US retail sales continue their upward trend, rising 0.6% in August, marking the third consecutive month of growth. This unexpected increase showcases consumer resilience despite inflation concerns.
Global markets are rattled as bond yields reach historic highs amid rising public debt and geopolitical tensions. Investors react to Alphabet's antitrust victory, while Kraft Heinz announces a split. Is a financial crisis looming?
Macy's reported impressive second-quarter earnings, beating Wall Street expectations. With revamped stores and a strategic focus on high-performing segments, the retailer is optimistic about the future despite tariff challenges. Discover how Macy's is reshaping its approach to thrive in a competitive market.
The S&P 500 faced a setback as AI stocks like Dell and Nvidia faltered, amid rising inflation concerns. Despite strong consumer spending, analysts predict interest rate cuts from the Fed next month.
Wall Street's major indexes fell as inflation data exceeded targets, raising concerns over tariffs and interest rate cuts. With tech stocks leading the decline and key economic reports on the horizon, investors are on edge.
Soho House announces a $9 per share buyout, causing shares to soar over 15%. With Ashton Kutcher joining the board and a new CFO, questions arise about the future of this exclusive club amidst industry challenges.
U.S. retail sales rose 0.5% in July, driven by strong vehicle demand and major retailer promotions, but fears of a slowing economy and rising inflation could dampen consumer spending ahead.
U.S. equities experienced a mixed performance at midday, with retail sales showing strong consumer spending. While the Dow slightly rose, the S&P 500 and Nasdaq fell, driven by varying performances from major stocks including UnitedHealth and Salesforce.
Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
Spirit Airlines, struggling to return to profitability since its 2019 bankruptcy, is facing tough choices ahead. With staffing cuts and reduced flight capacity, analysts suggest a possible merger with Frontier could be on the horizon.
