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 […]
Macy’s is trying to listen to its customers more. The efforts are showing signs of working.
Macy’s reported quarterly results as its customers, still grappling with higher-priced groceries and other necessities, remain selective about the clothing and home goods that they buy. The company’s rivals are still cutting prices to spur demand.
Disney’s Pixar lays off 14% of workforce
A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S. Bloomberg | Getty Images Long-expected layoffs are hitting Pixar Animation Studios today. Pixar will lay off about 175 employees, or around 14% of the studio’s workforce, a spokesperson for parent company Walt Disney told CNBC. The cuts come as […]
The six most surprising things that happened at Trump’s hush-money trial
With the conclusion of testimony, it was David Pecker, Stormy Daniels and Michael Cohen who provided fireworks as Trump seethed in the courtroom
Lowe’s (LOW) Q1 2024 earnings
An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot […]
