Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index. Palo Alto Networks PANW, +0.21% shares surged as much as 5% in after-hours trading, following the announcement that Palo Alto Networks will replace Dish Network…
A Disney Cruise certainly isn’t cheap, especially compared with other cruise operators. But what about compared with other types of Disney vacations? For many travelers, a Disney DIS, +0.17% cruise actually comes out cheaper than a trip to Walt Disney World. To better understand Disney Cruise Line versus Disney World costs, NerdWallet analyzed prices for…
First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you may…
Paying servers the minimum wage has influenced tipping practices in the U.S. Many folks were taught that you should tip 18% or 20% — unless the service is outright horrendous. But wait staff are already making the minimum wage in many cities and, if you add the tips they earn, they are oftentimes making significantly…
Skip the jet lag and overnight flights: there are places right here in North America whose architecture and ambience will transport you to Europe in the twinkling of an eye. Here are four places to explore. Leavenworth, Wash. Like a small town in Bavaria, half-timbered buildings, carved wooden balconies, murals painted on building facades (a…
Our tipping culture is out of control. It has become mandatory, and forced upon us. It has lost its cause. It’s not a gratuity anymore, it’s become another tax. Consumers are forced to help merchants to pay workers after paying merchants for the service. One time, I tried to donate money online, and was asked…
Drinks giant Pernod Ricard has ceased exports of its international brands to Russia but says it will take “some months” to end distribution of its products in the country. The French company was slammed last month over its resumption of exports of iconic brands Jameson whiskey and Beefeater gin to Russia, after having earlier ended…
Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, -1.93%, is seeking three board seats and is planning to run a proxy…
Nights booked on Airbnb Inc. hit a record high in the first quarter as more guests traveled overseas and returned to cities, leading to the company’s first profitable start to the year on record, executives announced Tuesday. But executives’ forecast was less bullish, even though they expect a strong summer travel season and second-quarter revenue…
A cannabis business operating in Michigan said it would hire laid-off Burger King employees to roll marijuana joints for $16 an hour, although the job picture remains mixed in the cannabis sector depending on the state. As Shryne Group Inc.’s Stiiizy cannabis business expands in Michigan, the company has offered to hire hundreds of Burger…
Tinder parent company Match Group Inc. announced Tuesday that its brands are exiting Russia, citing human rights concerns. “We are committed to protecting human rights,” Match MTCH said in the company’s annual impact report. “Our brands are taking steps to restrict access to their services in Russia and will complete their withdrawal from the Russian…
Travel prices are high and young Americans remain eager to vacation. Yet looming economic trends, like rising debt and layoffs, point to trouble ahead.
Whitbread PLC UK:WTB said Tuesday that its current performance is strong despite economic uncertainties as it reported a rise in pretax profit for fiscal 2023 and launched a 300 million-pound ($374.6 million) buyback program which it expects to complete in the first half of fiscal 2024. The owner of budget hotel chain Premier Inn said…
Big Tech didn’t offer strong holiday returns, but Wall Street still responded to fourth-quarter results by throwing $2 trillion in valuation at the biggest tech companies. That stock bounce appears to be predicated on a widespread belief that there will be a rebound in the second half of this year, when companies lap the results…
On Wednesday, Starbucks SBUX, -0.70%, the famous coffee-chain, released 5,000 nonfungible tokens, called The First Store Collection. It’s a series of images that look like stamps. The company launched them on Nifty Gateway, a digital art online platform, and minted them on Ethereum scaling network Polygon. The non-fungible tokens are priced at $100 each. This…
McDonald’s Corp. is planning corporate layoffs this week and will temporarily close its U.S. offices in preparation for the cuts, according to a report Sunday. The Wall Street Journal reported late Sunday that the fast-food chain’s corporate offices in the U.S. will be closed Monday through Wednesday, and all in-person meetings have been canceled. Layoff…
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…
Hours after former Chief Executive Howard Schultz was accused of union-busting in front of a congressional committee, Starbucks Corp. disclosed Wednesday that investors have asked for a third-party assessment of the coffee chain’s commitment to worker rights. According to Starbucks’ SBUX, +1.92% filing with the Securities and Exchange Commission on Wednesday afternoon, a shareholder resolution…
Former Starbucks CEO Howard Schultz on Wednesday faced harsh criticism from lawmakers for the chain’s alleged efforts to discourage employees from unionizing, but he avoided committing to deeper negotiations with the union and repeatedly denied that the coffee chain had broken the law. In a hearing before the U.S. Senate Committee on Health, Education, Labor…
New York City has been plagued by rat infestations in recent years — to the point that city officials announced a few months ago that they were looking to hire a “rat czar” to curb the problem. But did a rat actually find its way into a popular restaurant’s soup? That’s the charge being made…