As many retailers look for ways to shrink store counts and square footage, Dick’s Sporting Goods is going bigger.The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square feet, more than double the 50,000 for its traditional locations. The sporting goods company believes it’s working.”We needed to build the concept that will kill Dick’s Sporting Goods,” Edward Stack, executive chairman and son of founder Dick Stack, told CNBC in an exclusive interview at Dick’s House of Sport store in Pittsburgh. “We need to build the concept that if somebody else built…
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Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center in Yorktown Heights, New York on June 6, 2025.Angela Weiss | Afp | Getty ImagesThe Trump administration is in talks with several quantum-computing firms about giving the Commerce Department equity stakes in exchange for federal funding, the Wall Street Journal reported on Wednesday. The Journal, citing anonymous sources familiar with the matter, said the companies include IonQ, Rigetti Computing and D-Wave Quantum. Other firms, such as Quantum Computing Inc. and Atom Computing, are considering similar arrangements, it added. The news aligns with recent efforts by Washington…
Japan’s top power generator JERA said on Thursday it will acquire natural gas production assets in the United States for $1.5 billion. Bloomberg | Bloomberg | Getty ImagesJapan’s top power generator JERA said on Thursday it will acquire natural gas production assets in the United States for $1.5 billion, in its first foray into shale gas production.JERA said it has reached an agreement with pipeline operator Williams and GEP Haynesville II to acquire 100% of their interests in the South Mansfield gas field in western Louisiana’s Haynesville Shale basin.GEP Haynesville II is a joint venture between GeoSouthern Energy, backed by Blackstone, and Williams.Williams separately announced a $1.9 billion investment in Woodside Energy’s liquefied natural gas production and export terminal under construction in Louisiana.JERA, a joint venture…
Starbucks Workers United is kicking off a strike authorization vote Friday, as the union representing baristas makes a bid to secure a contract with the coffee giant.The union also said it is planning a wave of rallies and pickets across the country with its baristas and allies.Voting on authorizing a strike at unionized cafes will be open for several days. If approved, the strike itself would be open-ended, with specifics to be determined. As the voting occurs, seventy rallies and pickets will take place from Friday through Nov. 1 across 60 cities, the union said. If the union votes to…
Mikael Sjoberg | Bloomberg | Getty ImagesSweden’s Volvo Cars on Thursday posted stronger-than-expected third-quarter profit, prompting shares to rally by around 40% and putting the stock on track for its best-ever trading day.Volvo Cars, which is owned by China’s Geely Holding, posted operating income for the July-September period of 6.4 billion Swedish kronor ($680.4 million), well above analysts’ expectations and up from 5.8 billion kronor a year earlier. The company said the result was largely driven by its ongoing 18 billion kronor cost-saving program, as well as certain one-off items. The Stockholm-listed stock price jumped as much 41% on Thursday…
The U.S. weighed curbs on software-related exports to China, responding to Beijing’s rare earth export controls, ahead of a critical round of negotiations. Source link
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty ImagesShares of Gucci owner Kering jumped over 9% on Thursday after the company’s sales decline narrowed and quarterly earnings beat estimates.The French luxury giant – whose brands include Gucci, Saint Laurent and Balenciaga – reported sales of 3.42 billion euros ($3.97 billion) for the third quarter, a 5% decline on a comparable basis from the same period a year earlier. It marked an improvement from the second quarter, when comparable sales fell 15% year-on-year.Sales at Gucci, the firm’s biggest brand,…
A new residential complex under construction in Hangzhou, Zhejiang Province, China on October 20, 2025. Cfoto | Future Publishing | Getty ImagesBEIJING — Chinese policymakers are unlikely to shore up the country’s struggling real estate sector, analysts told CNBC, even as the housing slump drags on economic growth.The assessment comes as China’s top leaders, called the Central Committee, are due to wrap up a four-day meeting Thursday, which will outline priorities for the next five years.In Beijing’s view, the property sector’s drag on growth has eased, while technological development is a more urgent priority in the current geopolitical landscape, said…
U.S. President Donald Trump speaks with Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. Kevin Lamarque | ReutersThere was a stony silence from Moscow a day after the U.S. President Donald Trump criticized Russian President Vladimir Putin and slapped punishing sanctions on Russia’s two largest oil companies.Just days after a “very productive” phone call between the two leaders — in which they agreed to meet in Hungary and after which the U.S. president appeared to take Russia’s side regarding a…
A worker carries out maintenance tasks at the Eustream gas facility on February 25, 2025 in Velke Kapusany, Slovakia.Robert Nemeti | Getty Images News | Getty ImagesThe European Union on Thursday launched a fresh round of sanctions against Russia for its war in Ukraine, joining the U.S. by targeting Moscow’s energy infrastructure.The package of measures, which member states approved on Wednesday evening, includes a ban on Russian liquefied natural gas (LNG) imports.It comes shortly after U.S. President Donald Trump, in a major policy shift, announced new sanctions against Rosneft and Lukoil, two of Russia’s largest oil companies.Trump told reporters on Wednesday that he felt…
