Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B
Coach parent Tapestry will acquire Capri Holdings for $8.5 billion in cash to create a U.S. fashion house that can compete with larger contemporaries in Europe.
McDonald's gets sales boost from Grimace, higher menu prices
McDonald's exceeded Wall Street expectations on Thursday and said its global comparable sales added 11.7% in the second quarter, beating analysts' average estimate of an 8.88% increase.
American Express reports record spending: ‘We feel really confident’
American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.
Mom-and-pop restaurant revolt forces Big Tech vendor Toast to rescind its surprise fees on American diners
Big Tech restaurant point-of-sale vendor Toast Inc. was forced to rescind its sudden new fees on consumers following a nationwide revolt by mom-and-pop restaurateurs.
US regulators planning major antitrust lawsuit against Amazon: Report
The FTC is reportedly planning to take legal action Amazon.com's online marketplace for rewarding online merchants that use its logistics services and penalizing firms that don't.
States with highest, lowest credit card debt burdens ranked in new report
A report by CreditCards.com found that Mississippi had the highest credit card debt burden in the U.S. when factoring in household income while Massachusetts had the lowest.
Cava CEO talks multistate expansion after IPO win
Cava's IPO is paving the way for the fast-casual restaurant chain to expand across the nation with a big planned push in the Midwest, according to the company's CEO.
Right to repair laws gain steam, gives more options to consumers
The 'right to repair' laws will make it easier and cheaper for consumers to fix their electronics, but advocates say while it may be a win, some businesses hope for a federal fix.
Target shares downgraded again on sales concerns
Target shares have been hit with a series of downgrades as consumer pushback on the retailer’s Pride merchandise continues. Citi lowered Target to neutral from buy on Friday.
Self-checkout machines now ask for tips in latest squeeze on customers
Some companies are benefiting from introducing a new tipping option at self-checkout machines, leaving customers surprised and feeling obligated to leave a tip.
Sweetgreen changes name of chicken burrito bowl, two days after Chipotle sues
Sweetgreen announced it will rename its new menu item, the Chipotle Chicken Burrito Bowl, to Chicken + Chipotle Pepper Bowl after Chipotle Mexican Grill sued the fast casual restaurant chain in a California Federal Court for violating their trademark rights.
Honda recalls 564,00 CR-Vs
Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.
McDonald's shares hit all-time high
Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades.
Consumer confidence rebounds amid inflation, bank crisis
A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up in March, rising to 104.2 from 103.4 in February.
FCC adopts first rules cracking down on text messaging scams
The Federal Communication Commission (FCC) announced its first regulations that specifically target robotext messages used to promote phishing links and install malware.
Tesla hit with antitrust class action lawsuits over monopolization of repairs, replacement parts
Tesla is facing a pair of class action lawsuits that accused the company of making it more difficult for drivers to seek maintenance or replacement parts from independent repair shops.
Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
Jobless claims rise sharply to highest level since December
Applications for U.S. unemployment benefits last week climbed to the highest level since late December, pointing to some softness in the labor market.
Snacking frenzy pushing Campbell’s Goldfish to $1B brand
Campbell Soup Company delivers on quarterly earnings and beats Wall Street expectations on 2023 guidance despite ongoing inflation and threat of recession.
Tesla under investigation; steering wheels falling off
Tesla is under investigation by the National Highway Traffic Safety Administration after complaints steering wheels for the Model Y vehicle have fallen off.



















