Elon Musk and Other DealBook Summit Highlights
“Is that clear?” Andrew here. Yes, I was surprised at what Elon Musk said at the DealBook Summit on Wednesday — you can see that in the moment from our conversation when he left me temporarily speechless. But I would…
Red Lobster’s Popular Endless Shrimp Deal Ate Into Its Profits
Red Lobster’s “irresistible” all-you-can-eat shrimp promotion has indeed proved hard to resist. The Ultimate Endless Shrimp deal has been so popular that it helped cause a drop in third-quarter profit for the restaurant chain, which had to raise the price…
Don’t Be Afraid of the iPhone’s NameDrop Feature, Experts Say
Police departments from New Jersey to California have been sounding the alarm in recent days about NameDrop, a new feature of the Apple iPhone’s latest operating system that allows users to wirelessly exchange contact information. Apple declined to comment, but…
Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99
Charles T. Munger, who quit a well-established law career to be Warren E. Buffett’s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died on Tuesday in Santa…
Shein’s I.P.O. Presents Tests on Wall Street and Washington
Shein aims to win over Wall Street and Washington In filing confidentially for an initial public offering, Shein, the ultrafast-fashion retailer, is showing ambition on two fronts. The company and its underwriters are betting that investors will be more receptive…
Shein, the Fast-Fashion Giant, Is Said to Have Filed for an I.P.O.
Shein, the ultrafast-fashion retailer founded in China more than a decade ago, has filed confidentially for an initial public offering in the United States, according to a person familiar with the plans for the deal, who was not authorized to…
There’s a Lot Riding on Black Friday and Cyber Monday
The consumer is back — but for how long? Black Friday and today’s Cyber Monday shopping bonanzas hold outsize political significance this year with the retailing events emerging as key recession and inflation indicators. So far, so good. Bargain hunters…