business

Max Knoblauch8/14/24

It's CEO-poaching season, and investors are buying it

Victoria’s Secret has a new plan to combat increased competition from brands like Rihanna’s Savage X Fenty: steal their CEO.

The struggling retailer announced that it hired a new chief exec, Savage X Fenty boss Hillary Super. Its shares are up about 14% today on the news, chipping away at some of the lingerie company’s losses (its shares were down 28% this year as of Tuesday night).

The corporate poaching comes just a day after Starbucks announced its new CEO: Chipotle’s CEO. The coffee giant nabbed Brian Niccol (who Chipotle had poached from Taco Bell in 2018), sending its shares soaring more than 20% Tuesday. Chipotle's stock fell by about 8%.

Two things appear to be pretty clear: investors love boardroom drama, and executives don’t seem to be burdened by non-compete clauses.

Victoria’s Secret Nabs Rihanna Brand CEO to Lead Turnaround

The corporate poaching comes just a day after Starbucks announced its new CEO: Chipotle’s CEO. The coffee giant nabbed Brian Niccol (who Chipotle had poached from Taco Bell in 2018), sending its shares soaring more than 20% Tuesday. Chipotle's stock fell by about 8%.

Two things appear to be pretty clear: investors love boardroom drama, and executives don’t seem to be burdened by non-compete clauses.

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Apple is turning 50 today and it doesn’t look a thing like its younger self

From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.

Birthday Green apple

The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26

business

Max Knoblauch3/30/26

JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant

Now, McCormick is eyeing Unilever’s food business.

Bottles of Frank's RedHot Xtra Hot and Sweet Chili on a

Crocs’ prince charming

ByChrisStokel-Walker

FriMar 272026

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