Tag: Breaking News: Business
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Restaurant Brands International earnings beat as Burger King’s U.S. business soars
Burger King’s U.S. business reported same-store sales growth of 8.5%.
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Jim Cramer says the market’s biggest opportunities have room for multiple winners
CNBC’s Jim Cramer said not to make the mistake of treating fast-growing industries as winner-take-all markets because multiple companies can succeed.
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Shopify exec says AI is ushering in a ‘golden age of entrepreneurship’
Shopify President Harley Finkelstein said AI is making it easier for entrepreneurs to launch and grow businesses.
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Hollywood is cranking out billion-dollar movies again. Spider-Man just joined the ranks
Box office analysts say the resurgence of billion-dollar releases bodes well for a film industry that’s still chasing pre-Covid levels, even with higher prices.
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E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double.
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Tanger CEO says World Cup drove up traffic, sales this summer
Tanger CEO Stephen Yalof told CNBC that the company saw increased store traffic and sales this summer because of the World Cup.
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Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
The upstart salad chain aimed to take on Sweetgreen and expanded rapidly under the ownership of Volt Investment.
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How Disney parks are bucking a travel slowdown
Disney posted record quarterly revenue at its parks division despite a continued slump in international travel to the U.S.
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Amazon’s Zoox to launch paid robotaxi service in Las Vegas on Aug. 10
It’s the company’s first commercial market after Zoox started offering free rides to the public in parts of Las Vegas and San Francisco less than a year ago.
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Disney weighs free ad-supported streaming, says it has sold out Super Bowl ad spots
Disney is considering a free streaming product as advertising takes a bigger role in making streaming profitable.
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