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2025-12-09T23:12:47.876Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Cracker Barrel, in its financial results for Q1 of fiscal 2026, reported a 5.7% decrease in revenue. CEO Julie Masino blamed the results on “unique and ongoing headwinds.” The chain’s stock dropped sharply in after-hours trading and has fallen more than 50% this year. Cracker Barrel released its Q1…

A pizza chain founded by the brother of tennis star Michael Chang, and once backed by NBA superstar Kevin Durant, is seeking bankruptcy protection after years of store closures.The parent company of Pieology filed for Chapter 11 bankruptcy protection on Tuesday in California, stating that its debts exceed its assets by at least double. The filing lists over 200 creditors, including many landlords and vendors.The chain, founded in 2011, built its reputation on letting customers “craft” their own pizzas, calzones, and other foods. By 2022, it was boasting 130 locations in a press release announcing Shawn Thompson, a former Tim…

Gen Z is carrying Coach — literally and figuratively.That demographic of shoppers, born between 1997 and 2012, is the “center of the bull’s-eye” for the luxury handbag brand, according to Scott Roe, CFO and COO of Coach’s parent company Tapestry.Now, Tapestry wants to replicate the success it has had with Coach for Kate Spade, which it acquired in 2017.Roe talked at length about Tapestry’s focus on Gen Z during an upcoming episode of Monica Langley’s “Office Hours: Business Edition” podcast, set to release on Wednesday. Business Insider got an exclusive look at the episode’s transcript.Coach zeroed in on Gen Z…

Eli Lilly CEO David A. Ricks speaks at a press conference at Generation Park in Houston, Monday, Sept. 23, 2025. The company announced plans for a $6.5 billion biomanufacturing plant in north Houston. (Raquel Natalicchio/Houston Chronicle via Getty Images)Raquel Natalicchio | Houston Chronicle | Getty ImagesEli Lilly on Tuesday said it will spend $6 billion to build a manufacturing plant in Huntsville, Alabama, to help boost production of its closely watched experimental obesity pill and other drugs. It is the third facility in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would…

The U.S. Department of Education announced Tuesday that it had reached a proposed settlement agreement to end a popular, yet controversial Biden-era student loan repayment plan. The Saving on a Valuable Education plan, better known as SAVE, was the most flexible and generous of all income-driven repayment plans, promising expedited loan forgiveness and monthly payments as low as $0 for low-income borrowers. Republican state attorneys general, led by Missouri, sued the Biden administration, arguing in court that SAVE was too generous. The legal challenges put all SAVE borrowers in limbo for months, during which they were not required to make…

A former Disney executive who oversaw its dealmaking expects “more fireworks” in the bidding war for Warner Bros.”I would be very surprised if we don’t see a sweetened, and perhaps meaningfully sweetened, offer” from Netflix, Paramount Skydance, or both, said Kevin Mayer, Disney’s former top dealmaker, on Tuesday at the UBS media conference.On Friday, Netflix agreed to buy Warner Bros. Discovery’s streaming and studio assets for $82.7 billion, including debt. Paramount Skydance then launched a hostile offer, saying on Monday that it’s willing to pay $108.4 billion for the whole firm, including the TV networks like CNN and HGTV. Executives…

2025-12-09T18:08:35.669Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Many professionals find AI tools helpful for work, but hide their usage from colleagues. In a recent Anthropic report, 69% of respondents mentioned the social stigma of using AI at work. Are you an “AI creeper,” too? Take our survey to share more about your experience. Do you lower…

The dealmaking market has been growing hotter by the minute, as a robust corporate merger backdrop is driving pay packages higher on Wall Street.Banks need elite talent to tackle what’s expected to be a busy 2026, forcing them to compete for top dealmakers amid one of the strongest M&A backdrops in years. The industry “will probably have the second biggest year in history,” Goldman Sachs CFO Denis Coleman said on Tuesday at a financial industry conference hosted by the firm, noting that the bank has already advised on activity “north of a trillion dollars” this year.Coleman acknowledged the intensity of…

My partner Sam and I had been dating for about three years when the conversation about opening a joint bank account came up. We weren’t married at the time, but we had just started living together after moving to Canada for a working holiday.Until then, we split most things evenly. Sam had always earned more money than I did, but I was determined to pay my own way. Often, he would treat me to dinner or a movie, but I tried to reciprocate as much as possible.When we moved in together in Canada, dividing up all of our shared expenses…

Living with a friend isn’t unusual for a 23-year-old. Buying a house with your bestie, though, is far less common.Sophie Harper and Madison White did exactly that in 2022, purchasing a three-bedroom home just outside Austin.By pooling their income, Harper and White were able to become homeowners before they turned 25.From roommates to homeownersHarper and White, both 27, first lived together as random roommates their first year at Whittier College in Southern California.”We met the first day when we moved in, and we just hit it off,” Harper told Business Insider. “We became best friends.”They didn’t live together the rest…