Ford joins list of companies walking back DEI policies
Ford Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives. The automaker has taken “a fresh look” at its DEI policies and practices over the past year to take in to account the evolving “external and legal environment related to political and social issues,” according to […]
Is the stock market open on Labor Day? Will Costco be closed?
The September holiday is the last big hurrah of summer, but that also means many businesses and offices won’t be operating as per usual.
Abercrombie & Fitch (ANF) earnings Q2 2024
An Abercrombie & Fitch store in the Soho neighborhood of New York, US, on Monday, Aug. 19, 2024. Abercrombie & Fitch Co. is scheduled to release earnings figures on August 28. Photographer: Yuki Iwamura/Bloomberg via Getty Images Yuki Iwamura | Bloomberg | Getty Images Abercrombie & Fitch‘s revenue grew 21% during its fiscal second quarter […]
Super Micro’s stock rocked by disclosure of accounting concerns
Super Micro’s stock was suffering its biggest selloff in six years after the computer-products company and artificial-intelligence play said it will miss the deadline to file its annual report because it needs more time to check on accounting controls.
Foot Locker (FL) earnings Q2 2024
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according […]
‘Avengers’ star Jeremy Renner is selling the home where he recovered from near-fatal snowplow accident
The “Hurt Locker” actor is is selling off his “forever home” in Los Angeles for $13 million as he attempts to downsize after the accident.
Lego revenue jumps 13% in first half of 2024
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images An inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick. On Wednesday, Lego said revenue during the first six months of the year […]
NFL wants to take percentage of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024. Michael Reaves | Getty Images The National Football League has informed owners and investment firms that it intends to […]
Bank of Japan official reiterates its readiness for more rate hikes
Bank of Japan Deputy Gov. Ryozo Himino on Wednesday repeated the central bank’s stance of raising interest rates further as long as the economy and prices grow as expected.
Eli Lilly releases new, cheaper form of weight loss drug
Eli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach millions of patients without insurance coverage for the popular injection, such as those with Medicare. The move also aims to expand the supply of Zepbound in the U.S. as demand skyrockets, […]
