July home sales break 4-month losing streak as supply rises nearly 20%
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months. Sales were 2.5% lower compared with the same time last year. Sales saw the biggest gains in the […]
Ford delays new EV plant, cancels electric three-row SUV
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric commercial van […]
Why is the U.S. Treasury blocking the Fed’s effort to fight inflation?
U.S. Treasury’s debt issuance has effectively offset all of the Fed’s 2023 interest-rate hikes.
Target CEO Brian Cornell weighs in on price gouging
There’s no room for price gouging in an ultracompetitive business like retail, Target CEO Brian Cornell said Wednesday. In an interview on CNBC’s “Squawk Box,” the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business. He was asked by CNBC’s […]
‘There’s not a lot of dignity in a dollar bill’: I tip the bartender and coat-check person $1. Does that really make me cheap?
“How much more money are we being asked to give when we buy small items? It’s ridiculous.”
TJX Companies (TJX) earnings Q2 2025
TJX Cos. raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street’s expectations. The discounter behind Marshalls, HomeGoods and T.J. Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG. For the […]
Paramount extends deadline for Skydance rivals after Bronfman raises buyout bid
In the latest twist for the media-industry merger drama that refuses to end, Edgar Bronfman Jr. has upped his offer to media heiress Shari Redstone’s National Amusements and a piece of Paramount Global — just before a key deadline for rival bids, according to a report on Wednesday.
Paramount-Skydance ‘go shop’ period extended to review Bronfman offer
Edgar Bronfman, Jr. Cameron Costa | CNBC The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion late Monday […]
‘I’ve been in school since 1992’: I’m a veteran, 53, with six degrees. I plan to discharge my $245K student debt due to my disability. Is this immoral?
“I’ll likely end up with over a $1 million student-loan balance, but I don’t want to give up that additional source of income.”
Macy’s (M) Q2 2024 earnings
Macy’s cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions. The retailer posted a mixed quarter, as it topped Wall Street’s earnings expectations but missed on revenue. Macy’s said it now anticipates net sales of between $22.1 billion and $22.4 billion, which is […]
