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Designer Brands Cuts 2024 Outlook
Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.The Wall Street Journal - Dec. 10 -
Ashtead to Move Listing to U.S., Cuts Guidance
The equipment rental company cited commercial construction dynamics in the U.S. for lowering its guidance and said the country is its natural long-term listing venue.The Wall Street Journal - Dec. 10 -
GTA 6 Parody Game Shows Up On PlayStation Store
Considering that it's taken over a decade for Grand Theft Auto 6 to reach players, expectations are sky high for Rockstar Games' next GTA installment. That anticipation and the hype behind it are ...GameSpot - Dec. 9 -
He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
Jack Cowin, founder and chairman of Competitive Foods Australia, shares his "biggest break" in life, which ultimately made him a billionaire.CNBC - Dec. 9 -
Police unlawfully storing images of innocent people for facial recognition
Privacy fears raised as report warns photographs of arrested people who are then released are being retained. Images of arrested people who were innocent of any crimes are still being stored in a ...The Guardian - Dec. 8 -
What’s in store for the U.S. housing market in 2025?
Also: The aging bull market for stocks, the UnitedHealth aftermath and advice from the Moneyist.MarketWatch - Dec. 7 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
Petco’s new CEO wants to make these changes to its stores, as shares gain
When Joel Anderson took the helm at Petco Health & Wellness Co. earlier this year, he said he wanted to improve the pet-supplies chain’s profitability. On Thursday, he offered a more detailed ...MarketWatch - Dec. 6 -
U.S. drug store closures create pharmacy deserts
The closures of both independent and big chain drug stores across the U.S. has become a trend that is having a serious impact on health care. Mark Strassmann examines what is behind the change and ...CBS News - Dec. 5 -
Moment earthquake hits California and damages store
A tsunami warning was cancelled after the 7.0 magnitude quake shook parts of the West coast.BBC News - Dec. 5 -
M&S wins approval to demolish and redevelop flagship Oxford Street store
Permission from housing secretary to knock down art deco building in central London caps lengthy battle by retailerFinancial Times - Dec. 5 -
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Frasers Group Tumbles After Guidance Cut
The U.K. sports-fashion retailer lost $540.4 million off its market value after it lowered expectations for its fiscal year, citing recent tough business conditions and weak consumer confidence.The Wall Street Journal - Dec. 5 -
Man United show progress despite loss as Arsenal cut into Liverpool's lead
Ruben Amorim suffered his first loss at Man United, but there were signs of progress.ESPN - Dec. 5 -
Airbus to Move Ahead With 2,000 Job Cuts at Defense and Space Business
The cuts amount to around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.The Wall Street Journal - Dec. 5 -
New low-alcohol beer launched to cut boozy train passenger accidents
Avanti West Coast said the pale ale will create a ‘more enjoyable travel experience’ and help passengers ‘drink responsibly’.Yahoo Sports - Dec. 5 -
Walmart recalls cucumber slices sold in Texas stores over salmonella risk
Walmart is recalling cucumber slices sold in 34 Texas stores over concerns that they may be contaminated with salmonella.NBC News - Dec. 5 -
JetBlue cuts more unprofitable routes, tweaks Europe flights
JetBlue is in the middle of a new plan to return to consistent profitability and cut costs.CNBC - Dec. 4 -
Airbus cuts nearly 500 UK jobs to reduce costs
It has made the cuts mostly to its space division and says there are no "compulsory" losses planned.BBC News - Dec. 4 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
Almost 30 Percent of U.S. Drug Stores Closed in a Decade, Study Says
Closures by big chains and independent stores hit poorer neighborhoods hardest, researchers found.Inc. - Dec. 4 -
With Assad Challenged, a Push to Cut Syria’s Ties to Iran Grows More Unlikely
Even as Israel bombarded Syria, officials say the U.S. and Gulf countries were working to weaken its president’s alliance with Tehran. Rebels’ shock advance has dampened those hopes.The New York Times - Dec. 4 -
Amazon HyperPod Task Governance keeps GPUs running, cutting costs 40%
HyperPod Task Governance can increase GPU utilization, helping enterprises to optimize AI costs and producing potentially significant savings.VentureBeat - Dec. 4 -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - Dec. 4 -
9 states poised to end coverage for millions if Trump cuts Medicaid funding
About 3.7 million people are at immediate risk of losing health coverage should the federal government cut funding for Medicaid expansions, as some allies of President-elect Donald Trump have ...CBS News - Dec. 4 -
Amazon Never Suggested Cutting Secret Level's Concord Episode
Sony's ill-fated multiplayer shooter Concord is the focus of an episode of Prime Video's video game anthology series Secret Level, and, because the game itself has been shuttered, it could be one ...GameSpot - Dec. 4 -
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Victim-support cut to be devastating, charity says
The cut follows government promises of stronger protections for victims of crimes such as stalking.BBC News - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
California cuts back on water deliveries, anticipating dry year ahead
California's cities may only receive about 5 percent of the water deliveries they have requested this year, with dry and warm conditions expected to persist through the winter, state officials ...The Hill - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
How Amazon Aims to Feed Whole Foods’ Growth With Mini City Stores
Whole Foods is expanding its small format Daily Shop locations to offer fresh produce, groceries, and prepared meals for residents in metropolitan neighborhoods.Inc. - Dec. 3 -
Dollar stores are struggling to win over bargain hunters — here’s why
Slowing sales and company-specific struggles have put pressure on Dollar General and Dollar Tree, which will report quarterly earnings this week.CNBC - Dec. 3 -
Dollar stores are struggling to win over bargain hunters — here's why
As shoppers look for value, dollar stores might seem to be logical destinations.NBC News - Dec. 3 -
Restoring Nomura’s credibility will take more than pay cuts
Taint of latest scandal overshadows bank’s growing earnings and could have long-lasting consequencesFinancial Times - Dec. 3 -
German job cuts darken mood of election campaign
Snap February poll comes as Europe’s largest economy faces its toughest challenges for decadesFinancial Times - Dec. 3 -
Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views
The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.The Wall Street Journal - Dec. 2 -
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job
Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.The Wall Street Journal - Dec. 2
