Despite a late-session surge Friday, all three major U.S. stock indexes ended the holiday-shortened trading week in the red, putting an end to the Nasdaq Composite and S & P 500 ‘s five-week winning streaks. The Dow Jones Industrial Average fell for the second straight week. The declines came as first-quarter earnings season inched closer … Read more
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that’d been stolen from Macy’s and a … Read more
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023. Saul Loeb | AFP | Getty Images In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing … Read more
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police … Read more
My top 10 things to watch Tuesday, Jan. 2 1. The S & P 500 finished 2023 with nine straight up weeks, its best winning streak since 2004. Up 24% for the year. We’re kicking off the new year by trimming 8 stocks that had huge runs last year. Bulls make money, bears make money, … Read more
