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.
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 surprising turn, the Pohlad family has decided to retain control of the Minnesota Twins, securing minority investors to help manage the franchise's mounting debt. This move comes amid significant fan frustration and a tumultuous season for the team.
As President Trump exerts unprecedented pressure on corporate leaders, businesses are left grappling with his demands and the future of U.S. capitalism. From Nvidia's chip sales to CEO firings, his influence is reshaping the business landscape.
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.
In a groundbreaking deal, President Trump has agreed to take a cut of revenue from Nvidia and AMD's chip sales to China. This controversial approach raises questions about the future of U.S.-China trade relations and corporate compliance.
The Trump administration's decision to allow Nvidia to export a scaled-down AI chip to China raises serious concerns about U.S. technology supremacy. Critics warn that this could enable China to leapfrog America in AI capabilities.
