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WeightWatchers' CEO of roughly two years, Sima Sistani, is out. AdvertisementIt's been a bumpy year for WW International, the company also known as WeightWatchers. In a leadership shake-up Friday, the weight-loss company announced CEO Sima Sistani is stepping down after roughly two years — effective immediately — and board member Tara Comonte is stepping up to serve as interim chief. Sistani helped push the company into the weight-loss drug space in 2023 through the $106 million acquisition of telehealth platform Sequence — which is now called WeightWatchers Clinic, and which prescribes weight-loss drugs like Ozempic and Wegovy. The telehealth purchase marked something of a pivot from the group support meetings and calorie-tracking menus WeightWatchers is known for, though the company also launched a behavioral program for patients on Ozempic.
Persons: WeightWatchers, Sima Sistani, , It's, Tara Comonte, Sima, Thilo Semmelbauer, Sistani, haven't, Comonte, Oprah Winfrey Organizations: Service, WW International, WeightWatchers, WeightWatchers Clinic, CNN, Life Sciences, Shake, Business, Smithsonian's National Museum of
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina rally 'to rent not to own', says Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell Overtime' to talk Chinese stocks surging and what's behind it.
Persons: Rockefeller International's Ruchir Sharma Ruchir Sharma Organizations: Email China, Rockefeller International
Singapore's former transport minister S. Iswaran arrives at the Supreme Court in Singapore September 24, 2024. The case has gripped the wealthy city-state which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in court. Singapore's former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, local media reported, as proceedings began on Tuesday in a rare graft trial involving a state official in this Asian financial hub. The last corruption case involving a Singaporean minister was in 1986, when the national development minister was investigated for allegedly accepting bribes.
Persons: Iswaran, Ong Beng Seng, Ong, NewsAsia Organizations: Prosecutors, CNA, English Premier League soccer, Singapore Locations: Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRockefeller International's Ruchir Sharma talks the case for deregulationRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell Overtime' to talk deregulation and how it impacts politics, the economy and business.
Persons: Ruchir Sharma Organizations: Rockefeller, Rockefeller International
But these days, other fast-food chains have revived the $5 price point, hoping to win over customers who have cut back their spending. Sensing diners' fast-food backlash, players such as Brinker International's Chili's have used their marketing to highlight their own value relative to the cost of a fast-food meal. Shares of McDonald's, Burger King parent Restaurant Brands International and Wendy's have all slid by double digits this year. Taco Bell owner Yum Brands is down more than 1% in 2024. Restaurant Brands and Yum Brands are expected to report their quarterly earnings the following week.
Persons: Taco, Burger, Wendy's, McDonald's, Brinker, Rick Cardenas, Robert Byrne, Eric Gonzalez Organizations: Taco Bell, Darden, Burger King, Restaurant Brands, Yum Brands, CNBC, Restaurant
Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Plus Credit Card is a great choice if you're just starting out. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points. Southwest Rapid Rewards Points Frequently Asked QuestionsHow much is 50,000 Southwest points worth?
Persons: It's, you'll, You'll, Cardholders, Chase, Marriott, There's, you've, Hertz, , Ronald McDonald Organizations: Business, Rewards, Southwest Airlines, Southwest Rapid, Rapid, Southwest, Business Credit, eBay, Rapid Rewards, Southwest ®, FDIC, Southwest Airlines ®, Card, Business Credit Card, Southwest Premier, Performance, Chase Sapphire Reserve, Club, Southwest —, Radisson, Marriott, Hyatt, Southwest Hotels, Best, Hotels & Resorts, Choice, Marriott Bonvoy, MGM Resorts International, MGM Resorts, Hertz, Apple, Old Navy, Dartington Crystal, Emergency, Reliant, Central America, Francisco, Chicago, Fort Lauderdale, Student Conservation Association, Ronald McDonald House Charities, Polaris, United Negro College Fund, Hispanic Heritage Foundation Locations: United States, U.S, Mexico, Belize, Costa Rica, Aruba, Cuba, Puerto Rico, Jamaica, Cayman Islands, Turks, Caicos, Dominican Republic, Southwest, rideshare, Southwest airfare, Rocketmiles, Alamo, Avis, Pennsylvania , New Jersey , Maryland , Massachusetts, Illinois, Texas, Caribbean, Central, New York, Los Angeles, Honolulu , Hawaii, Baltimore, Cabos, Denver, Liberia, Nassau, Bahamas
Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.
Persons: , Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapitalism is not working for the average person, says Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, Breakout Capital founder and CIO and ‘What Went Wrong With Capitalism” author, joins 'Squawk Box' to discuss the problems with capitalism today, whether big government is ruining capitalism, and more.
Persons: Rockefeller International's Ruchir Sharma Ruchir Sharma Organizations: Rockefeller International, Breakout Capital
Zyn shortages have been spotted in New York, New Jersey, and Florida. Zyn's popularity has surged among white-collar workers, including on Wall Street. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementZyn, a popular brand of nicotine pouches, may be harder to find in several states, including New York, New Jersey, and Florida. This story is available exclusively to Business Insider subscribers.
Persons: Philip Morris International's, , they've Organizations: Service, Bloomberg, Business Locations: New York , New Jersey, Florida, New York, New Jersey
Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.
Persons: , Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi
Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. Starbucks said bad weather dragged its same-store sales lower. Wingstop , Wall Street's favorite restaurant chain, reported its U.S. same-store sales soared 21.6% in the first quarter. This marks the second consecutive quarter that Burger King reported stronger U.S. same-store sales growth than McDonald's.
Persons: It's, McDonald's, it's, Taco Bell, January's snowstorms, we've, Ian Borden, Wall, International's Popeyes, Chris Kempczinski, Laxman Narasimhan, Narasimhan, David Gibbs, Taco, Yum, Burger, Organizations: Starbucks Workers, D.C, Starbucks, KFC, Yum Brands, Taco, Bureau of Labor Statistics, Taco Bell, Brands Locations: Dupont Circle, Washington, Pizza, U.S, Australia, Canada, Germany, Japan, Taco
Hong Kong-listed L'Occitane International 's chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of HK$13.91 billion (US$1.78 billion), the company said on Monday. As part of the deal, Austrian billionaire Geiger's investment holding company L'Occitane Groupe in Luxembourg will pay HK$34 for each share not already owned, representing a 30.8% premium to the stock's last close of HK$26 on Feb. 5. L'Occitane Groupe owned 72.39% of the cosmetics company at March-end. The investment holding firm does not intend to increase the offer price for the deal, which comes a few months after Geiger shelved a buyout attempt for the company. J.P. Morgan will be the financial advisor for L'Occitane Groupe.
Persons: Reinold Geiger, Geiger, L'Occitane International's, J.P, Morgan Organizations: HK, Reuters, U.S, L'Occitane Groupe Locations: Hong Kong, Austrian, Luxembourg
Dubai International Airport ranked as the second busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airports Council International's preliminary ranking, which was released on Monday. The resurgence of international travel has been a bright spot for airlines with big international networks, while ultra-low-cost, domestic-focused U.S. airlines have struggled in recent months. Domestic U.S. airports continued to post big gains in passenger counts, but some slipped in the rankings compared with the middle of the pandemic, when international travel restrictions limited long-haul trips abroad. Hartsfield-Jackson Atlanta International Airport, Delta Air Lines ' biggest hub, once again topped the list of the busiest airports, serving 104.7 million passengers, ACI said. Here are the 2023 rankings (with 2022 rankings in parentheses):
Organizations: British Airways Airbus, Heathrow Airport, Dubai International Airport, International Airport, Global, ACI, Domestic U.S, Airport, United Airlines, Hartsfield, Jackson Atlanta International Airport, Delta Air Lines Locations: London, Britain, Tokyo, Denver, United, ACI's
Read previewRoyal Caribbean's family-friendly private island is about to get a bit more crowded — with Gen Xers. Royal Caribbean's private island is a tropical dream for cruising families dotted with sprawling beaches, clubs, a zipline, and a waterpark. Royal Caribbean goes after multi-generational families, while Celebrity's target demographic is Gen Xers, Lisa Lutoff-Perlo, the then-CEO of Celebrity Cruises, told Business Insider in 2021. Celebrity sails to 300 ports on all seven continents — why this sudden push for the private Caribbean island? Brittany Chang/Business InsiderBut for the two brands' parent company, there are more benefits to private island cruising besides guest satisfaction.
Persons: , Gen Xers, Gen X, Brittany Chang, Xers, Lisa Lutoff, Michael Bayley, CocoCay, Patrick Scholes, Bayley Organizations: Service, Cruises, Royal, Business, Royal Caribbean Group, Apex, Celebrity Cruises, Royal Caribbean International, Truist Securities, Coco Locations: CocoCay, Fort Lauderdale , Florida, Royal Caribbean, that's, Royal, Caribbean, Brittany, cabanas
And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?
Persons: , Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, , Monaco Yacht Locations: Russian, superyachting
Kuru Footwear compiled a list of the US airports with the longest and shortest walks to the gate. Dallas Fort Worth International Airport featured the longest walk at 2.16 miles. Blue Grass Airport in Kentucky had the shortest walk, measuring 0.11 miles. As Business Insider previously reported, most airports are designed to get passengers to spend money rather than for efficiency. AdvertisementHere are the five US airports with the longest walks to the gate, and the five airports with the shortest walks, according to its report.
Persons: Organizations: Dallas Fort Worth International, Grass, Service, Google Locations: Dallas, Kentucky
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .
Persons: , Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London
In December, Euromonitor International released its annual list of the Top 100 City Destinations in the world for 2023. The report compared cities using 55 metrics across six categories, including tourism infrastructure, health and safety, sustainability, tourism performance, and more. Euromonitor International's analysis also included a top 10 ranking of global cities based on the number of international arrivals. New York City was the only destination in the United States to make Euromonitor International's top 10 list. This, in turn, will drive consumer demand for intraregional travel, especially as travel purchases are frequently discretionary," Nadejda Popova, Senior Manager at Euromonitor International says of the report's findings.
Organizations: Euromonitor, Apple Locations: New York City, United States
McDonald's and Starbucks , two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of McDonald's fell 4% in morning trading Monday, several hours after it reported that a sales slowdown in the Middle East contributed to its fourth-quarter revenue miss. Starbucks CEO Laxman Narasimhan said Tuesday that the company's sales in the Middle East struggled, but boycotts also hurt its U.S. cafes. Unlike Starbucks, McDonald's did not note any effect on its U.S. sales. Yum Brands is scheduled to report its quarterly results on Wednesday, while Restaurant Brands is slated to share its earnings on Feb. 13.
Persons: Laxman Narasimhan, McDonald's, Cowen, Andrew Charles, Chris Kempczinski, Kempczinski, Papa John's, Burger Organizations: U.S, Starbucks, Starbucks Workers, Workers United, McDonald's, Yum Brands, Restaurant Brands, CNBC PRO Locations: Tel Aviv, Israel, Gaza, Malaysia, Indonesia, France, Europe
Sailing on Royal Caribbean's new Icon of the Seas won't be cheap. Wealthy travelers are booking Icon's most expensive cabin for an average of $100,000 a week. Take a look around the world's largest cruise ship's 2,523-square-foot Ultimate Family Townhouse. AdvertisementTraveling on Royal Caribbean's new Icon of the Seas won't be cheap during its first year in service. The cruise giant isn't shy about its target demographic: families (unless you think Icon of the Seas' water park and carousel are just for adults).
Persons: , Michael Bayley Organizations: Royal, Service Locations: Royal Caribbean
Royal Caribbean's Icon of the Seas, the world's largest cruise ship, heads to the dock during its first arrival into PortMiami on Jan. 10, 2024. The world's largest cruise ship set sail from Miami, Florida over the weekend, embarking on a seven-day island-hopping trip through the tropics for its maiden commercial voyage. Onlookers gathered Saturday as Royal Caribbean International's behemoth — named the Icon of the Seas — left the Port of Miami to great fanfare. At a briefing earlier in the month, Royal Caribbean Group CEO Jason Liberty described the Icon of the Seas as the "biggest, baddest ship on the planet." The launch of the giant floating resort has sparked renewed concerns about the environmental impact of cruise tourism.
Persons: , Jason Liberty Organizations: Port, Royal Caribbean Locations: PortMiami, Miami , Florida, Caribbean, Port of Miami
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLuxury listings continue to outperform the general market: Sotheby's International's Philip WhitePhilip White, Sotheby's International Realty president and CEO, joins 'The Exchange' to discuss Sotheby's' 2024 luxury outlook, where luxury listings are concentrated in the U.S., and more.
Persons: Philip White Philip White, Sotheby's Organizations: Sotheby's International Realty Locations: U.S
JAKARTA (Reuters) - Indonesia's presidential candidates have pledged to strengthen the government's anti-corruption agency, laying out their plans ahead of the country's Feb. 14 election, to counter pervasive graft in Southeast Asia's largest economy. Anies, the former governor of the capital Jakarta, said he would bring Indonesia's battle against graft back on track by strengthening the KPK and revising the law governing the agency. The revision, made under current President Joko Widodo, who is known as Jokowi, triggered mass protests at the time. We have the capability, we are not poor," he added, without elaborating on the budget plan for the wage increase. In 2022, Indonesia dropped four places on global graft watchdog Transparency International's corruption perception index to 110 out of 180 countries.
Persons: Prabowo Subianto, Ganjar Pranowo, Joko Widodo, Prabowo, Jokowi, Jokowi's, Firli Bahuri, Stanley Widianto, Ananda Teresia, Christian Schmollinger Locations: JAKARTA, Asia's, Jakarta, Central Java, Indonesia
In 2019, a non-governmental organization set up the camp's health post where Aliyu's ninth child, Hauwa, was delivered in 2021. "There are no special arrangements for pregnant women in IDP and refugee camps [in Nigeria]. But for most of the 64 women recorded in the camp's birth register this year, these costs are prohibitive. Nigeria's Federal Ministry of Health oversees health for the country (including provisions provided by the Commission). He tells CNN: "Women's Health services were prioritized and featured strongly in the programs designed to the needs of internally displaced women."
Persons: Aisha Aliyu, Abba, Aliyu, Aisha, Liyatu Ayuba, Ayuba, Fatima Mahmood Jibirilla, Isa Umar, Umar, they've, doesn't, Dr Charles Nzelu, Dolapo Fasawe, Fasawe, Nzelu, Iko Ibanga, Osagie, Ehanire, Ibanga Organizations: CNN, Walden University, Camp, Camp Management, Aliyu, Nigeria's Federal Ministry of Health, Commission for Refugees, Migrants, Commission, antenatal, Capital Territory, Territory's, Environmental Services, FCT Health Services, Federal Ministry of Health, Ministry, Pro Health, Federal Capital Territory, Health, Pro Health International, Union, National Primary Health Care Development Agency, Ministry of Health, National Assembly Locations: Abuja, Nigeria, Nigeria's, Wala, Borno State, Maiduguri, Haram, Durumi, Africa, Nigerian, Borno, Adamawa
A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund have lifted crypto prices since the summer, with market bitcoin gaining by about half since the end of August. Ether , the layer 1 token linked to the Ethereum blockchain on which most layer 2 tokens are based, has leapt 13.8% to $2,028.80 in the past month. They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken. Numerous projects and their tokens were launched as the crypto market boomed in 2020, before sinking during the crypto winter of 2022.
Persons: Benoit Tessier, It's, Matteo Greco, Joshua Peck, Peck, Alyse Killeen, Fineqia International's, Lisa Mattackal, Medha Singh, Tom Wilson Organizations: La Maison du, REUTERS, Fineqia, Reuters, Thomson Locations: La, Paris, France, U.S, Stillmark, Bengaluru
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