Combination showing store signage from Aberdrombie & Fitch and Lululemon stores. Getty Images Abercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Yet Wall Street greeted the news with varying levels of enthusiasm … Read more
Apple CEO Tim Cook delivers remarks during an Apple special event in Cupertino, California, on Sept. 12, 2023. Justin Sullivan | Getty Images Apple’s iPhone sales in China were down more than 30% year-over-year for the first week of January, while competitors like Xiaomi and Huawei have “remained much stronger” with flat sales, according to … Read more
The brand new rocket, United Launch Alliance’s (ULA) Vulcan Centaur, lifts off from Space Launch Complex 41d at Cape Canaveral Space Force Station in Cape Canaveral, Florida, on January 8, 2024, for its maiden voyage, carrying Astrobotic’s Peregrine Lunar Lander. Chandan Khanna | AFP | Getty Images A new U.S. rocket reached orbit early Monday, … Read more
Some types of debt can haunt you. “Buy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get in over their heads, some experts say — even more than credit cards, which are simpler to account for, despite sky-high interest rates. Over the holidays, the use of installment … Read more
Boeing’s new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, Feb. 13, 2017. Jason Redmond | Reuters Boeing‘s plan to get back on solid footing after a series of quality flaws in its best-selling jet suffered a near-disastrous blow Friday when a plane panel blew out during an Alaska Airlines … Read more
The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand. NYSE Audacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection to reduce its debt. The restructuring agreement will allow Audacy to slash its total … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC A billion-dollar trial that was to determine if Berkshire Hathaway improperly used an accounting method that would significantly short-change the Haslam family in a purchase of the family’s remaining minority stake in Pilot Travel Centers … Read more
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment. … Read more
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty Images The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, … Read more
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines is preparing to ground dozens of its Boeing 737 Max 9 aircraft for inspections, a day after a panel blew out of an Alaska Airlines flight, according … Read more
