Business

Cracker Barrel investors are still taking a cautious tone despite the restaurant chain’s mea culpa on Monday over its brand remake, which was quickly labeled woke, alienating core customers. Shares ended the session fractionally lower but have lost over 10% since the announcement last week, erasing over $143 million in market value, as tracked by Dow Jones Market Data Group. By comparison, the S&P 600, the benchmark which includes the restaurant chain, […]

The online backlash that ensued following Cracker Barrel's multi-million-dollar re-branding effort was a lot more than just losing an illustration of an older man in rustic clothing resting his arm on top of a wooden barrel. Cracker Barrel is far from the only company to revamp its image, but its decision to do so struck an unexpected chord with customers because it risked erasing a cherished sense of nostalgia, according to […]

Cracker Barrel admitted on Monday that it "could’ve done a better job sharing who we are and who we’ll always be" after customers expressed outrage over the restaurant chain's new logo."If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel. We’re truly grateful for your heartfelt voices," the company said. "You’ve also shown us that we could’ve done a better job sharing who […]

U.S. leaders have done a stunning about-face on TikTok, leaving the public to question whether years of dire warnings about a national security threat were overstated from the start.Just four years ago, President Donald Trump tried to ban the shor-form video app outright, declaring that its Chinese ownership through ByteDance posed "credible" dangers to American data and security. Now, his White House boasts an official TikTok account, and the president […]

Bravo Brio Restaurants LLC, the parent of Bravo! Italian Kitchen and Brio Italian Grille, filed for Chapter 11 bankruptcy protection for the second time in five years, citing the "acute financial distress" facing the industry.The company filed in the U.S. Bankruptcy Court for the Middle District of Florida on Aug. 18, aiming to restructure its debt, streamline and reduce operational expenses, shed underperforming leases, close underperforming locations and attract a […]

President Donald Trump on Monday defended the country’s 10% stake in Intel, slamming critics of the deal in a morning social media post. "I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS," Trump wrote on Truth Social ahead of the opening bell on Wall Street. "All goes to the USA. Why are ‘stupid’ people unhappy with that? I will make deals like that for our Country all day […]

Self-driving cars may soon become a fixture on Big Apple roads.Waymo, one of the best-known companies for autonomous vehicles, has secured the first permit to test self-driving cars in New York City as the robotaxi race heats up, city officials announced Friday.The California-based company, a subsidiary of Google’s parent Alphabet, operates a fleet of about 1,500 vehicles and has already logged more than 10 million rides in five U.S. cities, […]

Blue Bell Ice Cream has voluntarily recalled some of its half-gallon cartons due to undeclared nuts, as the products impacted have a labeling error. The recall of Blue Bell's "limited quantity of Moo-llennium Crunch Ice Cream half gallon packaged in a Chocolate Chip Cookie Dough carton produced in its Brenham, Texas, plant because of undeclared almond, walnut, and pecan," was announced on Friday."The recalled product was mistakenly packaged in Chocolate Chip […]

President Donald Trump has selected Airbnb co-founder Joe Gebbia to spearhead a new federal design overhaul aimed at making government websites "both usable and beautiful."Gebbia, who joined the Department of Government Efficiency earlier this year and also sits on the board of Tesla, said Saturday that he has been appointed to become the first chief design officer of the United States."I’m honored to be appointed by Trump as the first Chief Design […]