Business
Supreme Court agrees to hear Jack Daniel’s trademark case against dog toy company
Jack Daniel’s, Tennessee whisky. Newscast | Universal Images Group | Getty Images The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that’s “43% Poo by Vol.” and “100% smelly.” The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel’s against VIP […]
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Taylor Swift’s tour promoter says it had no choice but to work with Ticketmaster
Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entertainment | Getty Images Taylor Swift’s tour promoter is shifting blame for the botched “Eras” ticket sale squarely onto Ticketmaster, potentially fueling even […]
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Trump Media deal partner says shareholders approve delay of merger with Truth Social parent
This illustration photo shows Donald Trump’s new social media app Truth Social’s logo on a smartphone in Los Angeles, February 21, 2022. Chris Delmas | AFP | Getty Images Digital World Acquisition Corp., the blank check company that plans to take Trump Media and Technology Group and its Truth Social platform public, said Tuesday that […]
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Investors’ home purchases drop 30% as price increases slow down
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates, and now investors are pulling back even more than traditional homebuyers. Investor home purchases dropped just over 30% in the third quarter of this […]
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Bank of America makes Costco a top pick because of food inflation
Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. “We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery,” analyst […]
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Cowen downgrades Carvana, cites ‘lengthened’ path to profitability in a difficult macro environment
A “lengthened” path to profitability has Cowen concerned over the long-term trajectory of battered used vehicle stock Carvana . Analyst John Blackledge downgraded the company to market perform from outperform in a note to clients Monday. Carvana shares dipped slightly in the premarket. “CVNA has not met ’22 profit targets while carrying a significant debt […]
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Fanatics, Nike take sports merchandise model global in deal with Yomiuri Giants, Japan’s most popular baseball team
A woman browses a merchandise shop in Tokyo Dome ahead of the Japan Central League baseball match between Yomiuri Giants and Hiroshima Carp on October 14, 2020 in Tokyo, Japan. Carl Court | Getty Images Sport | Getty Images Sports commerce platform Fanatics is expanding a recently signed long-term partnership with Nike to include manufacturing and distribution […]
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Best Buy sticks to holiday-quarter outlook as electronics demand holds up
A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented demand for pricey consumer electronics came in better than feared. […]
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5 things to know before the stock market opens Tuesday
Trader on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. For the birds There are still two more trading days until Thanksgiving, but things are already slowing down on Wall Street. Stocks slid during a low-volume session Monday as investors […]
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Two companies have luxury trains called the ‘Orient Express.’ Here are the differences
The “Orient Express” has been called the “king of trains” and the “train of kings.” Royalty, writers, actors and spies have ridden the original route between Paris and Istanbul, which started in the late 19th century. Author Agatha Christie described the Orient Express as “the train of my dreams.” She set a bestselling murder mystery […]
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