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.
Continue readingMortgage 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.
Continue readingUPS 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.
Continue readingAltria Group sues Juul over e-vapor patent infringement
Altria bought NJOY in June after the tobacco conglomerate exited its stake in Juul.
Continue readingHollywood 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 […]
Continue readingFoot 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.
Continue readingStarbucks 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.
Continue readingAbercrombie & 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.
Continue readingIndia 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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