In his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners. “Strategically, I don’t really see a benefit in bringing on yet another minority partner into ESPN,” Chapek said as part of the CNBC documentary “ESPN’s Fight for Dominance,” which chronicles the network’s digital ...
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 million from the offering, with ...
Hermès is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods. The proposed federal class-action lawsuit, which was filed this week in San Francisco, alleges that Hermès is violating antitrust law by making customers buy other goods ...
LIVONIA, Mich. — A small electric vehicle is having a big impact on the global automotive industry. It’s not the EV itself that’s making waves but its price — and its potential to disrupt domestic auto industries around the world. The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800 yuan (or less than $10,000), and reportedly banks a profit ...
Target is ratcheting up bonuses for salaried employees, including leaders in stores and across supply chains, thanks to a surge in profits. The move comes thanks to $2 billion in additional profit growth for 2023, a company spokesperson said in a statement Thursday. Target’s stock surged in November after having fallen for much of 2023 as the company reported it ...
WeightWatchers CEO apologizes to body positivity influencer after Oprah special on weight loss drugs
The CEO of WW, the weight loss company also known as WeightWatchers, apologized to a body positivity advocate for the company’s role in contributing to ‘toxic’ diet culture in the past. On Wednesday, WW CEO Sima Sistani posted an Instagram story video directly addressing influencer Katie Sturino, author of “Body Talk: How to Embrace Your Body and Start Living Your ...
The process of buying a home has seemingly never been simpler: Find a property on a listings website like Zillow, Redfin or Trulia; reach out to the listing agent; tour the property; and make an offer. But for years behind the scenes, experts say, consumers have not been fully aware of the ultimate cost — and potential conflicts of interest ...
If construction cranes are looming over your local airport or “Please Pardon Our Appearance” signs are decking out the terminal, it may be partly thanks to Congress and the White House. U.S. airports say money from the 2021 Bipartisan Infrastructure Law is a drop in the bucket when it comes to their funding sources and infrastructure needs. But the legislation ...
The process of buying a home has seemingly never been simpler: Find a property on a listings website like Zillow, Redfin or Trulia; reach out to the listing agent; tour the property; and make an offer. But for years behind the scenes, experts say, consumers have not been fully aware of the ultimate cost — and potential conflicts of interest ...
Three senior Boeing executives including its CEO are stepping down, the company said Monday, as the company continues to deal with an ongoing scandal and federal investigation into the safety of its passenger jets. CEO Dave Calhoun confirmed he was leaving the company by the end of the year in a statement. Stan Deal, the CEO and president of Boeing ...