Of the nation’s 20 largest cities, Seattle saw the highest year-over-year increase in single-family rents, followed by New York and Boston.
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JPMorgan CEO Jamie Dimon signals retirement is closer than ever
The ambiguity of Dimon’s plans has made succession timing at JPMorgan one of the persistent questions for the bank’s investors and analysts.
Continue readingAre consumers pulling back on spending? It depends on which CEO you ask
Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.
Continue readingHow Macy’s, Kohl’s and Nordstrom are chasing Millennial, Gen Z shoppers
Baby boomers make up a sizeable chunk of the retailers’ shoppers and investors aren’t convinced that Gen Z and Millennials will age into shopping at […]
Continue readingJamie Dimon says JPMorgan stock is too expensive: ‘We’re not going to buy back a lot’
JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon’s comments dinged the stock.
Continue readingShort seller alleges Oddity Tech is misleading investors
Oddity Tech has told investors that its business is online only, but short seller Ningi Research said it operates a fleet of stores in Israel.
Continue readingNestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Nestle’s Vital Pursuit brand’s initial lineup of 12 items will include frozen bowls with whole grains or protein pasta, sandwich melts and pizzas.
Continue readingFamily offices become prime targets for cyber hacks and ransomware
With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.
Continue readingLowe’s beats on earnings and revenue, even as consumers spend less on DIY projects
The home improvement retailer Lowe’s said sales fell again year over year, and it reiterated its full-year earnings forecast.
Continue readingMacy’s beats earnings estimates, as turnaround plan shows early progress
Macy’s beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale’s and Bluemercury stores.
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