Target, McDonald’s and others are offering value as they lose ground with bargain hunters
A “low price” sign hangs from a shelf at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle…
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Rollback in IRA’s EV incentives would benefit China, says GM board member
Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to…
Home sales slipped unexpectedly in April, despite big gains in supply
Sales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized…
GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit.Michael Wayland…
Target shares tumble 10% as consumers buy fewer groceries and home goods
A customer shops at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget on Wednesday…
It’s not your imagination. Pickleball courts are everywhere
People play pickleball at Central Park on April 8, 2023 in New York City. Wang Fan | China News Service |…
CFPB says buy now, pay later firms must comply with U.S. credit card laws
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams |…
Target earnings miss, sales fall as consumers buy fewer groceries and home goods
A customer shops at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget on Wednesday…
McDonald’s franchisee group says $5 value meal can’t last without company investment
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, on…
Short seller alleges Oddity Tech is misleading investors
A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn’t the…
Here’s where rents are rising — and where they’re falling
Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first…
Pixar is laying off 14% of its workforce as Disney scales back content
A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S.Bloomberg | Getty ImagesLong-expected layoffs…
Macy’s beats earnings estimates, as turnaround plan shows early progress
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York…
Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Vital Pursuit’s Garlic Herb Grilled Chicken BowlSource: Nestle North AmericaNestle is launching a new frozen-food brand, Vital Pursuit, aimed at…
Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects
An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty…
Peloton shares drop after it announces refinancing to stave off cash crunch
A pedestrian walks by a Peloton store in Palo Alto, California, on May 8, 2024.Justin Sullivan | Getty ImagesPeloton shares…
Jamie Dimon says JPMorgan stock is too expensive: ‘We’re not going to buy back a lot’
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight…
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales
An exterior view of a Wendy’s fast-food restaurant in Bloomsburg, Pennsylvania, on May 19, 2024.Paul Weaver | SOPA Images |…
How Macy’s, Kohl’s and Nordstrom are chasing Millennial, Gen Z shoppers
Signage of Macy’s, Kohl’s and Nordstrom retail stores.Getty ImagesDepartment stores are aging — and so are their customers.For more than…
Shares of Hims & Hers Health surge 27% after startup says it will offer GLP-1 injections
Products of Hims & Hers displayed.Hims & HersDigital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1…
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