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.
Sydney Sweeney's latest ad campaign has ignited controversy, boosting American Eagle's stock by 16% despite a 9% drop in foot traffic. What does this mean for the brand's future?
S&P 500 futures are nearly flat after a record close, while UnitedHealth jumps over 9% thanks to investments from Buffett and Burry. What's next for the market as economic indicators loom?
Tapestry, the parent company of Coach and Kate Spade, sees shares plunge as tariffs threaten profits despite strong sales trends. CFO Scott Roe discusses the impact of rising costs and strategic adjustments.
In a surprising move, Ulta Beauty and Target announced the end of their partnership that brought Ulta shops to Target stores by 2026. This decision has led to a drop in Target's stock as the retailer struggles with sales and market share.
In a significant move, the US and China have extended their tariff truce for another 90 days, avoiding steep tariffs on Chinese imports just in time for the holiday season. This extension allows retailers to stock up on goods at lower rates, while both nations continue negotiations to address trade concerns.
HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
The Nintendo Switch 2 is back in stock at major retailers like Best Buy, Target, and Walmart. Find out where to grab yours and discover must-play games like Donkey Kong Bananza!
Apple has announced that its Partridge Creek store will close permanently on August 16, 2023. Employees can transfer to other locations as Apple prepares to open a new store in Downtown Detroit.
