Walmart, Target and Kroger are racing to deliver groceries as competition heats up
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same…
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United to pause pilot hiring, citing Boeing’s delivery delays
A United Airlines 737 Max 8Leslie Josephs | CNBCUnited Airlines will pause pilot hiring this spring because of Boeing delivery…
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1…
Barbie is the blueprint as Mattel seeks to revitalize American Girl, Fisher-Price
A scene from “Barbie.”Courtesy: Warner Bros.If there’s one thing Mattel CEO Ynon Kreiz wants shareholders to take away on Thursday,…
Robinhood partners with Klutch Sports, brings Rich Paul on as advisor as it moves into sports and entertainment
Rich Paul attends a basketball game between the National Basketball Association’s Los Angeles Lakers and the Boston Celtics at Staples…
American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer…
United Airlines launches Morocco, Colombia flights, beefs up China service
A United Airlines Boeing 787-8 Dreamliner aircraft is seen taking off from Amsterdam Schiphol Airport.Nicolas Economou | Nurphoto | Getty…
Why private equity has been involved in every recent bank deal
Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on “Oversight…
Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023.Chris Kleponis…
Foot Locker shares plunge nearly 30% as retailer posts holiday loss, delays key financial target
Shares of Foot Locker plummeted about 30% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance…
Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month
A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to…
Foot Locker shares plunge 30% as retailer posts holiday loss, delays key financial target
Shares of Foot Locker plummeted about 30% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance…
Foot Locker shares plunge more than 20% as retailer posts holiday loss, delays key financial target
Shares of Foot Locker fell more than 20% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak…
Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices
Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profits grew thanks to higher prices and…
Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024
Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023.Christina House | Los Angeles…
Target launches paid membership program as it chases new revenue streams
A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty ImagesTarget on Tuesday…
Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast
The Target logo is seen on its store on 42nd Street in Times Square, New York City.Deb Cohn-Orbach | UCG…
New CFPB rule caps banks’ credit card late fees at $8
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer…
Novo Nordisk’s diabetes drug Ozempic slashed the risk of kidney disease progression in trial
This picture taken on October 23, 2023, shows Ozempic medication boxes, an injectable antidiabetic drug, in a pharmacy in Riedisheim…
Labor unions end proxy fight at Starbucks after bargaining progress
Steph Kronos, a pro-union activist, tries to talk to Starbucks customers while joining Starbucks workers, former employees and supporters in…
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