Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Shares of Delivery Hero closed higher on Monday, reversing earlier losses, as investors reacted to preliminary financial results released by the company. Shares of the company provisionally closed 4.5% higher, having
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Boxes of Novo Nordisk’s weight-loss drug Wegovy in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters Danish drugmaker Novo Nordisk‘s parent company, Novo Holdings, on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the highly popular weight loss injection Wegovy and diabetes
Tristan Fewings/Getty Images LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian Dunkerton is considering taking it private. The stock peaked at 48.55 pence (62 cents) per share shortly before 11 a.m. London time and was last trading at around 46 pence
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s Herald Square, Macy’s got ready to
Kathrin Ziegler | Digitalvision | Getty Images “Sorry I am dead.” This is how Doug Boneparth, a certified financial planner, starts what he calls a “death note” to his wife, Heather. Such a document, he says, is distinct from other estate planning cornerstones like drafting a will, which lays out one’s wishes for how to
A man drinks a coke and eats a Big Mac at a McDonald’s in Cologne, Germany, on May 25, 2015. Oliver Berg | picture alliance | Getty Images McDonald’s has upgraded its burgers — but it’s unclear if its sales will get the same boost. The fast-food giant has outperformed its rivals in recent quarters,
Cavan Images | Cavan | Getty Images “Financial sextortion,” a type of cybercrime that targets teens and tweens, is on the rise. Reports of financially motivated sextortion involving minors increased at least 20% from October 2022 to March 2023 relative to the same six-month period the prior year, the FBI said in January. “Sextortion is
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images At Ample’s manufacturing facilities in the Bay Area, employees work on the floor alongside robots, making battery packs and other parts for its EV battery-swapping technology. The job is clean, high-tech and skilled — all
Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks within the broader ETFs that they have available that [are] tied to the S&P 500 or even the Nasdaq 100,” the firm’s head
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. They’re expected to grow to more
Spotify has reached a multi-year extension with top podcast The Joe Rogan Experience, securing an important talent relationship but also shifting to a non-exclusive distribution plan for the show. Rogan’s podcast will stream on Spotify, but also will also be available on Apple, Amazon and YouTube under the revised distribution strategy that Spotify began pursuing
CNN announced on Wednesday January 24th in a headline that “The US and Iran are dangerously close to confrontation in the Middle East.” To support their point, CNN listed where America and Iran operate. First they focused on areas where Iran’s proxy armies are on the attack. The list of these nations is disturbing: Lebanon, Iraq, Syria, Yemen,
“The Korean peninsula is dashing toward the cliff of a nuclear war,” says the North Korean government publication Rodong Sinmun. Here’s why. For 73 years, the goal of North Korea has been to swallow South Korea in a “peaceful reunification.” On Monday, January 15th, that changed. Forty-year-old North Korean dictator Kim Jong Un gave a speech
England’s Morrisons, a 470-store British supermarket chain, has tried something innovative but disturbing. In a few of its stores over the Christmas season, it installed a robotic intrusion detector designed to act as a night watchman on construction sites, in mines, and on farms. Morrisons tried this machine to detect, not trespassers, but shoplifters. The robotic
Fidelity, which helped Elon Musk acquire the platform formerly known as Twitter in late 2022, announced that its stake in the company has fallen 72% in that time, according to an analysis by Bloomberg. In November, Fidelity said its current stake in X was worth $5.6 million in November, a 72% drop from the value
Price cuts to lure shoppers helped supermarkets rake in record revenues ahead of Christmas, according to industry data. Kantar Wordpanel, which tracks sales and prices among chains, said £13.7bn passed through tills or via websites over the four weeks to 24 December. It took average household grocery spending to an all-time high of £477 across
Shares in EchoStar were flat Tuesday morning on the first day of trading since the closing of the wireless firm’s merger with Dish Network. The all-stock deal, announced last summer, officially closed on Sunday. Dish had been its own separate entity since being spun off by EchoStar in 2008. The reunion offers Charlie Ergen a
Two of the world’s largest container ship operators have extended diversions from the Red Sea following an attack on a vessel at the weekend that has been blamed for a renewed oil price volatility. Maersk had suspended, on Sunday, sailings near or via the Suez Canal after one of its giant carriers, the Maersk Hangzou,
As of today, the traditionally protective Walt Disney Co will have to deal with an onslaught of Mickey Mouse parodies, mockeries and likely rather explicit variations as the iconic character slips into the public domain. Sorta. In the sober light of 2024, Steamboat Willie, the 1928 short that effectively launched the empire that Walt built,
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