TJX’s stock rises toward a record after earnings, as customers shopped more
TJX’s stock rose toward a record Wednesday after the discount apparel and home fashions retailer beat fiscal first-quarter profit expectations and raised its full-year outlook.
Buy now, pay later firms must comply with U.S. credit card laws
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal protections as users of credit cards. […]
30-year mortgage rate drops to a seven-week low
Mortgage rates fell for the third week in a row, boosting refinancing activity.
Where U.S. rents are rising
Driven by the work-from-home dynamic, as well as by new migration patterns, both single-family and multifamily rent prices were red-hot during the first years of the pandemic. Now different drivers are pushing some rents higher — and throwing cold water on others. Multifamily rents in April were 0.8% lower than they were in the same […]
Target (TGT) Q1 2024 earnings
A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The Minneapolis-based retailer has set low expectations for the year ahead. […]
Crypto bulls think ether ETF approval could send prices to new highs — and make way for more funds
It seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.
Macy’s (M) Q1 2024 earnings
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be closing five stores in order to […]
The revolt against skinny jeans is at its midpoint, Urban Outfitters says. But ‘hints of a reversal’ could emerge in years ahead.
Shares of Urban Outfitters Inc. raced higher after hours on Tuesday after the clothing retailer reported first-quarter results that beat expectations.
McDonald’s franchisee group cheers $5 value meal, pushes for more
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, on April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing in on the company’s upcoming value meal promotion, cheering affordability for the consumer, but pushing […]
Short seller alleges misleading investors
A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn’t the online-only retailer it’s claimed to be. The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly public retailer, including that it runs a fleet of stores in Israel […]
