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NHL commissioner says league could be affected by U.S.-Canada tariffs

National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by the current tensions between the U.S. and Canada. Bettman said 25% of the league’s revenue comes from its Canadian clubs. Though he said the Canadian teams perform well, Bettman added that there could be ramifications for the league depending on […]

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Abercrombie & Fitch shares fall after star retailer posts weak guidance for year ahead

Business News

Abercrombie & Fitch‘s growth story is starting to slow down. The apparel retailer issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects its sales will grow more slowly than Wall Street anticipated. Abercrombie is expecting sales to rise between 3% and 5% in fiscal 2025, well below estimates of 6.8%

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Kenvue settles proxy fight with activist Starboard, adding three directors to its board

Business News

Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard’s Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an eCommerce performance analytics platform, and Erica Mann, former head of pharmaceutical company Bayer’s consumer health division. “Sarah’s brand

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Foot Locker results show the sneaker industry — and Nike — still have more pain ahead

Business News

Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street’s expectations on earnings but falling short on sales. In

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Here’s how tariffs will hit the U.S. housing market

Business News

New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBC From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on

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CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

Business News

FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network and the three U.S. banks

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Trump’s tariffs could quickly cut North American auto production by a third

Business News

Nissan’s Smyrna Vehicle Assembly Plant opened in 1983, marking Tennessee’s first major auto facility. The plant employs more than 7,000 people are produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week

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Southwest Airlines closing 2 more crew bases in cost-cutting push

Business News

A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Southwest Airlines is closing two more crew basis amid its cost-cutting push that has also led to its first mass layoffs in its more than 50 years of flying. The airline

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Aviation industry pushes Congress for air traffic improvements, more hiring

Business News

File photo shows the air traffic control tower at Chicago’s Midway International Airport. M. Spencer Green | AP Aviation industry members on Tuesday again urged lawmakers for newer air traffic control technology and more hiring of air traffic controllers as airlines continue to complain about longtime shortfalls, while air travel demand has boomed. Their testimony

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Target to expand online marketplace, boost product assortment as it aims for billion in sales growth by 2030

Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030

Business News

Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer’s plans to grow its business and better compete against rivals like Walmart

Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030 Read More »

NHL commissioner says league could be affected by U.S.-Canada tariffs

Abercrombie & Fitch shares fall after star retailer posts weak guidance for year ahead

Kenvue settles proxy fight with activist Starboard, adding three directors to its board

Foot Locker results show the sneaker industry — and Nike — still have more pain ahead

Here’s how tariffs will hit the U.S. housing market

CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

Trump’s tariffs could quickly cut North American auto production by a third

Southwest Airlines closing 2 more crew bases in cost-cutting push

Aviation industry pushes Congress for air traffic improvements, more hiring

Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030

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