Forever 21 seeks rent concessions, facing financial struggles
Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The retailer, which has more than 380 stores in the U.S., has asked some landlords to cut its rent by as much as 50%, people familiar […]
‘A few motherly words of wisdom can go a long way’: My two adult sons will each inherit $100,000. What should they do with it?
“We live in the greater Boston area, so housing costs are extremely high.”
Citigroup, JPMorgan Chase, Goldman hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of […]
Ardent Health Partners files for IPO
Hospital operator Ardent Health Partners, which is backed by an investment firm founded by the late real-estate magnate Sam Zell, has filed for a initial public offering, according to regulatory documents submitted Friday.
Eli Lilly expects FDA call on Zepbound for sleep apnea in near term
Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year. If cleared by the Food and Drug Administration, the company plans to launch Zepbound for so-called obstructive […]
The S&P 500 and its biggest stocks are showing cracks and fissures
Bulls are hanging on even as the market looks increasingly overbought.
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National […]
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and […]
Apple offers a bullish lesson for Nvidia, even as the chip stock heads for a dip
“Just because market value is transferring quickly, doesn’t make it wrong,” an analyst says.
U.K. consumer confidence climbs in June as inflation eases
U.K. consumer confidence improved slightly in June on improved assessment of the economy, as inflation eases and ahead of national elections, a monthly survey said.
