Month: June 2022
PGA suspends 17 golfers, including Phil Mickelson, for playing in Saudi-backed LIV event
Phil Mickelson plays on the 18th during the Pro-Am at the Centurion Club, Hertfordshire ahead of the LIV Golf Invitational Series. Steven Paston | PA Images | Getty Images The PGA Tour has suspended 17 golfers, including major championship winners Phil Mickelson and Dustin Johnson, who are competing Thursday in the Saudi-backed LIV golf event […]
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Here’s why Vitamin Shoppe’s owner wants to buy Kohl’s – and what could happen next
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 […]
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These two cruise lines stand out above the rest, Susquehanna says
The hard-hit cruise industry should see demand recover, but a testy economy means investors should be selective with which stocks to pick, according to Susquehanna Financial Group. “Positively, the industry is on the mend; liners are planning to redeploy their full fleets into the summer and have a line of sight to profitability into 2023. […]
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Fanatics strikes deal with colleges, student-athletes to launch Topps trading cards
Fanatics display at the All-Star Players House Presented by MLBPA located at the Corner Alley Bar & Grill on July 07, 2019 in Cleveland, Ohio. Duane Prokop | Getty Images Topps is launching a line of trading cards featuring college athletes this fall, in a deal that parent company Fanatics said will cut some players […]
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Amazon will let you try on digital versions of shoes you want to buy
Zoom In IconArrows pointing outwards Amazon on Thursday rolled out a new augmented reality shopping tool that lets users virtually try on shoes they may be interested in buying. Amazon said the tool would make the online shopping experience easier and more interactive for shoppers. The feature, called Virtual Try-On for Shoes, is available for […]
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Jan. 6 Capitol riot committee to reveal new details showing Trump ‘at the center’ of effort to overturn Biden win
The House select committee investigating the Jan. 6 Capitol riot is set to begin the first in a series of public hearings Thursday night, releasing new information it says shows former President Donald Trump “at the center” of a coordinated effort to reverse President Joe Biden’s 2020 election victory. The new details will show how […]
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Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters Production at Tesla’s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China’s zero-Covid lockdowns caused deeper disruptions to […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures were essentially flat Thursday, as […]
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Watch Christine Lagarde speak after the ECB ends its bond-buying program
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The European Central Bank on Thursday confirmed its intention to hike interest rates […]
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Nio reports wider first-quarter loss as Covid shutdowns in China hamper deliveries
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers from Nio’s […]
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