Department stores are at risk from an ‘unprecedented’ level of excess inventory, analysts say
Department stores, like Nordstrom Inc. , Macy's Inc. , Kohl's Corp. and Dillard's Inc. are at risk from what analysts call an "unprecedented" amount of...
Meta settles with DOJ on alleged discriminatory housing ads, stock swings lower toward 26-month low
The U.S. Department of Justice announced Tuesday that it has obtained a settlement agreement with Meta Platforms Inc. , formerly known as Facebook Inc., to...
Dow jumps more than 600 points as U.S. stocks end sharply higher Tuesday
The U.S. stock market closed sharply higher Tuesday, with the S&P 500 bouncing from its worst week since March 2020 as investors bought the dip...
Biden signals he’s leaning toward gas tax holiday, saying there’s ‘plenty’ of money for infrastructure
President Joe Biden on Tuesday offered signs that he could support suspending the federal gasoline tax, as he responded to a reporter's question on how...
Biden describes Chevron CEO as ‘sensitive’ after exec says industry has been vilified
President Joe Biden on Tuesday said Chevron CEO Michael Wirth seemed thin-skinned about criticism from the White House. Asked to comment on a letter in...
La-Z-Boy stock jumps more than 11% after furniture maker reports ‘record’ quarterly sales
La-Z-Boy Inc. shares rallied more than 11% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter earnings above Wall Street expectations and...
Lowe’s expands into the metaverse with a tool to help visualize projects
Lowe's is offering customers a chance to use metaverse assets to help visualize building projects.
Kellogg to separate into three companies focusing on snacks, cereal and plant-based foods
Kellogg plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses.
Netflix talks with Google about ads as Sarandos is set to address Cannes this week
Netflix has met with Google, Comcast and NBCUniversal, and Roku to discuss potential marketing partnerships, sources told CNBC.