is on par with the $91 million “Aladdin” secured in 2019 on its way to

In this article WBD 4755.T-JP NFLX Follow your favorite stocksCREATE FREE ACCOUNT Scene from “Squid Game” by Netflix Source: Netflix The popularity of Netflix‘s hit drama “Squid Game” and other Korean series, as well as the recent success of films like “Minari” and “Everything Everywhere All At Once,” has helped boost the demand for Asian

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, CEO, Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, California, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a

Travelers arrive for flights at O’Hare Airport on May 25, 2023 in Chicago, Illinois. Scott Olson | Getty Images Memorial Day air travel surpassed pre-pandemic levels, showing how consumers continue to shell out for trips despite persistent inflation. The Transportation Security Administration screened 9.79 million people from Friday through Monday, up slightly from the holiday

A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland. Bill O’Leary | The Washington Post | Getty Images Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers’ minds — and wallets. “I think operators are still hopeful

In this article NFLX WBD DIS CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Disney+ logo is displayed on a TV screen in Paris, December 26, 2019. Chesnot | Getty Images Streaming was supposed to be forever. That was the promise of a digital library of movies and TV shows. Consumers got used to Netflix

In this article BYDDY ZE594-CN F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor’s largest competition in

Handout | Getty Images Entertainment | Getty Images Despite its battle with Gov. Ron DeSantis, Disney remains committed to the state of Florida. The media and theme park juggernaut is set to invest $17 billion in central Florida’s Walt Disney World hub over the next decade, which includes the potential creation of 13,000 jobs. Those

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Chairman of The Walt Disney Company Bob Iger. Drew Angerer | Getty Images Disney urged a federal court to reject a request by Florida Gov. Ron DeSantis to disqualify the judge overseeing the company’s lawsuit accusing the governor and his allies of political retaliation. Attorneys