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Category Archives: Uncategorized

Nike heads toward record 10th straight losing day as Foot Locker woes, China slowdown hit stock

Shares of Nike fell Wednesday for the 10th straight day, putting it on track for its longest losing streak since it went public in 1980.

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AMC shares crater as investors brace for stock conversion

The movie theater chain’s preferred equity units, dubbed APE shares, are set to be transformed into common stock.

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Mortgage demand from homebuyers drops to a 28-year low as interest rates soar

Mortgage rates jumped last week to the highest level in 23 years.

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UPS workers approve massive new labor deal with big raises

The agreement is the largest collective bargaining agreement at a private-sector employer based on number of workers.

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Altria Group sues Juul over e-vapor patent infringement

Altria bought NJOY in June after the tobacco conglomerate exited its stake in Juul.

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Hollywood producers take heated negotiations with writers union public, revealing latest offer

The AMPTP revealed its latest offer to the writers’ union in a bid to end the strike that has gone on for more than 100 […]

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Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’

Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.

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Starbucks adds third pumpkin drink to fall menu as chain celebrates 20 years of the pumpkin spice latte

This fall marks the 20th anniversary of the coffee chain’s iconic pumpkin spice latte.

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Abercrombie & Fitch shares soar more than 20% as retailer blows past earnings estimates, raises guidance

Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.

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India becomes fourth country to land on the moon, first on the south pole, with Chandrayaan-3 spacecraft

The feat makes India the fourth country – after Russia, the U.S. and China – to land on the moon, and the first to land […]

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