U.S. stocks fell on the first trading day of September, with major indices down. Kraft Heinz announced a split of its grocery business, and Biogen received FDA approval for a new Alzheimer's treatment. What does this mean for investors?
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.
Stock futures showed minimal movement as investors navigate a tumultuous trade environment. Major stocks like Gap and Ulta Beauty reacted to earnings reports, while tariffs add to market uncertainty. Will summer bring stability?
Ulta Beauty's new CEO Kecia Steelman faces a challenging 2025 as the company forecasts flat sales growth and lower earnings. Despite a strong holiday quarter, the retailer anticipates a rocky year ahead amid increasing competition.
