Nordstrom’s shares are up. But executives are staying cautious on the rest of the year.
Shares of Nordstrom Inc. leapt higher after hours on Tuesday after the department-store chain nudged the low end of its full-year sales outlook higher, a move the company said was due to taxes and a “supply chain asset impairment.”
Nordstrom (JWN) earnings Q2 2024
Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per […]
Nvidia’s bonds in demand heading into earnings, as investors eye companies expected to benefit from AI spending
As excitement continues to build ahead of Wednesday’s earnings report from artificial-intelligence juggernaut Nvidia Corp., bondholders have been snapping up the company’s bonds, along with those of others expected to benefit from AI infrastructure spending.
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the […]
NFL private equity ownership vote expected to approve select firms
The NFL’s most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League’s 32 owners are expected to vote in favor of allowing select private equity firms to buy up to a 10% stake of a team. Each fund or consortium will […]
‘I don’t want anyone telling me what to do’: My second husband wants to put our $750,000 home in a trust for his children. Does he have the right?
“After I retired I sold my home that we had been living in and it became part of my portfolio.”
Japan’s finance minister vows to carefully monitor effects of possible U.S. rate cuts
Japan’s government will keep a close eye on the impact of possible U.S. interest rate cuts on the Japanese economy, the country’s finance minister said Tuesday.
Bitcoin rally helps create 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to […]
Lowe’s becomes latest company to back away from diversity plans
Home-improvement retailer Lowe’s Cos. has become the latest company to change its approach to diversity, equity and inclusion, amid an increase in legal challenges to the corporate world and pressure from conservatives.
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty Images Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular on restaurant checks in recent years. Last year, 15% of restaurant owners added surcharges […]
