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13 mentions found


☆ Sweetgreen shares soar 35% after company beats revenue expectations
  + stars: | 2024-05-10 | by ( Sean Conlon | ) www.cnbc.com   time to read: +1 min
Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Neman added that the company remains "on track" to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. The company announced Tuesday it's introducing steak to the menu, expanding its protein offerings with a Caramelized Garlic Steak protein plate, a Steakhouse Chopped warm bowl and a Kale Caesar (Steak) salad.
Persons: Sweetgreen, Jonathan Neman, Kale Caesar, Nicolas Jammet, We're Organizations: Wall, South Lake Union, Analysts Locations: Neman, South Lake, Seattle, Boston
☆ They moved into floating homes and houseboats — and discovered a world of adventure and hidden expenses
  + stars: | 2024-03-25 | by ( Amanda Goh | ) www.businessinsider.com   time to read: +10 min
Read previewMoving into their 360-square-foot floating home a year ago was a dream come true for Sarah Spiro and Brandon Jones. In 2023, there were 70 floating home sales reported on the Regional Multiple Listing Service, or RMLS, which covers the Portland area and a significant part of northwest Oregon, Portland Floating Homes real-estate broker John McPherson told BI. Lily and Dylan Rose moved onto their houseboat on Lake Union in Seattle in June 2019. AdvertisementHome insurance for a floating house tends to be about double what it is for a regular house on land, McPherson said. Additionally, the float — the part of the floating house that's equivalent to a foundation — deteriorates over time, McPherson said.
Persons: —, Sarah Spiro, Brandon Jones, Spiro, keepingafloatwiththejoneses Spiro, Jones, keepingafloatwiththejoneses, Adam Lind, @adam.floatinghome, It's, John McPherson, Lily, Dylan Rose, Elizabeth Earle, BI's Jordan Pandy, Earle, Elizabeth Earle Earle's, McPherson, Daryl Fairweather, Redfin's, Realtor.com, Hannah Jones, it's, Laura Woodley, Woodley, isn't, Kate Fincham, Fincham, Lily Rose, Dylan, Rose, she's Organizations: Service, Business, Portland Floating Homes, Realtor.com, Union, Trust, England & Wales, Lake Union Locations: Fontana Lake, North Carolina, Portland, Oregon, Seattle, Sausalito , California, Johns Island , South Carolina, England, Bluffers Park, Toronto, Lake, Boston
☆ Amazon sued by three employees who allege gender discrimination and 'chronic' pay inequity
  + stars: | 2023-11-20 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Three Amazon staffers sued their employer on Monday alleging gender discrimination and accusing the company of retaliation after they complained of "chronic pay inequity issues." He added that Amazon doesn't tolerate discrimination in the workplace, and it investigates all reported incidents of such behavior. The complaint was filed by Outten & Golden, the same New York law firm that represented a Google executive in her successful gender bias lawsuit, as well as Uber software engineers who sued the company for gender and racial discrimination. Amazon has faced allegations of gender and racial discrimination from tech and corporate workers in recent years.
Persons: Caroline Wilmuth, Katherine Schomer, Erin Combs, Wilmuth, Schomer, Combs, Brad Glasser, Loretta Lynch Organizations: South Lake Union, Amazon, Human Resources Department, Western, of Washington, Outten Locations: South Lake, Seattle , Washington , U.S, U.S, York
☆ Amazon founder Bezos plans move to Miami from Seattle
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +1 min
Billionaire American businessman Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City, New York, U.S., September 20, 2021. Michael M. Santiago/Pool via REUTERS/File Photo Acquire Licensing RightsNov 2 (Reuters) - Amazon (AMZN.O) founder Jeff Bezos said on Thursday he was moving to his childhood home of Miami from Seattle to be near his parents and his space firm Blue Origin's Cape Canaveral operations. Seattle, you will always have a piece of my heart," the billionaire said in an Instagram post on Thursday. Private space company Blue Origin's operations are increasingly shifting to Cape Canaveral, Bezos added. Amazon's rapid growth transformed Seattle's South Lake Union district, replacing warehouses and parking lots with offices towers, highly paid tech workers and expensive eateries.
Persons: Jeff Bezos, Boris Johnson, Michael M, Bezos, Abinaya, Lincoln Organizations: Billionaire, British, Thomson Locations: New York City , New York, U.S, Santiago, Miami, Seattle, Canaveral, Amazon's, Cape Canaveral, Lake Union, Bengaluru
☆ Amazon founder Jeff Bezos is leaving Seattle for Miami
  + stars: | 2023-11-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +1 min
Jeff Bezos, who founded Amazon out of his Seattle garage in 1994, is leaving the city and moving to Miami to be near his parents and his space company Blue Origin. It was there that Bezos in 1995 launched Amazon as an online bookseller, before transforming the company into a retail and cloud computing giant. "I've lived in Seattle longer than I've lived anywhere else and have so many amazing memories here," Bezos wrote. Amazon's rapid growth reshaped Seattle, particularly its South Lake Union area, where the company's headquarters sits. Bezos recently spent $150 million for two adjoining properties in Miami's Indian Creek Village, often referred to as the "billionaire bunker."
Persons: Jeff Bezos, Bezos, I've, Andy Jassy, Temu Organizations: Seattle, Origin, Amazon, Earth Fund, Washington Post Locations: Miami, Seattle, Bellevue , Washington, South Lake Union
☆ What a stressed commercial real estate market means for these exposed bank stocks
  + stars: | 2023-09-27 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +9 min
Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. Commercial real estate landscape Higher interest rates, tightening credit conditions and elevated office vacancies are weighing down the estimated $21 trillion commercial real estate sector . A lagging commercial real estate market can strain a bank's capital reserves while a stronger market can boost incomes from lending and fees. While there's reason for concern in the broader commercial real estate market, we see the most pronounced challenges unfolding in offices. CEO Charlie Scharf said the bank sustained "higher losses in commercial real estate, primarily in the office portfolio."
Persons: Banks, Wells, Morgan Stanley, Morgan Stanley's dealmaking, Tomasz Piskorski, Piskorski, Jim Cramer, Morgan, deteriorations, Tailwinds, JPMorgan Chase, Wells Fargo, Michael Santomassimo, Charlie Scharf, Jeff Marks, Wells Fargo execs, Santomassimo, Jim Cramer's, Jim, Collin Madden, Karen Ducey Organizations: Columbia Business School, Federal Reserve, CNBC, That's, Semiconductor, Arm Holdings, Rivian, IB, Barclays, JPMorgan, GEM, Estate Partners, South Lake Union Locations: Wells, CRE, U.S, Wells Fargo, South Lake, Seattle , Washington
☆ A lime-green houseboat that was transformed into a sleek tiny home is now on sale for $545,000. Take a look inside.
  + stars: | 2023-06-17 | by ( Lydia Warren | ) www.businessinsider.com   time to read: +1 min
A 500-square-foot houseboat on Lake Union in Seattle is on the market for $545,000. It was renovated in 2018 by HGTV designer Genevieve Gorder for the Netflix show "Stay Here." The sleek houseboat has a roof deck that overlooks the lake, downtown Seattle, and the Space Needle. Loading Something is loading. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA Seattle houseboat that was transformed from a turquoise and lime-green vessel into a modern tiny home on the water is now on sale for $545,000.
Persons: Genevieve Gorder, —, Realogics, Here's Organizations: Union, HGTV, Netflix, Service Locations: Seattle
☆ Pacific Northwest Hit by Record-Setting Heat
  + stars: | 2023-05-15 | by ( Ginger Adams Otis | ) www.wsj.com   time to read: 1 min
People sunbathing at Lake Union Park in Seattle on Saturday. Photo: Lindsey Wasson/Associated PressRecord-breaking heat blanketed the Pacific Northwest over the weekend, with Seattle and Portland, Ore., clocking temperatures more than 20 degrees higher than usual. The unseasonable weather prompted heat advisories through Monday evening for more than 12 million people from Northern California to western Oregon and Washington—areas where many people don’t have air conditioning.
☆ Amazon employees push CEO Andy Jassy to drop return-to-office mandate
  + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com   time to read: +4 min
A group of Amazon employees is urging CEO Andy Jassy to reconsider a recent return-to-office mandate. Last week, Jassy announced Amazon would require corporate staffers to spent at least three days a week in the office beginning May 1. Staffers on Friday created a Slack channel to advocate for remote work and share their concerns about the new return to work policy, according to screenshots viewed by CNBC. Amazon hasn't addressed whether remote employees will be asked to relocate, beyond Jassy noting that there will be "a small minority" of exceptions to the new policy. WATCH: Andy Jassy on the benefits of remote work
☆ Amazon set to begin new round of layoffs affecting over 18,000 people
  + stars: | 2023-01-18 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Amazon on Wednesday will begin a fresh round of job cuts in what's expected to become the largest workforce cuts in its 28-year history. It comes after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. Amazon isn't the only tech company making cuts to its workforce. WATCH: Tech layoffs mount as Amazon announces it's cutting another 18,000 jobs
☆ Zara founder buys Seattle skyscraper for $323 million
  + stars: | 2022-12-15 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Dec 15 (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has bought a residential skyscraper in Seattle for $323 million, his private firm Pontegadea said on Thursday. Ortega, the main shareholder of fashion giant Inditex (ITX.MC) and one of the world's 30 wealthiest entrepreneurs, signed the deal yesterday through his family office, Pontegadea added. Kiara tower, located in Seattle's South Lake Union neighbourhood in the United States, has 461 luxury apartments and is 133 metres tall. The purchase follows a $500-million investment in a 64-floor skyscraper of luxury apartments in New York's Financial District. Just this year, Ortega's investment vehicle also bought Royal Bank Plaza, a landmark skyscraper in Toronto, and one of the largest single-office buildings in Scotland.
☆ Companies still have way too much office space, and they can't sell it
  + stars: | 2022-11-05 | by ( Eric Rosenbaum | ) www.cnbc.com   time to read: +5 min
Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021. According to Elizabeth Ptacek, senior director of market analytics at commercial real estate information and analytics company CoStar, there is currently 232 million square feet of surplus commercial real estate up for sub-leasing. A few things we know about corporate real estate: it's a focus of cost-cutting for companies, but it's also probably the last asset you want to sell now in a soft market. It's a bad situation, but she said that for owners of corporate real estate, if the cost of real estate debt is cheap and the balance sheet is solid, sit on the real estate. Ptacek noted that after 2008, the peak in the distressed asset sales wave didn't occur until 2010/2011.
☆ What Cramer is watching Friday — Amazon drop overdone, Apple's outlier quarter, Big Oil profits
  + stars: | 2022-10-28 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Shares of the Club holding down 13% in premarket. Apple's quarter was better than expected , an outlier in an otherwise brutal week for Big Tech earnings. Club holding AbbVie (ABBV) solid number, more of the same. Club holding Pioneer Natural Resources (PXD) slightly misses on EPS of $7.48. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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