Key Takeaways: Electric vehicle charging company ChargePoint announced it’s raising $232 million via stock sales. Its stock fell quickly following the announcement, closing at a 15.81% loss. ChargePoint’s outlook seems morbid as the company struggles to cope with plummeting stock prices and mounting losses. Electric vehicle charging network operator ChargePoint announced on…

Key Takeaways Walgreens staff have walked off the job over dispute surrounding working conditions Organizers of the protest have said that 300 of Walgreen’s 9,000 locations have been impacted, but the company themselves say the number is closer to 12 Even so, cost cutting measures announced this week by the company have…

Key Takeaways: Chipotle announced Thursday that it would be raising its menu prices to offset rising costs due to inflation. The chain has not yet indicated how much prices will increase. This is the fourth price increase in two years, the last one being in August 2022. Chipotle announced on Thursday that…

Key Takeaways Brikenstock completed its IPO on Wednesday, with the 249 year old company listing on the New York Stock Exchange It was a poor start for the sandal maker, with the stock dipping over 12% in the first day of trade It’s been a mediocre run for the latest IPO’s with…

Key Takeaways Exxon Mobil is purchasing major energy producer Pioneer Natural Resources for $59.9 billion The deal is the biggest acquisition since Exxon’s 1999 purchase of Mobil which came with a price tag of $75 billion It’s a major bet on the policy future for fossil fuels, flying in the face of…

Key Takeaways: Walgreens Boots Alliance chose former Express Scripts CEO Tim Wentworth to be the company’s next CEO. Wentworth will begin his tenure as CEO starting on October 23. The leadership change comes as Walgreens struggles with declining consumer demand and attempts to expand its healthcare offerings. Walgreens Boots Alliance, the parent…

Key Takeaways: Wholesale restaurant food distributor Sysco announced Wednesday that it would be acquiring Edward Don & Company, a leading food service equipment and supplies distributor. After the acquisition, Sysco will own two of the top 15 US food supply distributors. Despite the announcement, Sysco stock (NYSE: SYY) underperformed on Wednesday, decreasing…

Key takeaways Amazon is holding another Prime Day event right now The July Prime Day was thought to generate an extra $12.7 billion in sales for the shopping giant Amazon’s share price has risen 1.7% during the shopping extravaganza In a world that favors convenience and cheap shopping, it’s no wonder that…

Key takeaways Care company Kaiser Permanente is laying off 49 workers in HR The company is grappling with a huge healthcare workers’ strike Kaiser says those affected aren’t unionized workers, and the changes won’t impact patient care Care consortium Kaiser Permanente has announced its intention to slash dozens of jobs in San…