Year: 2025
Nordstrom raises sales outlook after holiday season was better than feared
Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023. Brandon Bell | Getty Images Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store’s cautious expectations. The company stuck by its profit guidance, despite the higher […]
Read More
Inflation data will be of paramount importance in the week ahead, with earnings kicking off
With investor confidence in the Federal Reserve’s interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. The earnings season is also starting to ramp up once more. Stocks posted a second straight losing week, after this week’s strong economic data added to fears that the […]
Read More
Goldman says market ‘increasingly vulnerable’ to correction, recommends downside protection
Stocks are looking more primed for a correction as the new trading year kicks off, according to Goldman Sachs. After an unusually strong two-year surge, Peter Oppenheimer, Goldman’s chief global equity strategist, said there could be a short-term digestion period for stocks before further gains can be made. He noted that the two-year performance from […]
Read More
Meta announces end of DEI programs. Read the internal memo
Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse candidates, the latest dramatic change ahead of President-elect Donald Trump’s second White House term. Janelle Gale, Meta’s vice president of people, made the announcement on the company’s Workplace internal communications forum. Among […]
Read More
Brazil gives Meta 72 hours to explain changes to fact-checking program
Jaque Silva | Nurphoto | Getty Images Brazil’s government will give Meta until Monday to explain the changes to its fact-checking program, Solicitor General Jorge Messias said on Friday. The move comes after the social media company scrapped its U.S. fact-checking program and reduced curbs on discussions around topics such as immigration and gender identity. […]
Read More
McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc’s restaurant, a concept recently launched by McDonald’s on December 11, 2023 in Bolingbrook, Illinois. Scott Olson | Getty Images McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in […]
Read More
Airlines extend travel waivers due to LA wildfires
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Airlines have extended travel waivers for Los Angeles airports as wildfires continue to burn in the area. American Airlines, […]
Read More
Amazon to shut down ‘Try Before You Buy’ rival to Stitch Fix
Packages with the logo of Amazon are transported at a packing station of a redistribution centre of US online retail giant Amazon in Horn-Bad Meinberg, western Germany, on December 9, 2024. Ina Fassbender | Afp | Getty Images Amazon is shutting down “Prime Try Before You Buy,” a competitor to Stitch Fix that allowed Prime […]
Read More
Biden’s last chance to tackle tobacco: Limiting nicotine levels in cigarettes
Unnamed smoker at 4th Street Live in Louisville, KY. Jahi Chikwendiu | The Washington Post | Getty Images In its last few days of power, the Biden administration is expected to officially propose a limit on nicotine in cigarettes. It’d be a last-minute move to push back against the tobacco industry after President Joe Biden […]
Read More
Trump Organization to limit president-elect’s involvement under new ethics plan
U.S. President-elect Donald Trump speaks after a meeting with Republicans in Congress at the U.S. Capitol building in Washington, U.S. Jan. 8, 2025. Jeenah Moon | Reuters The Trump Organization on Friday unveiled a new ethics plan that it says will limit President-elect Donald Trump’s involvement in management decisions and other aspects of the business […]
Read More