How private equity rolled Red Lobster
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was…
Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
The explosion of private credit has been met with a whole host of concerns, but among the louder ones more…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
Norfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio,…
Biden takes credit for Target grocery price cuts: ‘They’re answering the call’
President Joe Biden took a victory lap after Target announced it was lowering prices on groceries and other items —…
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced…
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire…
