Home Tags Finance

Tag: Finance

Popeyes chicken sandwich.

‘We got really fortunate’ — Popeyes’ chicken sandwich went viral thanks to a mix of luck and taste, CEO says

Popeyes sold out of the sandwiches in two weeks, someone listed one on eBay for $7,000, and one customer even killed another for cutting in line.

Many big fund managers are shunning Aramco’s $1.7 trillion IPO, citing political turmoil and environmental worries

Reuters surveyed funds with a collective $7 trillion under management, finding many want to stay away from the world's most profitable company.

Peloton’s nightmare before Christmas saw $1.5 billion vanish from the stock in 3 days

"Peloton missed the mark, and social commentary is largely negative," analysts at Raymond James said about social media backlash to the company's holiday ad.

A Warren Buffett-backed furniture maker is betting a mysterious ‘Guesthouse’ will help it take on Hermès and Chanel

"It's not going to have any of our products," Restoration Hardware's CEO said. "That usually is what twists everybody's head around a bit."

Uber’s sex assault scandal is set to wipe $1 billion from the stock

Uber released an 84-page report on Thursday disclosing data on its sexual assault cases, car crashes, and murders that took place during rides.

Germany factory output unexpectedly falls — its ‘industrial recession may be getting worse’

October's 1.7% fall means that in the last year output has fallen 5.7% — the steepest year-on-year decline since 2009.
Mark Wiseman

A top BlackRock exec was fired after having a relationship with a subordinate

"I engaged in a consensual relationship with one of our colleagues," said Mark Wiseman, who had been touted as a potential successor to CEO Larry Fink.

Goldman Sachs says that every one of its private equity clients is preparing for recession

The bank's own economists, however, say there's only a 20% chance of a recession hitting within the next year.

Google’s founders visited Warren Buffett more than a decade ago — and were so inspired they modeled Alphabet on Berkshire Hathaway

"The genesis of Alphabet is a meeting that Larry and Sergey and I had about a decade ago where we flew ... to Omaha, and we visited Warren Buffett."

Gucci’s owner has reportedly held talks to buy Moncler in a potential $12 billion deal

The Italian ski wear maker's stock soared more than 10% on the report.