What's on Your Mind?

U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was “inconsistent” with certain company policies. The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said. The surprise ouster of the 64-year-old executive comes after the company in December terminated a two-year effort to buy rival Albertsons in a $25 billion deal, an attempt McMullen had staunchly defended as a way to fight higher prices and better compete with Walmart and Costco. Meanwhile, Albertsons has sued Kroger for an alleged breach of contra…

There’s more to winning than just winning. The way someone handles their tremendous success, after all, can transform a winner back into a loser—something Adrien Brody proved last night with a rambling, rule-defiant acceptance speech that managed to snatch reputational defeat from the jaws of career victory. With many of his peers gathered under one roof, and the whole world watching, he put on a masterclass in how not to behave at work. Not only did Brody win his second best actor award last night—this one for The Brutalist, putting him in an elite class of multi-winners along with Tom Hanks, Jack Nicholson, and Marlon Brando—he also won a slot in the Guinness World …

Sunday night marked Hulu’s first time airing the Oscars live. But its academy awards debut ended on a chaotic and frustratingly premature note. Hulu’s livestream cut off in the final moments of the show — with two major award categories, best actress and best picture, still to be announced because of a scheduling system issue. Those viewing the awards ceremony on Hulu instead saw an error code message that stated the event was over. Viewer outrage, predictably, ensued online. Fans, including those throwing Oscar-viewing parties, eagerly await the final, pivotal moments of the show. Hulu viewers missed Mikey Madison and “Anora” win the night’s titles for both b…

At last night’s Academy Awards, the standout star proved to be the indie film Anora, which raked in a whopping five awards on a budget of only $6 million. When director Sean Baker took the stage to accept his Oscar for best director, he used the moment to issue a call to action: a plea to the industry to reinvest in movie theaters. “Watching a film in the theater with an audience is an experience,” Baker told the crowd. “We can laugh together, cry together, scream in fright together, perhaps sit in devastated silence together. [. . .] It’s a communal experience you simply don’t get at home. And right now, the theatergoing experience is under threat.” Baker went on…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. When assessing home price momentum, it’s important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate pricing softness or weakness. Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 30 months. Conversely, local housing ma…

Hollywood is waking up to the power of influencers. That starts with MrBeast. Amazon’s Beast Games cost hundreds of millions to produce. Some of that came from the streamer, but much of it came from the pockets of MrBeast, whose real name is Jimmy Donaldson. On the Diary of a CEO podcast, he estimated “tens of millions” in losses from the show, admitting that he was an “idiot” for spending so much. But it was all for one goal: To knock down the Hollywood door so other creators could score their own production deals. But MrBeast misunderstands the power balance. In the attention economy, influencers have the eyeballs right now. Amazon’s acquisition of Beast Games …

Finding fulfilling and motivating work is a challenge for many people, but it can be especially difficult for those just starting their careers. And as Generation Z professionals—those born between 1997 and 2012—increasingly seek personalized career paths, managers are tasked with helping employees find meaning in their roles while also meeting organizational goals. Some managers may view Gen Z’s desire for meaningful work as a form of entitlement, but dismissing it can be costly. Research shows that employees who find their work meaningful experience greater job satisfaction, which directly boosts productivity. Meanwhile, ignoring this need can lead to higher employe…

Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday. The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock’s market closing price of HK$363.60 on Monday. The offering is expected to be priced on Monday, the term sheet said. BYD did not immediately respond to a Reuters’ request for comment. The company plans to use the proceeds to invest in research and development, expand overseas businesses, supplement working capital, and for gen…

Catherine Bashiama runs her fingers along the branches of the coffee tree she’s raised from a seedling, searching anxiously for its first fruit buds since she planted it three years ago. When she grasps the small cherries, Bashiama beams. The farmer had never grown coffee in her village in western South Sudan, but now hopes a rare, climate-resistant species will help pull her family from poverty. “I want to send my children to school so they can be the future generation,” said Bashiama, a mother of 12. Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global cof…

The closing days of February were not good ones for job security in the tech industry. Over the month’s final week, major industry players, including HP, Grubhub, and Autodesk announced plans to reduce their workforce, while another startup seems to be shutting down entirely. Here’s what you need to know about the latest round of tech layoffs. HP to cut up to 2,000 workers Without a doubt, the largest number of job cuts over the last week of February was announced by computer maker HP. In a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), dated February 27, HP revealed it will eliminate between 1,000 and 2,000 of its workers. The layoffs …

There were a lot of smiling faces at the Oscars but one had to stand out—Sean Baker saw his film Anora go home with the top film prize and he took four for himself. Its star Mikey Madison was crowned best actress. Twenty-two years after winning best actor for The Pianist, Adrien Brody won the same Oscar again for his performance as another Holocaust survivor in Brady Corbet’s The Brutalist. He somehow kept the playoff music at bay. On Sunday, firefighters who battled recent wildfires got applauded, Mick Jagger handed out the best original song Oscar, and John Lithgow was tasked with looking “slightly disappointed” when speeches ran long. One highlight was Timothée Chala…

Banana Republic wants you to be ready for check in at whichever balmy, poolside escape you might venture to after months of clutching hot toddies and sloughing on heavy duty night creams. [Photo: Banana Republic] Its new White Lotus collection, made in collaboration with the hit HBO show, is a resort collection that’s about allowing its wearers to enjoy an uncomplicated spritz and shvitz in options they can pull from their suitcase while using their PTO. Banana Republic designed the mens and women’s capsule collection, available in 26 stores and online beginning March 6, with weighty high quality and ethically sourced fabrics. Prices range from $40 to $300. But mor…

Red Robin Gourmet Burgers is looking to close up to 70 underperforming locations, representing about 14% of the 498 restaurants that were operating as of the end of last year. The company has already closed one restaurant upon lease expiration, it said in an earnings release last week, and it plans to close three additional locations within the first quarter of 2025. Most of the 70 locations are likely to close at some point in the next five years once their leases expire, Restaurant Dive reported, with as many as 15 closing this year. This decision follows a review of the company’s operations, which revealed that these sites are not meeting performance expe…

There’s a cat-and-mouse game between those using generative AI chatbots to produce text undetected and those trying to catch them. Many believe they know the telltale signs—though as a journalist fond of the word “delve” and prone to em-dashes, I’m not so sure. Researchers at four U.S. universities, however, have taken a more rigorous approach, identifying linguistic fingerprints that reveal which large language model (LLM) produced a given text. “All these chatbots are coming out every day, and we interact with them, but we don’t really understand the differences between them,” says Mingjie Sun, a researcher at Carnegie Mellon University and lead author of the st…

America has been dealing with a bird flu outbreak for some time, and now fears over possible contamination in cat food have led to a recall. Here’s what to know about the recall of cat food linked to possible bird flu contamination. What’s happened? On March 1, the U.S. Food and Drug Administration (FDA) published a recall notice relating to certain products sold by Wild Coast LLC (dba Wild Coast Raw) of Olympia, Washington. The recalled products are raw pet food for cats. The reason? The products may be contaminated with Highly Pathogenic Avian Influenza (HPAI) H5N1, better known as bird flu. The bird flu virus can live in manufactured products, including pet …

Over the past decade, as I’ve curated this annual list of best bags, there’s been a strong focus on utility. But this year, bag designers are eager to create bags that make a statement, while also improving women’s lives with useful features. In some ways, the bag industry is coming full circle. When I first started working on this list, the bag industry was dominated by big brands like Coach and Kate Spade that were more concerned with fashion than function. But then, a new generation of direct-to-consumer brands like Dagne Dover, Cuyana, and Senreve popped up, creating bags full of features like laptop and water bottle sleeves that helped women get through busy days…

There are a few workplace topics that consistently bring out strong feelings, and performance reviews is at the top of that list. While most people would agree that it’s a good thing to have a tool to measure how employees are doing at their jobs, and a time for managers to discuss career advancement, very few seem to think that the way performance reviews are currently set up is working. In fact, a Gallup survey last year found that only 2% of human resource officers at major companies think their performance management system is working and just 22% of workers felt their review process was “fair and transparent.” One of the biggest complaints employees have …

After 23 years as part of advertising and marketing services holding company IPG, creative agency R/GA bought back its independence through a new partnership between R/GA’s global management and private equity firm Truelink Capital. It marks the official announcement of a move reported by AdAge earlier this month, and after leaks about a potential sale emerged last summer. The management team leading the agency back to private business is headed by R/GA’s global CEO, Robin Forbes, and chair and global chief creative officer Tiffany Rolfe. Truelink Capital is also an investor in marketing tech companies Flipp and Ansira, as well as experiential marketing firm GES. Fin…