Future FinTech stock drops 17% after SEC charges CEO
Shares of Future FinTech Group FTFT, -3.07% fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the company’s share price just before he took over as chief executive. The stock slipped 17% to $1.07 in after-hours trading Thursday. Shares are down over 48% over the past 12 months. The SEC alleged […]
New York and California make retail theft top 2024 priority
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices […]
SEC Twitter hack: Here’s how to protect your own account on X
Recent hacks of high-profile accounts on X, formerly Twitter, are putting a spotlight on the social-media platform’s security — and serving as a reminder that every user should take steps to protect their own accounts. The Securities and Exchange Commission and even cybersecurity firm Mandiant have recently seen their X accounts compromised. On Tuesday, the SEC’s account […]
CVS to close ‘select’ pharmacies in Target stores in the coming months
A person walks by a CVS pharmacy store in Manhattan, New York, U.S., November 15, 2021. Andrew Kelly | Reuters CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February […]
Fed’s Mester says March is probably too early for rate cut
Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March. Asked in an interview on Bloomberg television about market expectations for a move in March. Mester replied: “I mean it’s hard to predict the future, as you know, and it’s really going to […]
Neiman Marcus CEO addresses Saks sale rumors
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely […]
Wolverine World Wide sells Sperry to Authentic Brands Group
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday. The deal will generate $130 million, which Wolverine plans to use to pay down debt, it said. […]
How can my parents pay for long-term care? Should they do a reverse mortgage?
Both of my parents will need long-term care soon, and my family is wondering what the best way is for them to pay for it. We’re concerned their cash will be drained in the next six to 12 months. They’re not on Medicaid at the moment, but they have a house that has been in […]
LeBron James signs Fanatics deal, leaves Upper Deck
LeBron James signs with Fanatics Collectibles in a trading card deal, leaving Upper Deck after 20 years. Courtesy: Fanatics LeBron James is moving his trading card sponsorship to Fanatics Collectibles after more than 20 years with rival Upper Deck. Fanatics will kick off the deal by selling a unique Bowman brand card featuring a dual […]
DeSantis, Haley clash over his Disney fight at Iowa GOP debate
Florida Gov. Ron DeSantis defended his high-profile battle against the Walt Disney Co. during a debate on Wednesday night, while rival Republican presidential hopeful Nikki Haley criticized his treatment of the entertainment giant. “The proper role of government, if it means anything, it’s to protect our kids, and I’ve stood for the innocence of our […]
