Deira Trading Company

Twin Peaks goes public, Panera, Fogo de Chao consider IPOs

Twin Peaks sports bar in Louisville, Kentucky. Google Maps Sports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public. The IPO market has been tepid for several […]

December pending home sales drop as mortgage rates surge

Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors. The drop followed four straight months of gains and the index was at its lowest level since August. These so-called pending sales are an indicator of […]

RFK Jr. struggles with Medicare, Medicaid basics in Senate hearings

Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 30, 2025.  Nathan Howard | Reuters Robert F. Kennedy Jr., President Donald Trump’s pick to lead the Department of […]

CEO says it’s not clear why helicopter came into flight path

CEO of American Airlines Robert Isom addresses the media, after American Eagle flight 5342 collided with a Black Hawk helicopter while approaching Ronald Reagan Washington National Airport and crashed into Potomac River, in Washington on Jan. 30, 2025. Kevin Lamarque | Reuters American Airlines CEO Robert Isom said Thursday morning that the regional jet that […]

LVMH watches, jewelry CEOs see luxury sales picking up

After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs. In its earnings call this week, LVMH reported that sales for its watches and jewelry group increased 3%, after falling in the […]

Billionaires bet on AI to security guards

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Europe’s richest person, Bernard Arnault, built his fortune on designer handbags and Champagne. His latest bet: security guards. Last week, Arnault’s […]

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