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Restaurants warn of weak first quarter, but say sales will pick up later this year
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn like a lion, out like a lamb.That's how restaurant executives envision 2025 after a rough start to the year, largely…
How crazy popcorn buckets became big business for movie theaters
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023.Valerie Macon | AFP | Getty ImagesFor decades, popcorn has been a staple of the movie…
CVS CEO defends pharmacy middlemen, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023.Al Drago | Bloomberg | Getty ImagesCVS Health CEO David Joyner on Wednesday…
Here’s how two apps are connecting Black-owned restaurants with new customers
Zoom In IconArrows pointing outwardsEatOkra's mobile app lists nearby Black-owned restaurants.Courtesy: EatOkraWhen Anthony Edwards Jr. and his then-girlfriend, Janique, first moved to Brooklyn in 2016, they struggled to find food that…
As Target and other retailers drop DEI programs, Black founders could face tougher battle
Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves.Courtesy: Brown Girl JaneFragrance…
Roku shares surge as company halves quarterly losses, adds 4 million streaming households
Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations.In an interview on CNBC's "Squawk Box," CEO Anthony Wood said more than half of U.S. broadband households now watch TV with…
Moderna beats on revenue but loses more than expected as it scales down manufacturing
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing…
CVS shares are up 45% this year — here’s why it may be starting to turn its business
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesAfter a dismal 2024, CVS Health could be starting to turn itself around. Some…
ESPN host Stephen A. Smith says he would be U.S. president as long as he doesn’t have to
Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future.In an interview with CNBC Sport, Smith said, "I wouldn't mind being in office."Yet, the popular television host said it is the campaigning and…
U.S. investors, Big Pharma race to find new medicines in China
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an "unprecedented" achievement: its experimental cancer drug looked more effective than Merck's Keytruda in a clinical trial. The company,…