Business

Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Yan Cong | Bloomberg | Getty Images Meituan‘s Hong Kong-listed shares fell more than 5% on Friday after CEO Wang Xing warned of a food delivery slowdown in the next quarter. “For our food

A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a

Maintenance workers in front of a housing development sign near new homes in Fairfax, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Being able to buy a home keeps getting harder. The National Association of Realtors said earlier this month that its housing affordability index fell during the second quarter to

In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past Old Navy and GAP stores in Times Square, New York City. Drew Angerer | Getty Images Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its

Jakub Porzycki/NurPhoto via Getty Images Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said.   Specifically, 31% of investors queried would be comfortable implementing financial advice from a generative AI program without first verifying

In this article DLTR Follow your favorite stocksCREATE FREE ACCOUNT Shoppers are seen at the parking lot of a Dollar Tree store in Bloomsburg, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer said customers’ shopping lists have largely narrowed to

Scott Olson | Getty Images Eight candidates will take the stage for the first Republican presidential debate on Wednesday night — and experts are watching closely for comments on key tax policy issues. “The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the individual income tax

Nvidia headquarters in Santa Clara, California, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 1.8% ahead of its quarterly report set for release after the bell. Expectations are high for the chipmaker after its shockingly positive forecast in

In this article FL Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a Foot Locker store in New York. Michael Nagle | Bloomberg | Getty Images Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out

Andreypopov | Istock | Getty Images Property taxes can be a major expense for households, and several factors may affect the size of the bill, research shows. These levies — which typically fund public services, such as K-12 education, police and firefighters — can be tough to compare across jurisdictions. But there are four key

In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s on Tuesday topped Wall Street’s quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year.  The retailer stood by its conservative full-year

Celebration at the Nasdaq during the Datadog IPO, September 19, 2019. Source: Nasdaq Selecting the right stocks against a backdrop of mixed economic data and earnings can be challenging for investors. One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions. To that end,

A 1962 Ferrari 250 GT SWB Coupe sold at auction at the 2023 Monterey Car Week. Credit: Gooding & Company A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week, although the classic-car market showed further signs of slowing. Total sales for the more than 1,200 cars sold

In this article TSLA 9868-HK NSSC NVDA ESTE Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of the Nvidia headquarters in Santa Clara, California, May 30, 2023. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Palo Alto Networks — The security software provider jumped 15.2% after Palo Alto

Getty Images No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and Harveys Supermarket locations across the Southern U.S. As part of the deal, it would take over operations of the stores, which are in

Getty Images As the year-end approaches, there’s been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and Poshmark. Some lawmakers are pushing to increase the IRS reporting threshold for Form 1099-K, which covers third-party business payments. Taxpayers who use a payment app to process

The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Shares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 28% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year. Here’s how the company

Even billionaires kick themselves for passing on investment opportunities that turned out to be incredibly lucrative. In Mark Cuban’s case, he regrets not investing in Uber. He was offered the chance to invest at a $10 million valuation by Uber co-founder Travis Kalanick in 2009, and turned it down — because he thought the ridesharing

In this article KEYS EL XPEV 9868-HK NVDA ROST BLBD STRA Follow your favorite stocksCREATE FREE ACCOUNT XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. Check out the companies making headlines in midday trading. Strategic Education — The education stock advanced 3% following an upgrade to buy from neutral

In this article CMG MCD WEN PZZA Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s restaurant near Times Square, NYC on July 29th, 2023.  Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. Some chains said their higher menu prices alienated

Ascentxmedia | Istock | Getty Images Social Security beneficiaries may get a much lower cost-of-living adjustment in 2024 as inflation subsides. But with two months before the COLA for next year is officially announced, there’s one unusual factor that may push the adjustment higher: hurricanes. The Social Security COLA for 2024 may be 3%, The

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart will report fiscal second-quarter earnings before the bell on Thursday, as the discounter tries to capitalize on

Jennifer Hyman says she learned one of the most important lessons of her career as a 22-year-old intern. It’s simple, the CEO of Rent the Runway — which has a market cap of $95.93 million, as of Wednesday morning — told students at a recent Stanford Graduate School of Business event: “Be likable.” While interning

Traders work on the floor of the New York Stock Exchange (NYSE), August 15, 2023. Brendan McDermid | Reuters China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a big impact on global markets, says veteran investor David Roche. Despite a remarkable rally in stock

In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Signage for Target Corp.’s “#TakePride” initiative sits above products displayed for sale at a company store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Target CEO Brian Cornell said “negative reaction” to the retailer’s Pride merchandise hurt sales and contributed to the disappointing

Donated clothes for those affected by the Maui fires are stored at Honokawai Beach Park in western Maui, Hawaii, on Aug. 14, 2023. Yuki Iwamura | Afp | Getty Images As the Hawaiian island of Maui struggles to recover from the deadliest wildfire in modern U.S. history, many Americans are asking, “How can I help?”

In this article TGT TJX Follow your favorite stocksCREATE FREE ACCOUNT A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies.  The discounter raised its full year outlook on

The secret to success is simple, says Academy Award-winning actor Will Smith: Surround yourself with great people. Success is “a team sport,” Smith, 54, said on a recent episode of “Hart to Heart,” comedian Kevin Hart’s Peacock talk show. “It’s like, who is at your right hand, who your friends are and who you’re with

In this article NVDA PSX HASI Follow your favorite stocksCREATE FREE ACCOUNT The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017.  Tyrone Siu | Reuters Check out the companies making headlines in premarket trading. Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters High food prices. Low unemployment. And eye-popping spending on concert tickets and European trips. Retailers are chasing shoppers as they navigate contradictory dynamics like cooling inflation, rising interest rates and pandemic-induced jolts to the way people live, work and shop. That has made it tricky