Berkshire Hathaway settles suit with Haslam family over truck-stop company
Berkshire Hathaway settled a billion-dollar lawsuit with the Haslam family over how Berkshire accounted for the value of Pilot Travel…
From FedEx to airlines, companies are starting to lose their pricing power
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…
Man pleads guilty in stock fraud case involving $100 million New Jersey deli
A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company…
Macy’s shares surge 21% after it receives $5.8 billion buyout offer
Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told…
‘Stop the price gouging’: Biden hits corporations over high consumer costs
President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…
Burberry shares sink 9% as luxury spending slowdown bites
LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will…
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling…
Amazon unveils buy now, pay later option from Affirm for small business owners
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…
Supermarket bank branches are closing 7 times faster than other locations
American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid…
