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Popeyes launches clothing collection inspired by Beyonce's Ivy Park brand


Created: Wed, 29 Jan 2020 12:01:02 GMT

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Popeyes will sell a limited-edition clothing line after Twitter users compared Beyonce's Ivy Park collection to the chicken chain's uniforms.

Read more: Popeyes launches clothing collection inspired by Beyonce's Ivy Park brand


Etsy doubles black, Latino hires but still has work to do, diversity report shows


Created: Wed, 29 Jan 2020 12:01:02 GMT

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"We're proud of our progress, but we know there's room to continue to expand on that," Etsy's Head of Diversity and Inclusion Elizabeth Spector Louden said.

Read more: Etsy doubles black, Latino hires but still has work to do, diversity report shows


McDonald's earnings beat Wall Street estimates, helped by price hikes as US foot traffic declined


Created: Wed, 29 Jan 2020 14:35:31 GMT

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McDonald's reported earnings Wednesday for the first time since its board fired CEO Steve Easterbrook in November for having a consensual relationship with an employee.

Read more: McDonald's earnings beat Wall Street estimates, helped by price hikes as US foot traffic declined


Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more


Created: Tue, 28 Jan 2020 23:27:58 GMT

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See which stocks are posting big moves after the bell.

Read more: Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more


Starbucks outpaces earnings estimates but warns coronavirus could hit fiscal 2020


Created: Tue, 28 Jan 2020 23:10:18 GMT

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Starbucks said it would update its fiscal 2020 outlook when "we can reasonably estimate the impact of the coronavirus."

Read more: Starbucks outpaces earnings estimates but warns coronavirus could hit fiscal 2020


Nike sells out of Kobe Bryant merchandise online, following the basketball star's death


Created: Tue, 28 Jan 2020 17:30:19 GMT

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Nike is currently evaluating how it will proceed with selling Kobe merchandise. The company had other Kobe sneaker launches in the works.

Read more: Nike sells out of Kobe Bryant merchandise online, following the basketball star's death


Record number of bets expected for Super Bowl


Created: Tue, 28 Jan 2020 15:36:24 GMT

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This year's Super Bowl will be the most legally bet on Super Bowl in history. New data by the American Gaming Association says 26 million Americans will wager approximately $6.8 billion on Super Bowl LIV, a 15% increase from last year's game as the Kansas City Chiefs face off against the San Francisco 49ers.

Read more: Record number of bets expected for Super Bowl


McDonald's unveils two chicken breakfast sandwiches to compete with Chick-fil-A


Created: Tue, 28 Jan 2020 15:52:03 GMT

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For a limited time, McDonald's customers can buy Chicken McGriddles and the McChicken Biscuit sandwich nationwide for breakfast.

Read more: McDonald's unveils two chicken breakfast sandwiches to compete with Chick-fil-A


Bath & Body Works' owner could see sales of hand sanitizer and soap rise as deadly coronavirus spreads


Created: Mon, 27 Jan 2020 20:03:46 GMT

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Bath & Body Works' owner L Brands "could experience (and meet) a meaningful demand surge as consumers race to take preventive measures to protect themselves and their loved ones," Evercore ISI analyst Omar Saad said in a note to clients.

Read more: Bath & Body Works' owner could see sales of hand sanitizer and soap rise as deadly coronavirus spreads


US companies suspend China operations, restrict travel as coronavirus outbreak spreads


Created: Tue, 28 Jan 2020 08:19:44 GMT

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Walt Disney, McDonald's, MGM Resorts and other U.S. companies are temporarily shutting down in China as the outbreak of the coronavirus continues.

Read more: US companies suspend China operations, restrict travel as coronavirus outbreak spreads


Coronavirus shutters restaurants in China, sending shares of Luckin, Starbucks lower


Created: Mon, 27 Jan 2020 17:46:16 GMT

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Shares of McDonald's, Starbucks, Yum China and Luckin Coffee were trading lower on Monday as the number of Wuhan coronavirus cases climbed.

Read more: Coronavirus shutters restaurants in China, sending shares of Luckin, Starbucks lower


Watch the Super Bowl commercials that have been released so far


Created: Tue, 28 Jan 2020 22:10:17 GMT

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Watch the Super Bowl commercials released early from Budweiser, Olay, Michelob Ultra and more.

Read more: Watch the Super Bowl commercials that have been released so far


Four analysts turned bullish on Victoria's Secret-parent L Brands. Jim Cramer isn't buying it, yet


Created: Fri, 24 Jan 2020 23:35:31 GMT

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"Turnarounds take time and you can lose a fortune while you're waiting for an intractable management to do the right thing," CNBC's Jim Cramer says about the downtrodden stock.

Read more: Four analysts turned bullish on Victoria's Secret-parent L Brands. Jim Cramer isn't buying it, yet


Trump administration cracks down on counterfeits sold on Amazon and other online retailers


Created: Mon, 27 Jan 2020 14:28:04 GMT

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A DHS report comes after Trump signed a phase one trade deal with China requiring both countries to tackle counterfeit sales.

Read more: Trump administration cracks down on counterfeits sold on Amazon and other online retailers


Walmart raises starting hourly wage to $12 in 500 stores, as part of a test


Created: Fri, 24 Jan 2020 21:14:15 GMT

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Walmart is testing a slightly higher minimum wage in a few hundred of its stores, as it rolls out a new, more flexible model for how it manages workflow within the store.

Read more: Walmart raises starting hourly wage to $12 in 500 stores, as part of a test


AutoZone's stock surged 40% in the last year. Here's how it's thriving in the era of Amazon


Created: Fri, 24 Jan 2020 17:43:05 GMT

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The auto parts retailer specializes in keeping on hand a staggeringly wide inventory of parts for all kinds of cars, and training staff to answer obscure or complex questions. Now it wants a bigger piece of the market serving professional mechanics.

Read more: AutoZone's stock surged 40% in the last year. Here's how it's thriving in the era of Amazon


Europe's $8 billion food delivery deal delayed as UK launches competition probe


Created: Fri, 24 Jan 2020 11:39:13 GMT

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Takeaway.com said the U.K. competition regulator has "reconsidered its position" on its planned takeover of Just Eat.

Read more: Europe's $8 billion food delivery deal delayed as UK launches competition probe


Procter & Gamble says it is monitoring China coronavirus and its impact on travel, consumer confidence


Created: Thu, 23 Jan 2020 17:04:49 GMT

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The Wuhan coronavirus has already killed at least 17 people in China.

Read more: Procter & Gamble says it is monitoring China coronavirus and its impact on travel, consumer confidence


Victoria's Secret parent L Brands shares rise on Barclays upgrade: 'We believe change is afoot'


Created: Thu, 23 Jan 2020 15:41:44 GMT

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Barclays on Thursday upgraded L Brands shares to overweight from underweight, and gave the retailer's stock a new price target of $30, double its previous target of $15.

Read more: Victoria's Secret parent L Brands shares rise on Barclays upgrade: 'We believe change is afoot'


NY grocer Fairway files for bankruptcy protection, will close some stores


Created: Thu, 23 Jan 2020 16:36:45 GMT

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New York-based grocery chain Fairway Market has filed for Chapter 11 bankruptcy protection and plans to shut five of its 14 locations, along with a distribution center.

Read more: NY grocer Fairway files for bankruptcy protection, will close some stores


Grubhub unveils tech for restaurants aimed at easing customer pickup orders


Created: Thu, 23 Jan 2020 14:54:23 GMT

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Grubhub announced Thursday it is launching Ultimate, which uses software and hardware to allow restaurants to offer customers the ability to order their food online or through an app for pickup.

Read more: Grubhub unveils tech for restaurants aimed at easing customer pickup orders


Procter & Gamble sales fall short, hurt by weak diaper demand, but company raises full-year forecast


Created: Thu, 23 Jan 2020 15:16:25 GMT

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Procter & Gamble reported quarterly sales that fell short of Wall Street estimates for the first time in five quarters.

Read more: Procter & Gamble sales fall short, hurt by weak diaper demand, but company raises full-year forecast


Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs


Created: Wed, 22 Jan 2020 17:24:07 GMT

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Clothing retailer Express said Wednesday that it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three years.

Read more: Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs


Coca-Cola CEO: Consumer spending is 'robust' heading into 2020


Created: Wed, 22 Jan 2020 14:44:20 GMT

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Coca-Cola CEO James Quincey said that he still believes that consumer spending is robust heading into 2020.

Read more: Coca-Cola CEO: Consumer spending is 'robust' heading into 2020


NY grocer Fairway says no plans to file for Chapter 7 bankruptcy


Created: Wed, 22 Jan 2020 15:17:53 GMT

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New York-based grocery chain Fairway Market says it has no plans to file for Chapter 7 bankruptcy, following a report that said it was preparing to do so.

Read more: NY grocer Fairway says no plans to file for Chapter 7 bankruptcy


Little Caesars to make its Super Bowl debut with ad touting new pizza delivery service


Created: Wed, 22 Jan 2020 13:50:10 GMT

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Little Caesars first ever Super Bowl ad will spotlight its new delivery partnership with DoorDash.

Read more: Little Caesars to make its Super Bowl debut with ad touting new pizza delivery service


Special dividend for shareholders is always on the table, Costco CEO says


Created: Tue, 21 Jan 2020 23:58:02 GMT

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Oppenheimer upgraded Costco's stock on Tuesday. In a "Mad Money" interview, Costco CEO Craig Jelinek said "we'll always look at" paying a special dividend.

Read more: Special dividend for shareholders is always on the table, Costco CEO says


NBA legend LeBron James teams up with Lyft on bikeshare program


Created: Wed, 22 Jan 2020 19:38:55 GMT

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Basketball star LeBron James and his company Uninterrupted are teaming up with ridesharing company Lyft to give thousands of young people across the country free access to bikes.

Read more: NBA legend LeBron James teams up with Lyft on bikeshare program


JC Penney is closing 6 stores this year. Here's where they are


Created: Wed, 22 Jan 2020 00:06:08 GMT

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J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC.

Read more: JC Penney is closing 6 stores this year. Here's where they are


Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options


Created: Tue, 21 Jan 2020 16:49:09 GMT

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Beyond Meat's stock is on pace for its best month ever, back to its May initial public offering.

Read more: Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

 
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