Cracker Barrel to raise prices after sales drop, CEO admits chain ‘not as relevant’
Cracker Barrel said it plans to raise its menu prices — even as it reported a revenue drop at its restaurants for the third quarter...
‘Toxic’ lawsuit driving down value of apartments at 432 Park Avenue
A $1.5 billion luxury tower on Manhattan’s Billionaires’ Row whose residents have included the likes of Jennifer Lopez now has 18 units for sale as...
OpenAI’s Sam Altman tightens grip as he strikes Apple deal
OpenAI CEO Sam Altman has consolidated his grip on power at the tech firm that briefly ousted him last fall by striking a deal with...
Stop & Shop to close a number of ‘underperforming’ stores
Stop & Shop is planning to shutter an unspecified number of its grocery stores across the Northeast that the company said are “underperforming.” “Stop &...
Billionaire Nelson Peltz rakes in $1B after selling entire Disney stake following board fight: report
Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC News reported on Wednesday, citing...
‘Frustrated’ McDonald’s exec rips viral reports of $18 Big Mac as painting inaccurate picture of fast food titan
McDonald’s top US executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge...
Walgreens to slash prices on 1,300 items as inflation rages
Walgreens said it will slash prices on 1,300 items across its drugstores — the latest big retailer to enact discounts as consumers grow increasingly picky...
GameStop, AMC shares slide for 2nd straight day as meme-stock rally fizzles
Retail investor darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the excitement over the social media return of “Roaring Kitty,” who...
Jobless claims fall by 10K after hitting nine-month high last week
Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling...
Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple
Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire...