Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky. By Wolf Richter for WOLF STREET. Retail sales jumped 0.9% in April from March, after having jumped 1.4% in March from February, to $ 678 billion, and were up 8.2% from a year ago, seasonally adjusted, the Commerce Department reported … Read more
Dow Jones futures fell overnight, along with S&P 500 futures and Nasdaq futures, amid weak revenue and guidance from Cisco Systems. The stock market rally sold off hard Wednesday, as a big Target (TGT) earnings miss raised major concerns about retailers, related sectors and the broader economy amid hot inflation and weakening demand. X Wednesday’s … Read more
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday at 4 pm ET. Subscribe Wednesday, May 18, 2022 Getting rid of bots is not as easy as it sounds Elon Musk’s $ 44 billion deal to … Read more
NEW YORK, NY (WRIC) – Allianz Global Investors, a multinational investment firm based in Germany, is facing federal fraud charges – and the announcement comes just over two months after the Virginia Retirement System closed its account with the company. The charges are spread across three cases currently being prosecuted in the Federal District Court … Read more
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $ 1 billion short of Wall Street expectations, which executives blamed on COVID shutdowns in China. Cisco CSCO, -4.43% shares dropped more than 15% after hours, following a 4.4% decline in the regular session to … Read more
Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders detailing why its current slate of board nominees … Read more
The recession is ‘here,’ expert warns Kingsview Asset Management CIO Scott Martin discusses the markets and the economy. Investment expert warns US in ‘largest bubble of our lifetime’ Eddie Ghabour, the co-founder of Key Advisors Group LLC, warns the Fed is ‘going to suck liquidity out of the system’ and the bubble ‘is going to … Read more
Millions of amateur investors got into the stock market during the pandemic – some gingerly, some aggressively, some determined to teach Wall Street bigwigs a lesson – and almost couldn’t help but make money, riding a bull market for the better part of two years . Now they may have to wrestle with a bear. … Read more
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more
Placeholder while article actions load Federal regulators authorized a coronavirus booster shot Tuesday for school-age children, a key step toward making a third shot of the Pfizer-BioNTech vaccine available to 5-to-11-year-olds as cases rise nationally. The Food and Drug Administration cleared the booster for use at least five months after children are fully vaccinated with … Read more
