Apparel Retailer Express Files for Chapter 11 Bankruptcy
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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 -
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 -
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 -
Review: 'The Strangers - Chapter 1' is a rote rehash that lacks the original film's creepy suspense
Intended to kick-start a new trilogy of films, 'The Strangers - Chapter 1,' starring Madelaine Petsch and Froy Gutierrez, is a weak retread of the 2008 original.Los Angeles Times - Entertainment -
Fortnite Teases Fallout Crossover Ahead Of Post-Apocalyptic Chapter 5 Season 3
Fortnite. Fortnite frequently changes. The next big change for Fortnite, Chapter 5 Season 3, is expected to kick off next week, and today Epic has let a major detail out into the open: A Fallout collaboration is on the way. Depicted in our first ...GameSpot - Tech -
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