New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to be a $2 billion deal. In a press release, Blackstone said it entered into an agreement with Levine Leichtman Capital Partners to purchase…

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TikTok’s chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban its popular short video app used by 170 million Americans. “Rest assured – we aren’t going anywhere,” CEO Shou…

For the first time in 50 years, Bill Belichick will not be on an NFL sideline.Belichick’s first job in the NFL came in 1975 as a special assistant with the Baltimore Colts. He then progressed to become one of the greatest head coaches ever, guiding the New England Patriots dynasty.But…

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.Greylock PartnersRubrik, a data management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter. That’s above its expected range.The 10-year-old company had…

A U.S.-led resolution that would prevent using nuclear weapons in outer space received dozens of co-sponsors, but Russia vetoed the measure amid reports it has deployed a weapon that can destroy satellites. “The detonation of a nuclear weapon in space would destroy satellites that are vital to communications, agriculture, national security,…

The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Shannon Stapleton | ReutersChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher traffic to its restaurants.The stock rose 4% in extended trading.Here’s what the company reported compared with what Wall Street was expecting,…

Tesla CEO Elon Musk said the EV-maker is planning to bring newer, more affordable models in early 2025 after recent uncertainty about the status of the company’s long-discussed plans for a lower-cost EV in its lineup. Musk pushed back on a report by Reuters from earlier this month, which cited…

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