Tag: business news

2024-08-15

Trump economy speech Harris attacks

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Business

Republican presidential nominee former President Donald Trump speaks at a campaign event at Harrah’s Cherokee Center on August 14, 2024 in Asheville, North Carolina.  Grant Baldwin | Getty Images Republican presidential nominee Donald Trump attempted to paint a bleak picture of the U.S. economy Wednesday and pin it on his Democratic rival, Vice President Kamala Harris. But Trump frequently…

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2024-08-14

Japan Prime Minister Fumio Kishida will not run for party reelection

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Business

Japanese Prime Minister Fumio Kishida attends a State Department luncheon held in his honor in Washington, U.S., April 11, 2024.  Craig Hudson | Reuters Japan’s Prime Minister Fumio Kishida announced Wednesday he will not be running in the Liberal Democratic Party presidential election due next month. Kishida said in a press conference that it is important for the LDP…

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2024-08-14

Wall Street cheers Brian Niccol appointment

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Business

Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after…

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2024-08-14

Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol

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Business

Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, sending its stock soaring 24.5%, its best day ever. Chipotle’s stock fell over 10% on the news that Niccol would leave after a successful tenure at the burrito chain. Narasimhan’s departure is effective immediately. Starbucks CFO Rachel Ruggeri will step in as interim chief executive until…

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2024-08-13

How Macy’s store closures will change shopping malls

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Business

A customer enters a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California.  Justin Sullivan | Getty Images Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer…

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2024-08-13

GM reveals redesigned GMC Terrain as brand’s entry-level model

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Business

2025 GMC Terrain Elevation GM DETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard “Elevation” model. The compact crossover features a more rugged exterior design. It also has a new interior with 26 inches of screens, including a 15-inch center touchscreen and an 11-inch driver information cluster. Those screens…

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