NEW YORK — Much has changed in the food and beverage market since Blue Apron Holdings, Inc. was founded a decade ago. A pioneer in the meal kit delivery category, the company underwent an initial public offering (IPO) in 2017 that valued the business at $1.9 billion and then watched […]
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CARNIVAL CORPORATION & PLC PROVIDES THIRD QUARTER 2022 BUSINESS UPDATE
MIAMI, Sept. 30, 2022 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides third quarter 2022 business update. U.S. GAAP net loss of $770 million and adjusted net loss of $688 million for the third quarter of 2022. Adjusted EBITDA for the third quarter of 2022 was over $300 […]
Intel’s Dividends Can Hold Up, But The Business Faces Uncertainty In The Future
First published on Simply Wall St News Summary: Intel’s production expansion is projected to cost more than $120b, and will be partly supported by the U.S. Chips act. The next few years are expected to be negative for earnings and cash flows as the company invests in fabs. Intel can […]
Spam’s popularity is on the rise again
New York CNN Business — Spam is cool. The 85-year-old canned block of meat has undergone a cultural reinvention. Hormel (HRL) has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it […]
‘The business has to transition’
Amid soaring inflation and intense competition, Smashburger is turning towards tech innovation to stand out. “The business has to transition,” Smashburger President Carl Bachmann told Yahoo Finance Live (video above), adding that the pandemic accelerated the need for services like virtual drive-thrus, digital ordering, and contactless options. The brand, which […]
Facebook scrambles to escape death spiral as users flee, sales drop
Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Saul Loeb | AFP | Getty Images A year ago, before Facebook had turned Meta, the […]
Amazon announces a second Prime Day sale that will take place next month
Amazon is hosting another Prime Day-like deal bonanza next month, marking the first time it will hold two such events in the same year. The company said Monday that the event, which it’s calling the “Prime Early Access Sale,” will take place Oct. 11-12. The event is only open to members […]
Iran’s sweeping internet blackouts are a serious cause for concern
CNN Business — When Iranian authorities pulled the plug on the internet in 2019 amid anti-government protests, the international community struggled to track the civilian carnage that followed. The people of Iran had taken to the streets to demonstrate after fuel prices surged as much as 300% overnight. The New […]
Two key questions as Congress scrutinizes records from Trump’s accountant
The New York attorney general’s lawsuit against Donald Trump last week revealed new details about the former president’s finances, but a Congressional probe could soon unveil additional documents that he’s long been trying to shield from public view. The accounting firm Mazars Group, which handled Trump’s account for decades, has […]
Trump criminal referral sent to prosecutors and IRS by Letitia James
New York Attorney General Letitia James said Wednesday her office believes it has uncovered federal crimes by former President Donald Trump and others, including bank fraud and lying to financial institutions. James said her office has sent a criminal referral to federal prosecutors in Manhattan and the IRS. The revelation […]
The historic streak of falling US gas prices is over
After sinking every day for more than three months, US gas prices edged higher — by a penny — to $3.68 a gallon, on average Wednesday, according to AAA. That ends 98 consecutive days of falling pump prices, the second-longest such streak on record going back to 2005. The last […]
New York AG sues Trump and 3 of his children for business fraud
New York state Attorney General Letitia James on Wednesday announced she is suing former President Donald Trump and three of his children for fraud stemming from her long-running civil investigation into the Trump Organization’s business dealings. “I am announcing today that we are filing a lawsuit against Donald Trump for […]
New York sues Donald Trump, Trump Organization for fraud
New York Attorney General Letitia James on Wednesday sued former President Donald Trump, the Trump Organization, three of his adult children and others for allegedly widespread fraud involving years’ worth of false financial statements related to the company’s business. The 220-page civil lawsuit filed in Manhattan Supreme Court seeks at […]
Amarillo area business news and developments for Sept. 18, 2022
NNSA names Alvarado as Production Office Deputy Field Office Manager The National Nuclear Security Administration (NNSA) has named Carlos Alvarado as Deputy Field Office Manager for the NNSA Production Office (NPO). NPO serves as the federal oversight for the Pantex Plant in Amarillo and the Y-12 National Security Complex in […]
Rumble Completes Business Combination with CF Acquisition Corp. VI
Rumble Stock to Trade on the NASDAQ Stock Exchange Under the Symbol “RUM” Rumble Retains Nearly All Cash in Trust Due to Total Redemptions of 0.1% LONGBOAT KEY, Fla. and NEW YORK, Sept. 16, 2022 /PRNewswire/ — Rumble Inc. (“Rumble”), the video-sharing platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) […]
NextEra, Danaher, Rhythm Pharmaceuticals and more
Check out the companies making headlines after hours. NextEra Energy — Shares fell 3% in extended trading after the company announced its intent to sell $2 billion in equity units. Each equity unit will be issued in the amount of $50 and will consist of a contract to purchase NextEra […]
Median mortgage payment up 66% from a year ago at today’s average interest rate
Check out what’s clicking on FoxBusiness.com The average rate for a 30-year fixed mortgage topped 6% this week for the first time since late 2008, and the latest data shows the staggering impact a combination of rising rates and elevated home prices has on home affordability. After Freddie Mac reported […]
Weinberger: Champlain Housing Trust to manage Elmwood Emergency Shelter
Vermont Business Magazine Today, Mayor Miro Weinberger announced that Champlain Housing Trust (CHT) will manage and operate the Elmwood Emergency Shelter Community. The Champlain Valley Office of Economic Opportunity will provide services for the guests. The Shelter, projected to open in November, will play an essential role in addressing homelessness […]
Wolfspeed to build chip manufacturing plant in Chatham Co, NC
Wolfspeed, a Durham silicon chip manufacturer, will build a massive new factory in Chatham County — an investment that’s expected to pour $5 billion into the growing rural county and create 1,800 new jobs. The company said Friday that the $5 billion is a record for a project receiving state […]
CASE Construction Equipment Names Real Turf Solutions, of Fort Valley, Georgia, as the Winner of the 2022 CASE Kickstart Business Development Contest
Local landscaping business, which embodies CASE’s commitment to being a company on the move & delivering real-world innovation, wins six-month use of a CASE CTL & a year of business mentoring RACINE, Wis., Sept. 9, 2022 /PRNewswire/ — Some horsepower-enhanced news is breaking today in Fort Valley, Ga. (population 8,817) […]