CNBC Business

Shares of German shoe brand Birkenstock fell more than 12% in their market debut on the New York Stock Exchange on Wednesday after ir priced its IPO at $46.

CFO Rex Jackson said in a statement that the new funds, together with a recently secured credit line, will support the company into early 2025.

The move is the latest step CEO David Solomon has taken to retrench from his ill-fated push into consumer finance.

Teens spent 1% less than last year, but Nike, American Eagle and Lululemon are among their favorite brands, according to a Piper Sandler survey.

This year's regional banking crisis has already caused changes in the S&P 500 index. More changes may be coming if the industry faces a protracted slump.

The Disney price increases are effective beginning Wednesday.

The plans were announced in the middle of contentious U.S. labor strikes and contract negotiations between Stellantis and the United Auto Workers union.

The initiative is the result of a new coalition of period care brands August, Cora, LOLA, The Honey Pot, Rael, Here We Flo, Saalt and DIVA.

Wentworth is the former CEO of the nation's largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018.

The company, which got its start in 1774, is known for its comfy and durable styles and recently made a cameo in the "Barbie" movie.

Audiences attending Taylor Swift's The Eras Tour concert film this weekend are permitted to sing and dance in the auditoriums.

Canadian union Unifor said Tuesday afternoon the "strike actions are on hold to allow the membership to vote on the tentative agreement."

Low interest rates fueled the growth in asset prices, leading to a rapid expansion in the number of centi-millionaires.

'Shark Tank' star Daymond John's Black Entrepreneurs Day will return for a fourth year at the Apollo Theater and in an online stream.

PepsiCo raised its full-year earnings outlook after beating Wall Street's estimates for third-quarter earnings and revenue.

The Canadian autoworkers will join roughly 9,200 United Auto Workers members who are on strike against GM in the U.S.

The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios.

Hispanic workers are overrepresented in nonexempt positions, according to new research by the Hispanic Association on Corporate Responsibility.

Israeli airline El Al, Emirates Airline and Turkish Airlines continued to operate at least some of their schedules.