everydayread.net

Best Buy scales back sales outlook as results top expectations

A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022.Jim Vondruska | ReutersBest Buy on Tuesday...

Disney scraps plans for new Florida campus, mass employee relocation amid DeSantis feud

Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Mid...

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a g...

Private sector added 324,000 jobs in July, well above expectations, ADP says

Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board b...

Business

Tucker Carlson to host show on Twitter after being fired from Fox News

Tucker Carlson is back – on Twitter.The right wing TV personality said in a video on his Twitter feed Tuesday that he is relaunching his show on ...

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine dining sales

A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty...

A pair of sports betting deals has the gaming industry asking, ‘Who’s next?’

Fanatics founder & CEO Michael Rubin at his office in downtown NYC, Dec. 7, 2022.The Washington Post | Getty ImagesFanatics' splashy $150 mil...

Buy Buy Baby auction is canceled, but buyers are still interested in making a bid

"Store Closing" signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty Im...

Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger beli...

Stocks making the biggest moves midday: General Motors, Stellantis, Planet Fitness, Adobe and more

GM workers with the UAW Local 2250 union strike outside the General Motors Wentzville Assembly Plant in Wentzville, Missouri, Sept. 15, 2023.Mich...

Justice Department wins lawsuit to undo JetBlue, American Airlines partnership in the Northeast

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort ...

Earnings

Cloudflare stock plunges more than 20% after revising guidance down

Signage outside the Cloudflare headquarters in San Francisco, California, U.S., on Tuesday, Feb. 8, 2022. Cloudflare Inc. is expected to release ...

Foot Locker shares plunge 28% as it slashes guidance and blames ‘consumer softness’

Peloton shares drop 22% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality

Abercrombie & Fitch shares soar 23% as retailer blows past earnings estimates, raises guidance

Latest

Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more

A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021.Justin Sullivan | Getty Images News | Getty ImagesCheck o...

The Fed would be ‘flying blind’ on interest rate decisions after a government shutdown

An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C.Andrew Harrer | Bloomberg | Getty I...

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine dining sales

A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty...

Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis

(L-R) Supporter Ryan Sullivan, and United Auto Workers members Chris Sanders-Stone, Casey Miner, Kennedy R. Barbee Sr. and Stephen Brown picket o...

U.S. will again offer free at-home Covid tests starting Monday

Covid-19 home test kits are pictured in a store window during the Covid-19 pandemic in the Manhattan borough of New York City, Jan. 19, 2022.Carl...

Here’s everything the Fed is expected to do Wednesday

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Re...

Foot Locker shares plunge 28% as it slashes guidance and blames ‘consumer softness’

Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty Ima...

Ford barrels toward new Canadian strike that could affect F-Series pickup production

2023 Ford Super Duty F-350 LimitedFordDETROIT — Ford Motor's labor troubles could become an international issue that affects U.S. production of s...

China VCs have a big problem — and it’s not just a drop in U.S. investor appetite

Pictured here is Shenzhen in southern China. The city is sometimes considered China's Silicon Valley.Nurphoto | Nurphoto | Getty ImagesBEIJING — ...

Striking unions impacting the economy at a level not seen in decades

The auto workers' strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impact...

Peloton shares drop 22% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality

The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty ImagesPeloton on Wednesday repor...

New York is cracking down on illegal weed stores as legal market struggles to take hold

A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are sel...

Economy

Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows

Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to U.S....

The Fed would be ‘flying blind’ on interest rate decisions after a government shutdown

An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C.Andrew Harrer | Bloomberg | Getty I...

Striking unions impacting the economy at a level not seen in decades

The auto workers' strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impact...

Shipping giant Maersk unveils world’s first vessel using green methanol

Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment for one...

August wholesale inflation rises 0.7%, hotter than expected, but core prices in check

Interior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. On Thursday, Costco Wholesale (COST) stock hit into the 90-plus perc...

Finance

Arm debut will help jump-start IPO market, early Airbnb investor ...

Admin—September 15, 2023 0

Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest.FirstMark Capital's Rick Heitzm...

What is shadow banking? Unpacking the risks for China

September 14, 2023

Standard Chartered-owned crypto firm Zodia launches in Singapore

September 12, 2023

Modi, Biden pledge to deepen India-U.S. partnership as world leaders meet in Delhi for G20 summit

September 10, 2023

Earnings

Best Buy scales back sales outlook as results top expectations

Admin—September 15, 2023 0

A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022.Jim Vondruska | ReutersBest Buy on Tuesday...

Oracle comes up short on revenue but touts AI cloud contracts

September 14, 2023

Nio reports wider second-quarter loss amid China slowdown and product line revamp

September 12, 2023

Lego sales increase while other toy makers struggle

September 10, 2023

Economy

Fears over access to credit hit highest level in more than a deca...

Admin—September 12, 2023 0

Choochart Choochaikupt | Istock | Getty ImagesAmerican consumers are worried about access to credit amid persistently higher interest rates and t...

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

September 10, 2023

Taylor Swift is single-handedly giving a boost to hotel industry revenue

September 9, 2023

Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000

September 7, 2023