Month: August 2024
Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per […]
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Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Key Points Dollar General, Dollar Tree and Kroger have charged customers who ask for cash back in recent years. Their cash-back fees amount to more than $90 million a year, Consumer Financial Protection Bureau reports. Such fees may disadvantage those in banking deserts, where they don’t have easy access to cash for free. Retailers say […]
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Washington Commanders strike stadium naming rights deal with Northwest Federal Credit Union
Washington Commanders fans celebrate after NFL team owners unanimously approved Josh Harris’ purchase of the team from Daniel Snyder, at The Bullpen’s “Burgundy and Sold” party on July 20, 2023. Julia Nikhinson | The Washington Post | Getty Images The home of the Washington Commanders just got a new name. The team’s stadium will be […]
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Analysis of Nvidia’s stock chart ahead of the big earnings report
Nvidia is set to report earnings Wednesday after the bell and to say this is the Super Bowl of earnings reports is an understatement. There has been so much talk about the exorbitant amount of cap-ex spending that needs to be done by companies not just in the technology sector to position for the AI […]
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This water treatment startup is already a unicorn, and has $225 million in VC funding
While it might seem like humans and animals consume most of the world’s water, heavy industry uses up to half of it. That’s why business sectors are looking for new ways to recycle water, especially in the face of increased drought. Some of the world’s most essential industries, like pharmaceuticals, food and beverage, textiles, mining, […]
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Hostage held by Hamas in Gaza rescued by Israeli forces, IDF says
A Bedouin man who was held hostage in Gaza for more than 10 months was rescued by Israeli forces on Tuesday, Israeli officials announced. Qaid Farhan Alkadi, 52, was rescued from an underground tunnel in a “complex mission” by Israeli commandos acting on intelligence, Israel Defense Forces spokesman Rear Adm. Daniel Hagari said in a news briefing Tuesday. “He […]
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Stocks making the biggest moves midday: Paramount, Eli Lilly, Netflix, Hershey and more
Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in […]
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Trump taps RFK Jr. and Tulsi Gabbard for presidential transition team
Former President Donald Trump has added his onetime campaign rival Robert F. Kennedy Jr. and the former Democratic Rep. Tulsi Gabbard to his presidential transition team, a spokesman confirmed Tuesday. Both Kennedy and Gabbard endorsed Trump in the past week in his race against Vice President Kamala Harris, the Democratic presidential nominee. “As President Trump’s broad coalition of supporters […]
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Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock […]
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Sony hikes price of aging PlayStation 5 console in Japan by 19%
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market. The Japanese gaming giant said its suggested retail price for the PS5 is now 79,980 yen, […]
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