everydayread.net

What will retail look like in five years? Top industry executives share their predictions

Illustration by Christina LocopoRetail has seen unprecedented upheaval over the last several years.Some of the industry's key decision-makers exp...

Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — ...

CDC told McDonald’s about potential E. coli outbreak late last week

A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesThe Centers for Disease Control and...

National Amusements stops discussions with Skydance on Paramount deal, sources say

The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesNational Amusements ha...

Business

Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection

A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty ImagesBurgerFi filed for Chapter 11 bankrupt...

Alphabet’s two pillars of growth stand tall in the latest quarter. But we’re not ready to act

Alphabet shares surged during Tuesday's after-hours trading following the Google parent's better-than-expected quarterly revenue and earnings on ...

Frontier Airlines CEO urges crackdown of ‘rampant abuse’ of airport wheelchair service

Frontier Airlines plane seen at Cancun International Airport. On Wednesday, December 08, 2021, in Cancun International Airport, Cancun, Quintana ...

Oddity Tech says it’s bucking the beauty slowdown Ulta warned about

As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Oddity Tech, the new...

UK economy slipped into technical recession at the end of 2023

Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. economy slipped into a technical re...

‘Just buying, buying, buying’: What the recent small-cap boom suggests about the appetite for risk

The money flow into small caps may not be a rotation from winning growth trades.Dave Nadig, ETF journalist and financial futurist, sees investors...

Job seekers are sour on the cooling labor market

Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market.Job seeker confidence in Q2 2024 fell to its lowest level...

Earnings

Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices

Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profit grew thanks to higher prices and lower raw materi...

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

What to do with Honeywell stock after its sharp post-earnings pullback

Latest

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowe...

Consumer confidence surges as election nears, while job openings move lower

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows...

Alphabet’s two pillars of growth stand tall in the latest quarter. But we’re not ready to act

Alphabet shares surged during Tuesday's after-hours trading following the Google parent's better-than-expected quarterly revenue and earnings on ...

Chipotle misses revenue estimates as same-store sales growth disappoints

A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mex...

Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say

Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024.China News Service | China News Service | Getty ImagesBEI...

Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) foru...

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy sh...

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesD...

Watch CFPB Director Rohit Chopra speak at DC Fintech Week

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]Rohit Chopra, director of th...

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo:...

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data cent...

CDC says 75 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders

A deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention ...

Economy

Unemployment rate among Black Americans jumped in March, contrasting overall trends

We're Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York.Lindsey Nicholson | Universal Images Group | Getty Imag...

Consumer confidence surges as election nears, while job openings move lower

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows...

Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) foru...

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo:...

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the ...

Finance

Apple and Goldman Sachs ordered to pay more than $89 million for ...

Admin—October 24, 2024 0

Apple CEO Tim Cook introduces the Apple Card during a launch event at the Apple headquarters in Cupertino, California, on March 25, 2019.Noah Ber...

Earnings

IBM stock slips on disappointing consulting and infrastructure re...

Admin—October 24, 2024 0

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM s...

Embattled Abbott Labs comes through with a strong quarter, buyback announcement

October 22, 2024

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

October 20, 2024

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

October 19, 2024

Economy

Global public debt will hit $100 trillion by year-end, says IMF

Admin—October 24, 2024 0

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washin...

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

October 22, 2024

Here’s why inflation may look like it’s easing but is still a huge problem

October 20, 2024

Retail sales rose 0.4% in September, better than expected; jobless claims dip

October 18, 2024