Apparel Retailer Express Files for Bankruptcy Protection, Will Close Over 100 Stores
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Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Clinical England complete T20 series win over Pakistan
Follow text and radio commentary from the second T20 between England and Pakistan at the County Ground in Northampton.BBC News - Top stories - Pakistan -
CURO Group Says Bankruptcy Court Confirms Reorganization Plan
CURO Group Holdings said Friday that its reorganization plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.The Wall Street Journal - World -
Cramer picks two 'winning' footwear stocks in a ‘nightmare’ athletic apparel market
CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.CNBC - Business -
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies
The investigation, which could eventually lead to a fine, will look into the platforms’ use of algorithms that officials said may stimulate addictive behavior in children.The Wall Street Journal - Tech - European Union -
Wayfair to open its first large store, as physical locations make a comeback
What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.CNBC - Business -
Why Wayfair Is Opening Its First Brick-and-Mortar Store
The online furniture and home furnishings retailer will open a store in the Chicago suburbs on May 23. It's part of a plan to reach the many shoppers who still like to touch and test merchandise in person.Inc. - Business -
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Motion to dismiss indictment filed, hearing set in Alec Baldwin ‘Rust’ case
Santa Fe judge will hear arguments from Alec Baldwin’s attorney who has filed a motion to dismiss the indictment for manslaughter in the 2021 death of Halyna Hutchins on the set of the ‘Rust’ movieNBC News - Top stories -
25 Best REI Anniversary Sale Deals: Fitness Trackers, Tents, Sleeping Bags, Outdoor Apparel
It’s the best time of the year to pick up all the tents, stoves, sleeping bags, and gear that you’ll need for summer fun.Wired - Tech -
‘Chimney Doe,’ skeletal remains found in pipe of Wisconsin music store in 1989, finally identified
The skeletal remains of "Chimney Doe" were identified as Ronnie Joe Kirk nearly 35 years after he was found in a Madison, Wisconsin, music store pipe in 1989.NBC News - Top stories -
Walmart's sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.
Walmart’s sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.The Wall Street Journal - World -
It's 100 days to college football! Top games, players, contenders
With 100 days until Florida State and Georgia Tech kickoff in Ireland it's time to get excited about what's ahead: From new conference games to a new playoff.ESPN - Sports - College Football -
Nigerian activists condemn mass ‘forced marriages’ of 100 girls and young women
Petition launched to halt mass ceremony that organisers say is for 100 orphans whose parents were killed by gangs. Human rights activists in Nigeria have launched a petition to stop a plan to push 100 girls and young women into marriage in a mass ...The Guardian - World -
Charles drops out of top 100 baby names for boys
Olivia and Noah keep their spots as England and Wales' most popular baby names.BBC News - Top stories - United Kingdom -
7 dead in Houston area after storms, 100-mph winds
Seven people have died in Houston and the surrounding county after severe weather ripped down power lines and trees and toppled brick walls, officials said Friday.NBC News - Top stories -
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.The Wall Street Journal - World -
ChatGPT now lets you import files directly from Google Drive, Microsoft OneDrive
Users can find it by clicking the tiny paper clip icon to the left of their prompt/text entry bar at the bottom of the ChatGPT interface.VentureBeat - Tech - Google -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Chinese Retailer Temu Under Fire From European Consumer Groups
Temu, the discount retailing app owned by Chinese e-commerce giant PDD Holdings, is facing consumer complaints that its business practices violate a new online content law in Europe.The Wall Street Journal - Business - China -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Robinhood’s stock rockets as BofA sees retail renaissance in ‘early innings’
BofA double upgraded Robinhood shares while abandoning its bearish call on Coinbase’s stock.MarketWatch - Business -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.CNBC - Business -
Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.CNBC - Business -
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Why The Mirage is closing after 34 years
The Mirage Hotel and Casino is closing on the Las Vegas Strip after it was acquired by Hard Rock in 2022.ABC News - Top stories -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Trump pays close attention to Cohen cross-examination
Former President Donald Trump appears attentive in court as his defense team questions his former attorney Michael Cohen. Cohen already testified against Trump in the "hush money" criminal trial in New York. CBS News' Errol Barnett and Katrina ...CBS News - Top stories - Donald Trump -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Putin, Xi meet in China to reaffirm close ties
China rolled out the red carpet for Russian President Vladimir Putin, who met with Chinese President Xi Jinping in Beijing on Thursday. It was the second meeting between the two autocratic leaders in seven months. Ian Bremmer, president of the ...CBS News - Top stories - China -
Is the Toronto Blue Jays' window to contend officially closing?
Sitting last in the AL East with regression throughout the lineup, the Blue Jays will soon have to face the reality of being sellers at this year's trade deadline.Yahoo Sports - Sports -
GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.
GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.The Wall Street Journal - World