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Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

The department store retailer said revenue for the year ahead will range from a 2% decline to a 1% gain compared with the previous year.

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Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices

Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices

Abercrombie & Fitch has been on a rollercoaster of growth over the last year and Wall Street will be keen to see if it can […]

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Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month

Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month

The Justice Department is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging it was owned by Suleiman Kerimov.

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Target launches paid membership program as it chases new revenue streams

Target launches paid membership program as it chases new revenue streams

Target is following the playbook of Amazon and Walmart, which already have similar programs.

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Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20

Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20

The proposal is one of several new health-care policy proposals that Biden will outline during his State of the Union address Thursday.

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Foot Locker shares plunge nearly 30% as retailer posts holiday loss, delays key financial target

Foot Locker shares plunge nearly 30% as retailer posts holiday loss, delays key financial target

Foot Locker reported earnings as CEO Mary Dillon leads the legacy retailer through an ambitious turnaround. But some analysts say it has gone too slowly.

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Why private equity has been involved in every recent bank deal

Why private equity has been involved in every recent bank deal

New York Community Bank’s $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank.

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Saturday morning cartoons, streaming anytime: Why kids content is vital to subscriber growth

Saturday morning cartoons, streaming anytime: Why kids content is vital to subscriber growth

The unique thing about kids content is that streamers don’t need a lot of it to keep kids occupied.

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A handful of space companies are running out of cash and time. Here are three at risk

A handful of space companies are running out of cash and time. Here are three at risk

While many space companies battened the hatches to survive, a few publicly-traded names are running on fumes.

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Merck, Johnson & Johnson CEOs agree to testify in Senate hearing on high drug prices

Merck, Johnson & Johnson CEOs agree to testify in Senate hearing on high drug prices

The CEOs of Merck, Johnson & Johnson and Bristol Myers Squibb will testify at the hearing on drug prices, Sen. Bernie Sanders said.

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