Author: Daniel snow

Bath & Body Works names Daniel Heaf, a recent Nike executive, as CEO

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Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024.Justin Sullivan | Getty ImagesBath & Body Works has a new chief executive officer, its second in less than 3 years.The personal care, home and beauty retailer has named Daniel Heaf as its new CEO, effectively immediately, replacing Gina Boswell. Heaf was most recently Nike’s chief strategy and transformation officer until his role was eliminated by the sneaker giant’s new CEO Elliott Hill.Boswell joined Bath & Body Works as CEO in December 2022 from consumer products giant Unilever. In March, Bath & Body Works disclosed Boswell…

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During the 9–5, employees are interrupted every 2 minutes

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The workday is full of distractions.In fact, during the 9-to-5, employees are interrupted every two minutes by meetings, emails and other pings, according to Microsoft’s recent report 2025: The Year the Frontier Firm Is Born.And this “isn’t taking into account if you have WhatsApp open or if you have Spotify or YouTube open,” says Alexia Cambon, senior research director at Microsoft. “Those are additional signals that are probably also adding to the disruptions.”If you feel like constant distractions are getting in the way of you actually doing your job, there are methods to ensure you have dedicated quiet time to…

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We’re adding to our newest stock on the dip. It was a winner in Trump’s Mideast trip

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Shortly after the opening bell, we will be buying 35 shares of GE Vernova at roughly $418.25. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 80 shares of GEV, increasing its weighting to about 1.0% from 0.55%. The S & P 500 was indicated about 1% lower, and Treasury yields rose after Moody’s late Friday downgraded the U.S. credit rating one notch from the highest Aaa to Aa1. Moody’s was the last of the three major credit rating agencies to downgrade the U.S. from a triple-A rating. Standard & Poor’s cut its rating in 2011, and Fitch downgraded the…

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Klarna doubles losses in first quarter as IPO remains on hold

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Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering.The Swedish payments startup said its net loss for the first three months of 2025 totaled $99 million — significantly worse than the $47 million loss it reported a year ago. Klarna said this was due to several one-off costs related to depreciation, share-based payments and restructuring.Revenues at the firm increased…

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Buffett won’t take stage at next year’s Berkshire shareholder meeting

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People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders’ meeting, in Omaha, Nebraska, U.S., May 3, 2025.Brendan McDermid | ReutersOutgoing Berkshire Hathaway CEO Warren Buffett will not take the stage at next year’s annual meeting, leaving that tradition to successor Greg Abel, CNBC’s Becky Quick reported Monday.The meeting, dubbed the “Woodstock of Capitalism,” will still take place in Omaha, Nebraska, and feature questions from shareholders, but Abel will be the executive fielding questions. The change was first reported by the Omaha World Herald reported on Sunday.The news comes…

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