Macy’s shares soar on upbeat profit forecast
Macy’s beat estimates for holiday quarter results and forecast annual profit largely above expectations as the department store operator looks to ...
Tag: Economy
Kohl’s swings to surprise Q4 loss, warns on profit for year
Kohl’s plans to cut inventory by roughly 5% this year, be more surgical with discounts and change how it showcases ...
Home price growth slowed in December
US single-family home prices in December increased at their slowest pace since the summer of 2020, surveys showed on Tuesday, ...
Fed’s key gauge of US inflation surges at fastest rate since June
The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price ...
Domino’s shares tank as inflation slices Q4 pizza sales
Domino’s Pizza missed quarterly sales estimates on Thursday as inflation-hit customers, put off by higher delivery fees, cut back on online orders ...
GDP for fourth quarter revised down to 2.7%
The US economy expanded at a smaller-than-expected 2.7% annual rate from October through December, the Commerce Department said Thursday in ...
NPR to lay off 10% of staff as ad revenue drops
NPR will lay off about 10% of its current staffers and stop filling most vacant positions as it contends with ...
Goldman extends forecast for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting ...
Remote work costs Manhattan $12.4 billion per year: report
Hybrid office schedules are bleeding the Big Apple’s coffers of billions of dollars as employees continue to work from home, ...
Oil prices jump as Russia slashes output to protest sanctions
Oil prices spiked on Friday after Russia said it will slash production output by 5%, or about 500,000 barrels per ...
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