Campbell’s Co. CEO Mark Clouse is set to retire and join the Washington Commanders as president in January. He led a transformation at Campbell’s, which rebranded this fall. The company expects growth in net sales and earnings per share for fiscal 2025. Mick Beekhuizen will take over as CEO of Campbell’s. Clouse looks forward to … Read more
Pre-budget jitters have caused the cost of government debt to increase, despite the Chancellor’s efforts to avoid a repeat of past budget meltdowns. Government bonds, or gilts, are a key indicator of investor confidence in the UK economy and its leadership. The Chancellor is hoping that Rachel Reeves’ Budget will promote growth without scaring away … Read more
Boeing is reportedly considering selling portions of its space business, including its troubled Starliner program, to streamline operations. The company is facing technical problems and development delays, with over $1.8 billion in cost overruns. NASA astronauts who used the Starliner remain stuck on the International Space Station, with plans to return on SpaceX’s Crew Dragon … Read more
Former President Trump addressed questions from Georgia women voters during a town hall on ‘The Faulkner Focus.’ A new report by Bankrate found that child care costs for full-time center-based care for one infant costs at least 10% of a median family’s annual income in nearly every state. Child care has become one of the … Read more
Entrepreneurs may feel stuck and unfulfilled in their successful businesses due to a shift from innovation to management, an identity crisis, or evolving goals. To rekindle their passion, entrepreneurs can delegate tasks, align with core values, set SMART goals, and jump to the next S-curve of innovation by starting new ventures. Building a strong team, … Read more
McDonald’s is facing challenges as they work to contain an E. coli outbreak linked to their Quarter Pounder burgers. Sales have fallen, lawsuits have been filed, and investigations are ongoing to determine the source of contamination. The outbreak comes at a time when McDonald’s is trying to boost sales with value meal promotions. Experts believe … Read more
A survey by consulting firm AlixPartners reveals that shoppers expect consistent pricing online and in-store, increased product availability in shops, and fast and free delivery. Retailers are advised to focus on providing a seamless experience and ensuring the right products are in the right place to meet consumer demands. Other key findings include the importance … Read more
A £250 million fund aimed at boosting women in business, supported by Chancellor Rachel Reeves, has been mostly snubbed by City institutions, with only a few, including Barclays and Morgan Stanley, pledging support. The Invest in Women Taskforce aims to address the lack of funding for female founders, who currently attract less than 2% of … Read more
Starbucks’ stock is soaring after new CEO Brian Niccol announced plans to simplify the menu and pricing strategy in an effort to win back customers and boost sales. Niccol acknowledges a decline in customer visits and fourth-quarter results reflecting the need for change. He plans to focus on improving staffing, marketing, and mobile ordering operations … Read more
Inflation remains a challenge despite nearing the Federal Reserve’s 2% target, with prices of goods and services still high across the economy. Fed officials, including San Francisco Fed President Mary Daly, are cautious and vigilant, as inflation levels have remained elevated for more than three years. Consumers continue to accumulate debt to cover rising costs, … Read more