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☆ Elizabeth Holmes ordered dinners for Theranos staff but made sure they weren't delivered until after 8 p.m. so they worked late: book
  + stars: | 2023-06-03 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Theranos founder Elizabeth Holmes started serving her 11-year sentence on May 30. John Carreyrou's "Bad Blood" said Holmes ordered communal dinners, helping keep staff working late. Staff surveillance reportedly involved monitoring arrivals and having assistants add them on Facebook. Ordering communal dinners was reportedly one of several unusual tactics Holmes, who tried to model herself on Steve Jobs, would use to both inspire and intimidate Theranos employees. According to the book, Holmes' assistants would track the arrival and departure time of workers each day, while IT staff would monitor the software being on employees' computers.
Persons: Elizabeth Holmes, John Carreyrou's, Holmes, Steve Jobs, Carreyrou, Bryan Organizations: Staff, Facebook, Wall, Journal, The Locations: Bryan , Texas
☆ Biden hails debt ceiling deal from Oval Office
  + stars: | 2023-06-03 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsBiden hails debt ceiling deal from Oval OfficePostedU.S. President Joe Biden declared a "crisis averted" on Friday (June 2) in his first address from the White House's Oval Office, as he touted the passage of a bill to raise the U.S. debt ceiling and curb spending. Ryan Chang reports.
Persons: Biden, Joe Biden, Ryan Chang Organizations: White
☆ Crowning the Meme King
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowning the Meme KingUnconventional entrepreneur Ryan Cohen, best known for co-founding online pet supply retailer, Chewy, makes his first foray into activist investing with GameStop. The results are unprecedented and remarkable. Watch Making of the Meme King Tuesday, June 6 at 10pm ET on CNBC.
Persons: Ryan Cohen Organizations: GameStop, CNBC
☆ GameStop's Strategy
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGameStop's StrategyGameStop will report quarterly earnings on Wednesday, June 7. Find out how the company – under chairman Ryan Cohen – has been handling its earnings calls a bit differently than traditional Wall Street. Watch Making of the Meme King on Tuesday, June 6 at 10pm ET on CNBC.
Persons: Ryan Cohen – Organizations: GameStop, CNBC
☆ The Allure of Ryan Cohen
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Allure of Ryan CohenThe online frenzy around GameStop transformed Ryan Cohen into an icon for a generation of individual investors hell-bent on turning American finance upside-down. Watch Making of the Meme King Tuesday, June 6 at 10pm ET on CNBC.
Persons: Ryan Cohen Organizations: GameStop, CNBC
☆ Ryan Cohen Takes a Stake
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyan Cohen Takes a StakeAfter his success at Gamestop, activist investor Ryan Cohen set his sights on another legacy retailer - buying more than $120 million worth of Bed Bath and Beyond shares – and sparking interest from Wall Street and retail traders alike. Watch Making of the Meme King Tuesday, June 6 at 10pm ET on CNBC.
Persons: Ryan Cohen Organizations: Gamestop, Wall, CNBC Locations: Bath
☆ Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
  + stars: | 2023-06-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +7 min
A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. That's where Buy Buy Baby – and its long-held name recognition – would come in. "We have tremendous trust with new and expecting parents but Buy Buy Baby is much better known with kind of that older generation," she said. The crown jewel of Bed Bath & BeyondThis is not the first time Buy Buy Baby has seen sale interest. Buy Buy Baby has remained a bright spot in Bed Bath & Beyond's otherwise dismal earnings reports in recent years.
Persons: Stephanie Keith, Natalie Gordon, It's, Gordon, Babylist, it's, –, Ryan Cohen, Chewy, Cohen Organizations: Bloomberg, Getty, Bed, CNBC, Capital Advisors, GameStop, & $ Locations: Brooklyn, New York, Bed Bath, Beverly Hills , California, Bath
☆ Online pet goods retailer Chewy surges on sales forecast lift, Canada foray plans
  + stars: | 2023-06-01 | by ( ) www.reuters.com   time to read: +2 min
June 1 (Reuters) - Shares of Chewy Inc (CHWY.N) rose nearly 20% in premarket trading on Thursday after the online pet supplies retailer raised its annual revenue forecast and said it would enter the Canadian market. The company posted a surprise profit for the first quarter as its sales benefited from strong customer loyalty, prompting at least two brokerages to raise their price target. "Canadian marketplace represents upwards of $15 billion in annual pet sales and is ~10% points underpenetrated online vs. the U.S.," said Roth MKM in a note. The company now expects its full-year revenue between $11.15 billion and $11.35 billion, compared with its prior forecast range of $11.10 billion to $11.30 billion. Excluding items, the company posted net income per share of $0.20 for the first quarter, compared with analysts' expectations of a loss of $0.04 per share.
Persons: Chewy, Roth, Ryan Cohen, Sumit Singh, Vansh Agarwal, Shweta Agarwal Organizations: Chewy Inc, Thomson Locations: Canada, U.S, Bengaluru
☆ Preview: Making Of The Meme King
  + stars: | 2023-06-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPreview: Making Of The Meme KingWhat GameStop chairman Ryan Cohen is up to is anyone's guess. Here's a first look at "Making Of The Meme King," from CNBC Documentaries, which provides an inside look at why everyone from Wall Street to Reddit has an opinion about him. Tune in on Tuesday, June 6 at 10pm ET.
Persons: Ryan Cohen, Here's Organizations: GameStop, CNBC Locations: Reddit
☆ Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
  + stars: | 2023-05-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
Yet despite declining sales, Nordstrom stressed its progress with managing inventory, cutting costs and drawing shoppers, especially to the off-price brand Nordstrom Rack. Sales at Nordstrom Rack improved late in the quarter, with the strongest performance in April, the retailer said in a news release. Nordstrom 's fiscal first-quarter sales topped Wall Street's expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The company's total revenue, including credit card sales, fell about 11% from $3.57 billion in the year-ago quarter, but surpassed Wall Street's expectations. Net sales at Nordstrom's namesake stores decreased 11.4% year over year, while net sales for Nordstrom Rack dropped 11.9%.
Persons: We're, Erik Nordstrom, Nordstrom, Ryan Cohen, Chewy, refreshes, Activewear, Jamie Nordstrom Organizations: Nordstrom, GameStop, CNBC Locations: Canada, U.S, Nordstrom
☆ Biden lauds debt ceiling deal in face of GOP skeptics
  + stars: | 2023-05-30 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsBiden lauds debt ceiling deal in face of GOP skepticsPostedA handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States' $31.4 trillion debt ceiling, in a sign that the bipartisan agreement could face a rocky path through Congress before the U.S. runs out of money next week. Ryan Chang reports.
☆ Olympic champion Crouser shatters own shot put world record
  + stars: | 2023-05-27 | by ( ) www.reuters.com   time to read: +1 min
May 27 (Reuters) - Two-time Olympic champion Ryan Crouser demolished his own shot put world record on Saturday, throwing for 23.56 metres at the Los Angeles Grand Prix. The American surpassed his previous mark of 23.37 metres, which he achieved at the U.S. Olympic Trials in Eugene, Oregon in June 2021. "I’m still on high volume (training), heavy throws in the ring and heavy weights in the weight room, so we’re just starting to work in some speed," Crouser told NBC. New Zealand's twice Olympic bronze medallist Tom Walsh finished second on Saturday with a throw of 22.12 metres, while American Payton Otterdahl was third with 21.99 metres. Reporting by Amy Tennery in New York, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
☆ A Southwest pilot crawled in through the plane's window after being locked out of the cockpit before takeoff
  + stars: | 2023-05-26 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
A Southwest Airlines pilot was captured crawling through the window of a plane. A passenger captured a photo of a pilot crawling through the window of a Southwest Airlines plane after being locked out of the cockpit. Door locked," Rexroad tweeted on Thursday. "I think it is amazing that Southwest Airlines goes above and beyond to get their flights to be on time. In a TikTok posted in July last year, an American Airlines pilot was shown climbing into a plane through the windscreen.
☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
  + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +9 min
The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.
☆ Virgin Australia says IPO planning advanced, finalising capital return
  + stars: | 2023-05-10 | by ( Scott Murdoch Lewis Jackson | Scott Murdoch | Lewis Jackson | ) www.reuters.com   time to read: +2 min
A Virgin Australia spokesperson confirmed the contents of the internal email. A Bain Capital spokesperson declined to comment. "I can also confirm the IPO planning is well advanced," Cotton said in the email to staff seen by Reuters. Virgin Australia Chief Executive Jayne Hrdlicka said on Monday that she would take several weeks of leave to spend time with family after the death of her husband from cancer. Bain Capital bought Virgin Australia in 2020 after it was placed in voluntary administration, the closest Australian equivalent to Chapter 11 bankruptcy.
☆ Virgin Australia IPO planning 'well advanced' - Chairman
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: 1 min
SYDNEY, May 10 (Reuters) - Planning for Virgin Australia's upcoming initial public offering is well advanced, the airline's Chairman Ryan Cotton said on Wednesday in an internal email seen by Reuters. "I can also confirm the IPO planning is well advanced," said Cotton. "While there is still no date set and our ultimate window of opportunity will depend on market conditions, we are hopeful this process will progress over the coming quarters"A Virgin Australia spokesperson confirmed the contents of the internal email. Reporting by Scott Murdoch Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
☆ Republicans defiant after Biden debt limit meeting
  + stars: | 2023-05-10 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsRepublicans defiant after Biden debt limit meetingPostedPresident Joe Biden and top lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act. This report produced by Chris Dignam and Ryan Chang.
☆ Senate Democrats ask billionaire Harlan Crow to list gifts to Clarence Thomas and any other justices
  + stars: | 2023-05-09 | by ( Summer Concepcion | ) www.cnbc.com   time to read: +4 min
They also asked Crow to provide a full list of real estate transactions, transportation, lodging and admission to private clubs he might have provided. All 11 Democrats, including Sen. Diane Feinstein, D-Calif., who has been absent from the Senate due to health issues, signed the letter. Republicans on the committee and the Supreme Court did not immediately respond to NBC News' requests for comment. Wyden asked for answers by May 8, the same day Durbin issued his latest letter to Crow. The Supreme Court in March tightened some of its rules on what judges and justices need to include in annual financial disclosure statements.
☆ A millennial who tests out side hustles explains what actually makes money quickly and which ones you should skip
  + stars: | 2023-05-07 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +9 min
He doesn't recommend trying to start a YouTube channel or voice work if you're looking to make money quickly. Under his handle @sidehustlereview, he tells 100,000 TikTok followers what he learns, including what makes money, and the time involved. My For You page is just side hustle after side hustle," Ryan told Insider. In addition to UGC, the other top side hustles Ryan recommends are hauling junk and being a virtual assistant. "I get so many personal messages saying they are so thankful that I'm trying these things and letting them know the truth and that really makes me feel good," Ryan said.
☆ Ukraine's talking loudly about its coming counterpunch but holding key secrets tight because the stakes couldn't be higher. Here's what we know.
  + stars: | 2023-05-05 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +9 min
Insider spoke to military experts about the possible timing, location, and goals of the coming assault. Ahead of this specific offensive, Ukraine was also likely waiting for the ground to dry after a cold and muddy winter. But there's more than just military strategy to consider — politics plays a key role as well, military experts said. Military experts and analysts are betting the bulk of the offensive will be focused in Ukraine's southeast, particularly in the Zaporizhzhia region. The single most important aim for Ukraine's next push is taking back its territory, the military experts said.
☆ The U.S. Wants a Rare-Earths Supply Chain. Here’s Why It Won’t Come Easily.
  + stars: | 2023-04-25 | by ( Yusuf Khan | ) www.wsj.com   time to read: +10 min
MP Materials efforts to build a local supply chain demonstrate the challenge for American producers. Challenging China’s dominanceWhile the 60% might not sound that concentrated, the dependence on China is even more pronounced further down the supply chain. James Litinsky, CEO of MP Materials, stands in front of the Mountain Pass mine in 2018. But if you miss one step then you do not have a supply chain that’s secure,” Mr. Litinsky said. Defense Metals’ Ms. Moreno said that little knowledge exists outside of China in building the whole supply chain.
☆ What happens to buybuy BABY with Bed Bath & Beyond planning to go out of business
  + stars: | 2023-04-23 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +3 min
CNN —America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. “The buybuy BABY business is the one part of the operation that will probably attract interest from buyers,” Saunders said. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive. He joined Bed Bath & Beyond in 2019 from Target, where he was in charge of expanding its private label brands. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion.
Organizations: & $
☆ The rise and fall of Bed Bath & Beyond, once a beloved retailer that's now filed for bankruptcy
  + stars: | 2023-04-23 | by ( Bethany Biron | Sarah Jackson | Ben Tobin | ) www.businessinsider.com   time to read: +2 min
Bed Bath & Beyond, founded in 1971, has long been a go-to destination for home goods. Take a look at the rise and fall of the retailer loved by many shoppers. In September 2022, Bed Bath & Beyond announced it would be closing 150 stores and slashing 20% of its corporate positions in an effort to cut costs. Bed Bath & Beyond was once a leading home goods retailer, appealing to shoppers across the nation with its strategy of abundance. We took a closer look at Bed Bath & Beyond's rise from a small linen store in New Jersey to a major national retail chain filing for bankruptcy.
☆ Biden mulling launching re-election bid on Tuesday - sources
  + stars: | 2023-04-21 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsBiden mulling launching re-election bid on Tuesday - sourcesPostedU.S. President Joe Biden may announce his re-election campaign by video as soon as Tuesday, two people familiar with the matter said on Thursday, setting the stage for a possible rematch with his Republican predecessor Donald Trump. Ryan Chang reports.
☆ Nordstrom adds former Nike executive to board as activist battle continues
  + stars: | 2023-04-17 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +2 min
Nordstrom on Monday said it has tapped former Nike operating chief Eric Sprunk to join its board, as the company faces pressure from an activist investor. Sprunk, who was Nike's COO from 2013 to 2020, will join the board immediately, the company said. In a news release, Nordstrom board member Brad Tilden highlighted Sprunk's "track record of driving e-commerce growth and large-scale transformations within a complex global business." Nordstrom did not say in the news release whether the board appointment was board of an agreement with Cohen. Net sales for the company's namesake banner decreased 2.4%, and net sales for its off-price banner, Nordstrom Rack, dropped 8.1% in the quarter versus the year-ago period.
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