Consumer

Consumer

Starbucks Abruptly Dumps CEO, Poaches Chipotle Boss

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For Starbucks chief Laxman Narasimhan, the daily grind is over. The embattled coffee chain named Chipotle CEO Brian Niccol his successor.

1 min read

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Consumer

Uber Coasts to Another Quarter of Profitability

Uber returned to profitability in the second quarter, bucking macroeconomic trends and proving it can diversify its revenue streams.

2 min read
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Consumer

Temu Faces a Supplier Revolt

Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.

2 min read
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Consumer

McDonald’s Made It Official: Consumers Have Reached Their Limit

McDonald’s warned that customers might be getting sick of price hikes. It was right. Sales fell year-over-year for the first time since 2020.

1 min read

Technology

Online Education Provider 2U Files for Bankruptcy

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Pioneering online education company 2U filed for bankruptcy, even as the public writ large has gradually embraced online learning.

2 min read

Consumer

Pernod Ricard Dumps Most Wine Holdings as Grapes Sour

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Paris-based Pernod Ricard announced Wednesday that it’s selling most of its wine portfolio to a consortium of Australian wine investors.

1 min read

Consumer

America’s Biggest Non-Alcoholic Beer Company Valued at $800 Million

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Athletic Brewing Company, valued at $800 million following a $50 million fundraising round, makes craft beer that won’t get you drunk.

1 min read

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