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Starbucks to lay off 1,100 corporate workers as sales sag

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said…
Investing

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday….
Investing

Amazon surpasses Walmart in revenue for the first time

Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the…
Investing

CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it

Cameo wants workers back in the office more often, and it’s paying them each $10,000 to show up. Starting this week, workers…
Investing

Hasbro says it’s taking steps to offset China tariff effects

Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as executives said the…
Investing

Meta approves plan for bigger executive bonuses following 5% layoffs

Executives at Meta stand to get bigger bonuses this year.  The company said in a corporate filing Thursday that it had approved “an increase in the…
Investing

SEC dropping crypto lawsuit, Coinbase says

The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a signal that…
Investing

Walmart is getting a bump from a surprising cohort: Wealthier shoppers

Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping…
Investing

JetBlue talking to ‘multiple airlines’ about a new partnership

JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president…
Investing

Walmart says it’s ‘not going to be completely immune’ from Trump’s tariffs

Walmart would likely see some impact from tariffs President Donald Trump is seeking to impose, especially if ones threatened against Canada and…
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