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Economy

Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia

January 14, 2025

Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal represents a reversal from previous plans to build an arena in the Center City district of Philadelphia. Harris Blitzer and Comcast Spectacor have entered into […]

Economy

Barry’s Bootcamp announces new investment as others exit boutique fitness category

January 14, 2025

As the boutique fitness sector starts to buckle, Barry’s Bootcamp on Monday announced new investment from Princeton Equity Group. “The reason why this [boutique fitness] works for Barry’s is that our positioning in the marketplace is premium,” said Joey Gonzalez, Barry’s co-CEO, in an interview with CNBC. “We always want to minimize risks to any […]

Economy

SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty

January 14, 2025

The Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to their brokerage operations. The violations by Robinhood Securities LLC and Robinhood Financial LLC are related to failures to report suspicious trading in a timely manner, […]

Economy

Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia

January 14, 2025

Economy

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

January 12, 2025

Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began lifting their pandemic lockdowns, Chuck E. Cheese’s parent company CEC Entertainment filed for Chapter 11 bankruptcy protection. It emerged from bankruptcy months […]

Economy

McDonald’s to close three CosMc’s locations — and open two more

January 12, 2025

McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in the Chicago suburb of Bolingbrook, followed by six more in Texas. McDonald’s has converted larger namesake restaurants into CosMc’s, in addition to building smaller prototype locations. The smaller stores work […]

Economy

Microsoft confirms performance-based job cuts across departments

January 11, 2025

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus on high-performance talent,” a Microsoft spokesperson said in an email to CNBC on Wednesday. “We are always working on helping people learn and grow. When people are not performing, we take the […]

Economy

Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service

January 11, 2025

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” they said in the statement. “In an ever-changing marketplace, we determined that it was […]

Economy

Vince McMahon settles with SEC over hush money agreements as civil assault case continues

January 11, 2025

The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges that he failed to disclose payment agreements related to sexual assault charges. Meanwhile, a woman suing McMahon and the WWE said she was pressing on with her civil case related to […]

Economy

Meta announces end of its DEI programs. Read the memo.

January 11, 2025

Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse candidates, the latest dramatic change ahead of President-elect Donald Trump’s second White House term. Janelle Gale, Meta’s vice president of people, made the announcement on the company’s Workplace internal communications forum. Among the […]

Economy

Tariff threat looms over the year’s biggest electronics show

January 10, 2025

Tech companies big and small are offering bold visions of artificial intelligence-infused products that could be headed into our everyday lives soon. Unless tariffs trip them up. That’s the message from the head of the Consumer Technology Association, which is holding its annual electronics show in Las Vegas less than two weeks before Donald Trump […]

Economy

Dockworkers union, port companies reach tentative 6-year deal

January 10, 2025

Tens of thousands of dockworkers reached a tentative agreement Wednesday on a new, six-year contract with the U.S. Maritime Alliance, which represents 14 major ports from Boston to Miami and along the Gulf Coast from Mobile, Alabama, to Houston. Both sides say the tentative agreement will avoid a looming strike at midnight Jan. 15. “We […]

Economy

Disney says about 157 million global users are streaming content with ads

January 10, 2025

Disney said Wednesday it has an estimated 157 million global monthly active users watching ad-supported content across its streaming platforms — Disney+, Hulu and ESPN+. That number includes 112 million users domestically and is an average per month over the last six months. While traditional TV outlets have a standard way of measuring ratings and viewership, […]

Economy

Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

January 9, 2025

Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny. The move comes at a time when the licensed visual content industry is facing threats from generative AI tools such as […]

Economy

Panera Brands CEO steps down; CFO to fill in as interim chief

January 9, 2025

Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles. Panera Brands CFO Paul Carbone will step in as interim chief executive while the board searches for a permanent replacement […]

Browse category by Economy

Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia

Barry’s Bootcamp announces new investment as others exit boutique fitness category

SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty

Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

McDonald’s to close three CosMc’s locations — and open two more

Microsoft confirms performance-based job cuts across departments

Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service

Vince McMahon settles with SEC over hush money agreements as civil assault case continues

Meta announces end of its DEI programs. Read the memo.

Tariff threat looms over the year’s biggest electronics show

Dockworkers union, port companies reach tentative 6-year deal

Disney says about 157 million global users are streaming content with ads

Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

Panera Brands CEO steps down; CFO to fill in as interim chief

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