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Levi’s shares drop 15% as jeans maker’s sales disappoint despite denim craze

Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fis...

Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady

A McDonald's crew member prepares french fries in Miami, Florida.Getty ImagesIt's a timeless question at fast-food counters: Do you want fries wi...

Emirates airline chalks record annual profit as travel demand booms

An Emirates Airlines planeKarim Sahib | AFP | Getty ImagesDUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported r...

Alaska-Hawaiian merger clears DOT review, but airlines must preserve miles, routes

Alaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems ...

Business

Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth

A general view of an Old Navy store. Gap Inc.Gap's largest banner Old Navy returned to growth for the first time in more than a year during ...

Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when...

Restaurant CEOs’ new favorite word is value as they aim to bring back customers

A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant CEOs have be...

Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year

Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwor...

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...

Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth

A general view of an Old Navy store. Gap Inc.Gap's largest banner Old Navy returned to growth for the first time in more than a year during ...

‘Make or break week:’ Stifel sees 40% chance of President Biden dropping out of the race

There's a 40% chance President Joe Biden will not seek reelection, according to Stifel.Brian Gardner, the firm's chief Washington policy strategi...

Earnings

American Eagle saw profits grow nearly 60% as costs come down

American Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lowe...

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance

Latest

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult web address on packaging

Still from the film "Wicked"Source: Universal StudiosThousands of Mattel's "Wicked"-branded fashion dolls are flying off shelves, but not because...

Fed’s Kashkari says Trump tariffs could reheat inflation if they provoke global trade ‘tit for tat’

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Bev...

Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when...

Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss...

Painting the town pink and green: ‘Wicked’ takes over retail ahead of theatrical debut

Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wick...

China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt

BEIJING – China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while...

Powell and the Fed won’t be able to avoid talking about Trump forever

Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in...

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating pro...

MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the At...

UniCredit and Commerzbank square off with target hikes amid takeover battle

The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesTwo months ...

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interes...

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales...

Economy

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on int...

Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when...

Powell and the Fed won’t be able to avoid talking about Trump forever

Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in...

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interes...

Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race

When the votes are counted in the U.S. presidential election, will it be the gender gap, the income gap, the Latino vote or the media and marketi...

Finance

Higher taxes will make it harder for Britain to build ‘the ...

Admin—November 3, 2024 0

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverp...

BlackRock launches ETF that expands beyond the ‘Magnificent Seven’

November 1, 2024

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

October 30, 2024

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

October 29, 2024

Earnings

Coterra Energy posted a mixed quarter, but delivered beats where ...

Admin—November 2, 2024 0

Coterra Energy on Thursday delivered mixed third-quarter results for sales and earnings. However, production volumes and cash generation — the la...

Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand

November 1, 2024

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

October 30, 2024

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

October 29, 2024

Economy

Companies brace for Tuesday: Mentions of election surge on earnin...

Admin—November 3, 2024 0

Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Libr...

Friday’s jobs report is expected to show the slowest pace of hiring in years

November 1, 2024

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

October 30, 2024

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

October 29, 2024