Reuters

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Nestle CEO Schneider was ousted after underperformance, sources say

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday. The company has also faced controversy in recent years, with Swiss NGO Public Eye accusing Nestle of selling baby food with high levels of added sugar in low-income countries but not in wealthier nations.

Nestle CEO Schneider to step down after eight years at helm

Nestle announced Thursday that it it replacing Mark Schneider as its CEO with a long-time executive. This comes as the world’s largest packaged food seller is facing pressure from cash-strapped consumers tired of price hikes. Suggested Reading. Powerful people have a stress problem. Could going to the spa be...

Nestle CEO steps down as price hikes turn off consumers

Nestle has replaced its CEO Mark Schneider with company veteran Laurent Freixe. The Swiss firm said in a statement Thursday that Schneider, who was at the helm for eight years, "has decided to relinquish his roles as CEO and member of the board of directors." Freixe, who joined Nestle in...

Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says

U.S.-listed shares of JD.com tumbled Wednesday as Walmart confirmed that it sold its stake in the Chinese e-commerce giant. The sale allows Walmart "to focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities." Bloomberg reported that Walmart raised about $3.6 billion...

JD.com Stock Sinks as Walmart Sells Stake in China E-Commerce Firm

Buffett's Berkshire Hathaway has been making some portfolio-shaking moves lately. It sold a slew of Apple even though it remains Berkshire's largest stock investment. Meanwhile, American Express is now Berkshire's second-largest stock holding. Buffett has been making some huge moves lately, and these two stocks are his company's biggest bets.

Warren Buffett's Biggest Bets in 2024: 40% of Berkshire Hathaway's $276.9 Billion Stock Portfolio Is Held in Just 2 Stocks

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Target (TGT) added to good news about the state of the U.S. consumer, emerging from a long sales slump and boosting its profit forecast; the Federal Open Market Committee (FOMC) publishes minutes from its July meetings today, giving investors another read on an expected September interest-rate cut; shares of JD.com (JD) are sinking in premarket trading after Walmart (WMT) sold its stake in the Chinese e-commerce giant for a reported $3.6 billion; China has launched an anti-subsidy investigation into dairy imports from the European Union (EU); and Netflix (NFLX) shares are in focus after a huge jump in ad sales drove its stock to a record high Tuesday. U.S. stock futures are edging higher ahead of the Federal Reserve meeting minutes after the benchmark S&P 500 index ended a streak of eight straight winning sessions yesterday. Here’s what investors need to know today.

5 Things to Know Before the Stock Market Opens

North Carolina State

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Town Talks

Maine lobster, Alaska salmon, and catfish from the Louisiana bayou—across the United States, you can find some of the best fish and seafood around. Whether you enjoy classic dishes like lobster rolls, gumbo, and clam chowder or prefer international options such as sushi and fish tacos, there's a seafood restaurant in the country that will impress you.

North Carolina Eatery Crowned 'The Best Seafood Restaurant' in The State

Illinois State

Belvidere, IL

Car manufacturer Stellantis is delaying plans to reopen an Illinois assembly plant, which the United Auto Workers (UAW) union says is breaking its labor contract. The automaker claims the UAW can't legally strike over the decision. UAW locals representing tens of thousands of workers in several states are preparing to...

Stellantis Says Delayed Illinois Plant Reopening Doesn't Violate Union Deal

Major stock indexes were higher in early-afternoon trading Friday after Federal Reserve Chair Jerome Powell indicated the central bank is preparing to cut interest rates. The S&P 500 and Dow Jones Industrial Average were both up 0.8%, while the Nasdaq Composite tacked on 1.1%. The major indexes fell on Thursday, led by a sharp decline for large-cap technology stocks, but are now on pace to post weekly gains for the second consecutive week. The S&P 500 and Dow are less than 1% away from their record closing highs.

Dow Jones Today: Stocks Rise as Fed Chair Powell Confirms Interest Rate Cuts are Likely

The Motley Fool

One of the world's most successful hedge fund managers boasts an extremely concentrated portfolio, so it attracts attention when he makes big changes.

Billionaire Investor Bill Ackman Has 100% of His $10 Billion Portfolio in Just 9 Stocks, But There Were Seismic Changes During the Quarter

Dutch Bros is growing through new stores and higher same-store sales. Individual investor goals aren't always the same as those of investment management firms. Starbucks has been in the news, but this lesser-known coffee chain has much bigger opportunities. Starbucks made big news last week with its poaching of Chipotle...

Forget Starbucks: Billionaires Are Buying Up This Coffee Chain Stock Instead

Initial jobless claims came in at 232,000, a couple thousand higher than economists expected and up from the prior week. One economist said the modest rise showed stability in the labor market and could result in a lower August unemployment figure. The data should help keep the Federal Reserve on...

Jobless Claims Rose Slightly. Here's Why It Won't Move the Unemployment Rate Much

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

NewsNinja

"They get more than us, Why nobody told me about this?". If you're looking for a tasty option that won't break the bank, a Chick-fil-A's kids' meal might be just what you're after. It seems like a great deal. In fact, some people argue it's a better deal than a regular adult meal. This TikToker took the audience through the ins and outs of this meal.

Chick-fil-A customer says they’ll never order a full meal again after seeing kids’ meal

Business Insider

Seven & i Holdings says it will review the takeover offer from Canada's Alimentation Couche-Tard, which would unite the 7-Eleven and Circle K brands.

The Canadian company behind Circle K wants to buy 7-Eleven's Japanese owner in a blockbuster deal

NEW YORK (Reuters) - A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company's inclusion in two Russell indexes, regulatory filings released on Wednesday showed.

BlackRock, Vanguard big purchasers of Trump Media shares in Q2, filings show

Cooking With Maryann

I love macaroni salads, and this is truly a special one. It's got something for all of the tastebuds and textures. Soft, crunchy, chewy, sweet, savory, tart, creamy, and oh so fresh! Here's what you'll need to make 8-10 side servings:

Amish Macaroni Salad

NewsBreak

Nestle Stock Slips After Chocolate Maker Replaces CEO

Nestlé SA shares fell in Swiss trading Friday, a day after the chocolate maker replaced CEO Mark Schneider amid slowing sales and a struggling share price....

Nestle Stock Slips After Chocolate Maker Replaces CEO

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