Why Dick’s Sporting Goods succeeded where Sports Authority failed
In 2022, the sporting goods business had an estimated market size of $67.2 billion and was enjoying its ranking as one of the fastest-growing industries in the U.S. since 2018.…
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg |…
Goldman Sachs likes Pinterest even after Q4 revenue miss, says long-term catalysts still in place
Pinterest is still on track for gains despite posting mixed fourth-quarter results, according to Goldman Sachs . Analyst Eric Sheridan reiterated his buy rating on Pinterest after its earnings announcement…
Biden plans to go after social media and kids’ mental health in SOTU speech
U.S. President Joe Biden speaks as he attends the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023. Elizabeth Frantz | Reuters U.S. President Joe Biden will take…
Goldman Sachs downgrades Tyson Foods, says poultry stock’s trajectory is uncertain after latest earnings
Goldman Sachs’ enthusiasm on Tyson Foods has cooled. Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson’s latest quarterly report showed significant underperformance across the company…
Five key economic points in Biden’s 2023 State of the Union address to Congress
President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala…
Used vehicle prices swing higher amid unseasonably strong demand in January
A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the…
Inflation Reduction Act has spurred 100,000 new green jobs so far: Here’s where they are
A quality control worker checks a solar panel at the Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia, on Thursday, Oct. 6, 2022. Elijah Nouvelage |…
Zoom to lay off 1,300 employees, or about 15% of its workforce
Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom closed up about…
Microsoft will let companies create their own custom versions of ChatGPT, source says
Microsoft plans to release software to help large companies create their own chatbots similar to ChatGPT later this year, CNBC has learned. In the two months since startup OpenAI released…