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Dick’s Sporting Goods (DKS) earnings Q4 2023
Dick's Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth.The company's shares jumped more than 15% in intraday trading. CEO Lauren Hobart said on an earnings call Thursday that Dick's sales growth came from bigger tickets — either higher prices or more expensive items — as its transactions were flat.Many retailers benefited from a 53rd week in fiscal 2023, but Dick's said it still broke records during its fiscal fourth…
More charity money comes from ultra-wealthy
Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa.Brenton Geach | Gallo Images | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of…
Wall Street isn’t happy Kevin Plank is returning as Under Armour CEO
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesWall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late Wednesday that CEO Stephanie Linnartz would be stepping down after barely a year on the job and Plank would replace her on April 1. Following the announcement, both Williams Trading and Evercore ISI downgraded Under Armour…
Online marketplaces can do more to stop crime
Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens.Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame on e-commerce sites.In the first in-depth interview given by a retail CEO about organized theft, Kimbell responded to a monthslong CNBC investigation that showed how police broke up what they…
Inside organized crime rings targeting retailers Ulta, TJX, Walgreens
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police don't suspect that Mack, 53, took the items herself. Instead, they say, she pulled the strings from the shadows, employing a network of around a dozen women who stole the…
Morgan Stanley names head of artificial intelligence, Jeff McMillan
The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.John Taggart | Bloomberg | Getty ImagesMorgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firm-wide artificial intelligence, CNBC has learned.The bank is elevating Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm, according to a memo sent Thursday from co-presidents Andy Saperstein…
Audi reveals all-electric Q6 e-tron SUV, its first next-generation EV
The Audi SQ6 e-tron SUV.AudiAudi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture.The Volkswagen-owned luxury carmaker says the new "Premium Platform Electric" opens up new levels of technology for Audi, including a rapid EV recharge time of 158 miles in 10 minutes.The vehicle ushers in the next generation of EVs for Audi, which continues to offer more all-electric and plug-in hybrid EVs despite growth slowing recently for EVs.Audi…
UAW says VW workers at Tennessee plant file for union election
A Volkswagen EV ID.4 crossover at the Volkswagen of America plant in Chattanooga, Tenneessee, on June 8, 2022.Michael Wayland | CNBCDETROIT — Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday.The filing comes after a "supermajority of Volkswagen workers have signed union cards in just 100 days," the union said, marking a major milestone in the labor group's organizing drives of nonunionized auto…
Reddit Says FTC Looking Into Licensing of User Content to Third Parties for AI Models
The social network said it is in the early stages of its data-licensing efforts.
The social network said it is in the early stages of its data-licensing efforts.
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America's Biggest Circus Is Back From the Dead
Ringling Bros. executives traveled the world to revive the Greatest Show on Earth. They found 75 performers from 18 countries—and zero elephants.
Ringling Bros. executives traveled the world to revive the Greatest Show on Earth. They found 75 performers from 18 countries—and zero elephants.
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Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…