Tag: Marketwatch
Gold futures saw a modest climb on Monday, marking only their second gain in seven sessions. Prices traded lower for part of the session as Federal Reserve Chairman Jerome Powell said inflation is “much too high” and left the door open for more than one interest-rate hike of more than 25 basis points this year. […]
Taco Bell is making a vegetarian meal available on its mobile app and website starting Monday as part of the chain’s 60th anniversary celebration. The meal, created in partnership with Los Angeles-based streetwear brand Born X Raised, will include the Black Bean Crunchwrap Supreme and Spicy Potato Soft Taco. The partnership will also include a […]
Capri Holdings Ltd. CPRI, -1.19% announced Monday that Emmanuel Gintzburger has been named chief executive of the Versace luxury label, effective September 12, 2022. Gintzburger joins from Alexander McQueen where he has been CEO since May 2016. Alexander McQueen is part of the Kering KER, -0.94% portfolio. Kering announced Monday that Gianfilippo Testa has been […]
Cronos Group Inc. CRON, +3.74% CRON, +3.62% on Monday named its executive chairman Mike Gorenstein as chairman, president, and CEO of the cannabis company. The move takes effect Monday after Kurt Schmidt retired as CEO. Gorenstein previously worked as CEO of Cronos Group from 2016 to 2020, where he was named executive chairman. Jim Rudyk, […]
Berkshire Hathaway BRK.A, -1.05% BRK.B, -0.74% struck an $11.6 billion, all-cash deal to buy property-and-casualty reinsurance company Alleghany Corp. Y, -0.08%, the companies announced Monday. The $848.02 per share price is 1.26 times book value as of Dec. 31 and a 29% premium to its average price over the last 30 days, the companies said. […]
Guess Inc. GES, +1.28% responded on Thursday to proxy materials opposing the re-election of Paul and Maurice Marciano to the company’s board from activist investor Legion Partners, calling the effort a “massive distraction” to the company’s senior executives. “The company believes the foundation of Legion’s withhold campaign is based on information from the media and […]
Noodles & Co. NDLS, -1.51% said Thursday that it has added Panko Chicken made by Impossible Foods to menus in select markets. A plant-based Impossible Orange Chicken Lo Mein is also available, in addition to a traditional meat version. Customers have already responded positively to the company’s additions of Zoodles and Caulifloodles, according to Nick […]
Bond traders are doubtful about the Federal Reserve’s ability to deliver a total of at least 10 quarter-point rate hikes in the next two years without substantially undermining U.S. economic growth and employment. Treasury yields fell across the curve on Thursday — with some of the biggest declines coming in 1- and 2-year maturities. One […]
Gold futures settled higher on Thursday, putting an end to a four-session losing streak. “A combination of economic concerns, high inflation, and a dip in risk appetite on the Kremlin comments have contributed to the spike in the yellow metal,” said Craig Erlam, senior market analyst at OANDA. “At least two of these aren’t going […]
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]