Business

Jeff Bezos’ unfinished mega yacht towed away after egging threats

Jeff Bezos’ unfinished mega yacht was towed away from a Dutch shipbuilding yard before dawn Tuesday just weeks after Rotterdam residents threatened to pelt the luxury vessel with eggs if the city went through with plans to dismantle a landmark bridge to make way for the $500 million ship. The 417-foot long, three-masted yacht, which …

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Is anyone buying couches and beds from Wayfair anymore?

Shoppers dished out for new sofas, beds and decor, remodeled their kitchens and backyards and invested in their remote work setup. Demand was so hot that it broke global supply chains and caused lengthy delays for goods. It all meant boom times for online retailer Wayfair (W) and companies such as Williams-Sonoma (WSM), RH (RH), …

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Purina’s Fancy Feast expands into human cuisine, to open NYC restaurant

Meow-ma mia! You’ll be licking your lips, paws and fur after this dinner. Fancy Feast is expanding into human cuisine, with plans to open a pop-up Italian restaurant in New York City with upscale dishes inspired by its canned dinners of fish, chicken and beef. The Purina cat food brand’s eatery will launch this month …

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Here come the discounts at Walmart, Best Buy and Gap

Walmart (WMT), Best Buy (BBY), Gap (GPS), Target (TGT)Bath & Body Works and others are increasing promotions and lowering prices on merchandise to entice inflation-weary shoppers to buy extra goods sitting on their shelves. Rising inflation has forced many consumers to pull back — particularly low-and-middle income shoppers, several retailers say. Cash-strapped shoppers are struggling …

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The owner of Tide and Dawn has a warning about the economy

Procter & Gamble (PG)the maker of Tide, Dawn, Bounty and other leading household brands, warning that consumers were beginning to pull back on their spending as inflation mount. P&G posted 7% sales growth during its most recent quarter ending June 30, its strongest growth in years. The company was able to push through higher prices …

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Chick-fil-A faces backlash for offering North Carolina ‘volunteer’ workers chicken sandwiches

The operators of a Chick-fil-A in North Carolina have ended a controversial program in which they solicited “volunteers” to work the drive-thru in exchange for chicken sandwich vouchers The Chick-fil-A in Hendersonville, NC issued the offer last week in a now-deleted post on Facebook. “We are looking for volunteers for our new Drive Thru Express!” …

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Hershe warns it won’t be able to meet Halloween demand

Gremlins, ghouls and monsters may have trouble scaring up their usual hauls of Halloween candy during trick-or-treat runs this year, one of the largest chocolate makers warned. “We will not be able to fully meet consumer demand due to capacity constraints,” Hershey chief executive Michele Buck told analysts during a Thursday earnings call. The Hershey, …

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Billionaire Jack Ma to cede control of China’s Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth. While it only owns a 10% stake in Ant, an affiliate of Alibaba Group …

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