Business

In this article W Follow your favorite stocksCREATE FREE ACCOUNT Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs

In this article DAL BA Follow your favorite stocksCREATE FREE ACCOUNT Delta Air Lines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta. Camilo Freedman | Lightrocket | Getty Images Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding

In this article LEVI LULU GPS Follow your favorite stocksCREATE FREE ACCOUNT Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as

Getty Images A stealth inflationary cost is biting into corporate profits. While some companies are now seeing lower input and freight costs, one expense is not falling: insurance. In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14% in the last

In this article MCD SG Follow your favorite stocksCREATE FREE ACCOUNT The drive-thru entrance to a Salad and Go location. Source: Salad and Go When Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the “McDonald’s of its generation.” But another salad rival could beat Sweetgreen

In this article HA ALK SAVE JBLU Follow your favorite stocksCREATE FREE ACCOUNT Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images President Joe Biden‘s Justice Department has successfully had

In this article DAL UAL AAL LUV Follow your favorite stocksCREATE FREE ACCOUNT Delta Air Lines shares slipped about 9% Friday after the company trimmed its 2024 earnings forecast.  Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 per share for 2024. Other major airlines including

In this article C Follow your favorite stocksCREATE FREE ACCOUNT CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup said it was cutting 10% of its workforce

A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt.  Sayed Hassan | Getty Images The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting

In this article TMUS Follow your favorite stocksCREATE FREE ACCOUNT SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022. Michael Gonzalez | Getty Images SpaceX successfully sent text messages via Starlink satellites using T-Mobile’s network, it announced

Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely

Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained

Picture Alliance | Picture Alliance | Getty Images It’s the third act of the streaming wars. That’s the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global

In this article WWW Follow your favorite stocksCREATE FREE ACCOUNT Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm and Reebok owner Authentic Brands Group, as the footwear retailer looks to focus on better performing assets, the company announced

In this article CVS TGT Follow your favorite stocksCREATE FREE ACCOUNT CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits.  The closures will begin in February and finish by the end of April, the spokesperson

Axis Communications The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district

In this article UAL ALK BA Follow your favorite stocksCREATE FREE ACCOUNT 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

Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images) Brianna Soukup | Portland Press Herald | Getty Images DETROIT – Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023

In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An Alaska Airlines Boeing 737 Max-9 aircraft grounded at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Saturday, Jan. 6, 2024.  David Ryder | Bloomberg | Getty Images Shares of Boeing tumbled roughly 8% in premarket trading Monday, as investors digested the news that

In this article ANF LULU AEO Follow your favorite stocksCREATE FREE ACCOUNT Combination showing store signage from Abercrombie & Fitch and Lululemon stores. Getty Images Abercrombie & 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