CrossFit, the crisis-riddled fitness company, is for sale once again. The sale comes against the backdrop of several tumultuous years for the fitness brand, after a drowning at last year’s CrossFit Games, a significant drop in registrations for its annual membership-wide competition and deepening financial concerns. The company, which has 10,000 affiliate gyms across the … Read more
French wine producers have typically had a love-love relationship with the United States, their biggest export market. But President Trump’s threat to impose 200 percent tariffs on European wine, Champagne and spirits sent shudders through grand châteaus and small vineyards across the country. “A 200 percent tax on European wines and spirits would mean an … Read more
The cloud behind the inflation silver lining Even upbeat economic news can offer little comfort to markets and the C-suite. Stocks look set to open lower as relief over Wednesday’s better-than-expected inflation report fades, and concerns grow that a trade war could sap consumer spending and corporate profits. That’s led more corporate chiefs to speak … Read more
The German defense contractor Rheinmetall, Europe’s largest producer of munitions, said on Wednesday that it was positioned to profit from the region’s willingness to increase military spending as President Trump shifts the United States away from its support of Europe. Defying the malaise that has plagued the German economy for the past two years, Rheinmetall … Read more
President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration. But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did … Read more
As Delaware lawmakers prepare to hold hearings tomorrow about a bill that could reshape corporate America, some of the biggest corporate law firms are coming out in favor of it. On Tuesday, 21 corporate law firms — including Simpson Thacher and Bartlett; Cravath, Swaine & Moore; and Paul, Weiss, Rifkind, Wharton & Garrison — will … Read more
Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on. In afternoon trading, the electric-car maker’s shares were down more than 13 percent for the day, … Read more
At Le Bouillon Chartier in Paris, the recipe for a perfect beef Bourguignon involves beef, carrots, wine, butter and “coquillettes,” a tiny macaroni-shaped pasta. It is cooked for at least three hours. And it must be affordable, so the price cannot be more than 10 euros a dish. Since 1896, the belle epoque eatery has … Read more
Who’s in the room President Trump’s tariff policy has given corporate chiefs and investors a serious case of whiplash. While the markets cheered on Wednesday’s delay on auto sector levies, setting off an impressive late-day rally, the move also adds to the confusion about what comes next. The latest: There’s increasing buzz that agricultural products … Read more
Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump. When Mr. Trump entered the ornate State Dining Room after a short wait, the executives … Read more