Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going on for two weeks, and at this stage we’re taking the right decision at this moment. … I think it’s very difficult
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In this article MCD A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir
In this article M Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department
In this article VOW3-DE VW ID. Buzz VW Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automaker on Wednesday finally unveiled the electric vehicle as a 21st-century descendent of its T1 Microbus. VW has
In this article GM PCG’A General Motors on Tuesday announced a pilot program with Pacific Gas and Electric Co. in California that would make its electric vehicles capable of powering a home in the event of a power outage or grid failure. “This is really significant because it’s another benefit of owning an electric vehicle,”
Calvin Ridley #18 of the Atlanta Falcons warms up prior to a preseason game against the Miami Dolphins at Hard Rock Stadium on August 21, 2021 in Miami Gardens, Florida. Michael Reaves | Getty Images The National Football League suspended Atlanta Falcons wide receiver Calvin Ridley through the 2022 season for betting on games, Commissioner
Nurse practitioner Deborah Beauplan administers a COVID-19 swab test at a drive-thru testing site set up for Suffolk County, New York. Newsday | Getty Images The U.S. has a long way to go before the pandemic is over and life returns to semblance of normalcy as deaths from Covid-19 remain far higher than seasonal respiratory
In this article GLEN-GB TSLA The Aston Martin Rapide E electric vehicle on display at the Auto Shanghai 2019 show in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Aston Martin is to work with Britishvolt on the development of “high performance battery cell technology,” as the carmaker gears up to launch a battery-electric
In this article .SPX XLE With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s biggest crude oil producers, crude oil prices and energy stocks are an area
In this article DIS A sample of cocktails available onboard the Halcyon. Disney Thrill-seekers of all ages are excited to return to theme parks, but gravity-defying rides and immersive attractions aren’t the only things they have an appetite for. In the last two decades, food and beverage offerings have become an increasingly important part of
In this article F Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images In the biggest deal it has done in a long time, Ford Motor Co. decided to split its electric-vehicle business
Recent upticks in traffic deaths have sparked worry among safety advocates, government officials and even the industry itself. The toll — 1.36 fatalities per 100 million vehicle miles traveled — has been called “a national crisis” by U.S. Secretary of Transportation Pete Buttigieg. That said, riding in cars is currently far safer than it was
Currently less than 1% of fresh produce is grown through hydroponics systems versus open-field agriculture, but this segment is forecast by Mordor Intelligence to grow by nearly 11,% or about $600 million, by 2025. Fifth Season Next to the last steel mill in the poor industrial town of Braddock along the Monongahela River just nine
In this article DIS People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt Disney Imagineering and the famous Brand Boulevard, could be the last city in California to build a fossil-fueled power plant. The
The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announced two days ago, is set to take over the data-analytics software maker and join its board April 11. Splunk had been without a permanent
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jersey Gov. Phil Murphy on Friday said large-scale mitigation measures are no longer needed to fight Covid, lifting a public health emergency order
Roman Abramovich, owner of Chelsea, waves at fans after the UEFA Champions League Final between Manchester City and Chelsea FC at Estadio do Dragao on May 29, 2021, in Porto, Portugal. Alex Livesey – Danehouse | Getty Images Sport | Getty Images Billionaire Russian oligarch Roman Abramovich has embarked on a fire sale of his
Nearly all of Afterpay‘s customers repaid their installments in 2021, Block CFO Amrita Ahuja told CNBC on Thursday when questioned about the Cash App parent’s acquisition of the buy-now, pay-later service. “What I will say about losses, is that the team has actually been incredibly deliberate in managing consumer losses as an input rather than
Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Brandon Sanderson asked folks on Kickstarter for $1 million to self-publish four novels he wrote during the pandemic. They funded him in 35 minutes. Two days later, Sanderson’s campaign has topped $19 million from more than
In this article F Employees work on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images Wall Street hailed Ford Motor’s plans to internally separate its legacy and electric vehicle businesses, announced