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Investing

Investing

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to…
Investing

Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much…
Investing

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the…
Investing

Walmart employees are now wearing body cameras in some U.S. stores

Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC…
Investing

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that…
Investing

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season….
Investing

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work…
Investing

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of…
Investing

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to…
Investing

Former Ozy Media head sentenced to nearly 10 years in prison

The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving…
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