Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal to take the sandwich chain public again, citing market conditions. In November, the parent company of the sandwich chain, Caribou Coffee and Einstein Bros.
Business
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues, but showed improvement from
In this article KSS People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated
In this article WMT Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to respond to a Supreme Court decision that ended the federal right to an abortion. “We are working
Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee. Seth Herald | Getty Images Donald Trump’s media company was subpoenaed by a federal grand jury in connection
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Fourth of July holiday weekend will put airlines to the test after a messy spring angered travelers and drew sharp criticism from Washington. Already this year, the rate of flight cancellations and delays in June is higher than before
In this article KSS FRG A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk’s company to further expand the service. “Authorizing a new class of
In this article SAVE JBLU ULCC A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for
In this article RH Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company now sees annual sales down between 2% and 5%, compared with
In this article LGF.A Liberty Media’s John Malone Michael Kovac | Getty Images Starz wasn’t John Malone’s most successful investment. But it may be his most symbolic. The media mogul once controlled Starz as an independent company. In 2016, he merged it with Lionsgate, another company he owned a piece of at the time. A
In this article ULCC JBLU AAL A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines‘ shareholders vote on a
In this article TGT A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in
In this article DIS Bob Chapek, Disney Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The
Pedestrians view the holiday windows at a store in New York, on Thursday, Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images Summer vacation season is just getting started, but retailers are already gearing up for the holidays. In coming weeks, companies will get early clues about how the all-important holiday shopping season will
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president
CNBC’s Jim Cramer on Monday told investors that while the market remains volatile as it receives contrasting signals about the state of inflation, the seesawing could give way to a soft landing. “The news is precarious. It could go either way. But maybe that’s what we need to see if we’re going to have a
Travelers wait to board a plane at Miami International Airport in Miami, Florida, on April 22, 2022. Daniel Slim | AFP | Getty Images Airlines and the Federal Aviation Administration are pointing the finger at each other over a rising rate of flight cancellations and delays, just as millions prepare for a July 4th travel
Container cargo ships sit off shore from the Long Beach/Los Angeles port complex in Long Beach, CA, on Wednesday, October 6, 2021. Jeff Gritchen | MediaNews Group | Getty Images Armed with little more than a computer, hackers are increasingly setting their sights on some of the biggest things that humans can build. Vast container
Thousands take to the streets to protest in New York City. Anadolu Agency | Anadolu Agency | Getty Images The Supreme Court ruling overturning Roe v. Wade is not only splitting the country into states where abortion is legal and illegal. It is also illustrating sharp divisions between anti-abortion states on whether to allow exceptions