Columbus, OH

Reuters

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Nestle CEO Schneider was ousted after underperformance, sources say

Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. The unexpected transition follows a period of underperformance for the Swiss-based giant, raising concerns about its ability to navigate the challenging landscape of the global consumer goods market.

Nestlé Faces Leadership Shakeup as CEO Schneider Ousted Amid Market Struggles

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

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

Who needs 12-foot-tall skeletons when you can sell ads?. Walmart and Target both told investors this month that their billion-dollar retail media networks were doing just fine, and had grown by double digits in the most recent quarter. Open the books: Walmart’s ad business grew 26% globally in Q2, while...

Walmart and Target report ads business grew by double digits in Q2

Bill Ackman failed to launch a publicly-traded investment fund earlier this month. He typically keeps a highly concentrated portfolio of a few high-conviction stocks. These three companies all have strong competitive advantages, but not every one looks like a buy right now. You can still follow Bill Ackman's trades. Here...

Billionaire Bill Ackman Has 60% of His Hedge Fund's $10 Billion Portfolio in Just 3 Stocks

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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

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

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

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

Quarterly-filed Form 13Fs provide a snapshot of which stocks Wall Street's smartest and richest investors have been buying and selling. Seven top-notch billionaire asset managers sent shares of Nvidia to the chopping block in the June-ended quarter. Aside from profit-taking, five additional reasons stand out as to why billionaire investors...

Billionaires Are Dumping Shares of Artificial Intelligence (AI) Stock Nvidia for a Third Straight Quarter -- Here's Why

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

North Carolina State

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

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

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

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

(Reuters) - Mediterranean restaurant chain Cava Group's shares surged over 23% to a record high of $125.38 on Friday, after strong demand for its salad bowls and pita wraps boosted its annual sales and earnings forecast.

Cava rallies to record high as solid demand for steaks and salads boosts forecasts

Netflix shares hit a new record high on Tuesday after the streaming giant reported a huge jump in advertising sales, bolstered by robust ad demand on its upcoming films, series, and live events. The Netflix share price has traded within an ascending channel since January last year, though the latest...

Watch These Netflix Price Levels After Stock Hits Record High

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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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