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January 18, 2020

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CNBC Business

4 restaurant chains that are opening fast-casual spinoffs

CNBC
by CNBC00
CNBC – For more and to sign up click here If you can’t beat ’em, join ’em. Fast-casual restaurant chains like Chipotle Mexican Grill and Sweetgreen have been stealing customers from full-service restaurant chains like Outback Steakhouse and IHOP. To fight back, some casual dining chains have been launching spinoff......
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New York Post

Ex-con hedgie Boaz Manor charged in $30M bitcoin fraud scheme

NYPost
by NYPost03
New York Post – For more and to sign up click here A convicted hedge-fund swindler assumed a fake name and donned a disguise to lure investors into a $30 million bitcoin fraud in New York that spanned two years, the feds alleged on Friday. Boaz Manor — a 46-year-old......
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CNBC Business

Adidas is banking on Beyonce for growth with Ivy Park athletic wear line debut

CNBC
by CNBC01
CNBC – For more and to sign up click here Ivy Park Collection with Beyonce Source: Adidas Adidas is banking on pop icon Beyonce, who’s dominated the airwaves for more than two decades, to do the same for the company with her new adidas x Ivy Park activewear collection, which......
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CNBC Business

Former Walmart exec, Royals owner David Glass dies at 84

CNBC
by CNBC01
CNBC – For more and to sign up click here Wal-Mart CEO David Glass. (Photo by Michael L. Abramson/The LIFE Images Collection via Getty Images/Getty Images) Michael L. Abramson | The LIFE Images Collection | Getty Images/Getty Images Former Walmart chief executive David Glass, who owned the Kansas City Royals......
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CNBC Business

Best Buy CEO Corie Barry being investigating for alleged misconduct

CNBC
by CNBC02
CNBC – For more and to sign up click here Corie Barry, chief executive officer of Best Buy Co., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy said Friday its board is......
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CNBC Business

OPEC secretary general says oil demand has ‘upside potential’

CNBC
by CNBC01
CNBC – For more and to sign up click here Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions......
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CNBC Business

Apple’s App Store appeals process would make ‘Kafka blush,’ entrepreneur tells Congress

CNBC
by CNBC02
CNBC – For more and to sign up click here Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple’s Cupertino, California campus. Justin Sullivan | Getty Images Technology executives said that Apple’s App Store platform has......
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CNBC Business

CDC and Homeland Security begins screening for Coronavirus at major US airports

CNBC
by CNBC00
CNBC – For more and to sign up click here Medical staff transfer patients to Jin Yintan hospital on January 17, 2020 in Wuhan, Hubei, China. Getty Images U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two......
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CNBC Business

Disney ditches Fox name from branding, emails and logos

CNBC
by CNBC03
CNBC – For more and to sign up click here View of the 20th Century Fox logo during the CinemaCon Walt Disney Studios Motion Pictures Special presentation at the Colosseum Caesars Palace on April 3, 2019, in Las Vegas, Nevada. VALERIE MACON Nearly a year after acquiring 21st Century Fox’s......
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CNBC Business

Tennessee nears anti-LGBTQ bill despite Amazon, Nike opposition

CNBC
by CNBC00
CNBC – For more and to sign up click here Tennessee Gov. Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory. Terry Wyatt | Getty Images Businesses are expressing disappointment in......
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CNBC Business

Toyota shifting Tacoma production to Mexico as it invests $13B US

CNBC
by CNBC00
CNBC – For more and to sign up click here 2020 Toyota Tacoma TRD Pro Source: Toyota DETROIT – Toyota Motor will shift all production of the Tacoma midsize pickup from Texas to Mexico as it restructures its North American footprint and invests $13 billion in U.S. manufacturing operations through......
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CNBC Business

Walmart shuffles executives after holiday season, chief merchant departing

CNBC
by CNBC03
CNBC – For more and to sign up click here Cashiers ring up shoppers at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is shuffling its executive team after the 2019 holiday season. The company’s chief merchant Steve Bratspies is set to depart,......
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New York Post

Luxury retailer Louis Vuitton buys world’s second-largest rough diamond

NYPost
by NYPost03
New York Post – For more and to sign up click here Luxury retailer Louis Vuitton has snapped up the second-largest rough diamond in history as its owner stakes a bigger claim in the high-end jewelry market. The French fashion house bought the 1,758-carat “Sewelô” diamond in a deal announced......
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CNBC Business

Boeing expected to take another big, ugly charge on 737 Max crisis

CNBC
by CNBC04
CNBC – For more and to sign up click here A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t going to be so rosy on its fourth-quarter earnings call......
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CNBC Business

Beijing posts economic data amid trade war

CNBC
by CNBC015
CNBC – For more and to sign up click here China’s President Xi Jinping raises a toast to celebrate the 70th anniversary of the People’s Republic of China at the Great Hall of the People in Beijing. NOEL CELIS | AFP | Getty Images China said Friday its economy grew......
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CNBC Business

Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer

CNBC
by CNBC05
CNBC – For more and to sign up click here Microsoft‘s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing.  But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the......
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CNBC Business

Microsoft’s carbon negative by 2030 ‘is not greenwash,’ Jim Cramer says

CNBC
by CNBC02
CNBC – For more and to sign up click here Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. “I think they can do it because, remember, they are a powerful force —......
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CNBC Business

Capitalism is ‘in jeopardy’ without climate action

CNBC
by CNBC06
CNBC – For more and to sign up click here The science is clear that environmental sustainability must factor in a corporation’s growth plans, or the capitalist and economic system the U.S. enjoys “will fundamentally be in jeopardy,” Microsoft CEO Satya Nadella told CNBC Thursday. “The corporation’s purpose is to......
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CNBC Business

Big Tech worth over $5 trillion with Alphabet joining four comma club

CNBC
by CNBC07
CNBC – For more and to sign up click here Sundar Pichai, senior vice president of Android, Chrome and Apps for Google Inc., speaks during the Google I/O Annual Developers Conference in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Even as regulators bear down on the......
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CNBC Business

Gap no longer plans to spin off Old Navy, Gap brand CEO to depart

CNBC
by CNBC09
CNBC – For more and to sign up click here Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Gap Inc. has called off plans to split Old Navy into a separate public company, the company announced in a press release Thursday. The apparel......
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