Union Activists End Bid To Hijack Starbucks Board After Negotiating ‘Progress’
The Strategic Organizing Center (SOC) is withdrawing its shareholder proposal to put three union activists on the Starbucks board of directors after making progress toward a labor agreement, the Daily Caller News Foundation has learned. The group began the campaign in November, arguing that Starbucks poor relations and conflicts with its workers were hurting the […]
Target’s earnings surge despite holiday sales dip, sees sales recovery in 2024
Stacey Widlitz, founder of SW Retail Advisors, talks about Macy’s 150 store closures and shares her top retail picks on “The Claman Countdown.” Target on Tuesday reported an increase in holiday quarter profit despite a weaker-than-expected sales decline, forecasting that full-year comparable sales would significantly beat Wall Street expectations, and the market The company’s stock […]
Ousted Twitter execs sue Elon Musk for $128M in severance
Kevin O’Leary, chairman of OLeary Ventures, reacts to Elon Musk being forced to testify in the SEC investigation into his Twitter acquisition on The Big Money Show. A group of former Twitter executives filed a complaint. Lawsuit against Elon Musk The company claims it owes more than $128 million in severance payments that it refused […]
FAA audit hits Boeing 737 Max production over quality control issues
Barron’s Senior Writer Al Root joins Barron’s Roundtable to discuss the latest Boeing stock price and what to expect from the company in 2024. The US Federal Aviation Administration (FAA) announced a production audit of the aircraft on Monday. Boeing 737 Max The manufacturing process and its supplier, Spirit AeroSystems, discovered multiple instances of companies […]
Macy’s gets another, bigger bid from Arkhouse, Brigade Capital
The Barron’s Roundtable panel provides insight into investments in Macy’s, Nordstrom, and Gilead Sciences. Two investment firms sent Macy’s a larger takeover offer over the weekend. The offer to purchase all of Macy’s outstanding stock for $24 per share was made by Arkhouse Management and Brigade Capital Management. “Macy’s Inc.’s Board of Directors, in consultation […]
Doritos’ Terrifying New Brand Ambassador Makes Dylan Mulvaney Look Like Sydney Sweeney
Doritos’ horrifically terrifying new transgender brand ambassador, who allegedly has a history of endorsing pedophilia, makes Bud Light’s questionable Dylan Mulvaney decision look great in comparison. Samantha Hudson, the pseudonym for a man born as Iván González Ranedo, is a Spanish electronic music star and, apparently, the newest brand ambassador for Doritos in Spain. (RELATED: […]
Ford sales jumped in February, led by gains in hybrids and EVs
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss Ford’s decision to offer free Tesla Superchargers to EV owners through July. ford motor announced Monday that its U.S. sales rose 10.5% in February due to strong sales of electric vehicles (EVs) and hybrid vehicles. Sales of Ford’s hybrid vehicles have increased by 36.7% […]
Passengers File $1 Billion Lawsuit Against Alaska Airlines Following Door Plug Blowout
Three passengers aboard the Alaska Airlines flight which suffered a door plug ejection Jan. 4 shortly after taking off are suing the company and plane manufacturer Boeing for $1 billion for “systemic risks,” according to a press release. Passengers on Alaskan Airlines flight 1282 were en route to Ontario, California, from Portland, Oregon when a […]
Bitcoin tops $67K, continuing climb toward new record
Grayscale Investments CEO Michael Sonnenshein talks about Bitcoin’s performance and future innovation in the crypto space. Bitcoin on Monday surpassed the $67,000 level last reached in November 2021 and continued its rally towards an all-time high. The upward momentum comes as the cryptocurrency has become more accessible to investors after the Securities and Exchange Commission […]
Local Restaurants Can’t Keep Up With Minimum Wage Hikes, Inflation
Minimum wage hikes in many states around the country and sky-high inflation are crushing independent restaurants that don’t want to raise prices on their customers, according to the Wall Street Journal. In January, 22 states raised their minimum wage for hourly workers, according to the WSJ. Around 59% of small business owners said that higher […]