Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown […]
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant
People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays
Shares of Hims & Hers Health fell 5% in extended trading on Monday after the company reported first-quarter earnings that beat analysts’ expectations but offered weaker-than-expected guidance. Here’s how the company did: Earnings per share: 20 cents vs. 12 cents expected by LSEG Revenue: $586 million vs. $538 million expected by LSEG Revenue at the
Hims & Hers gives weak outlook but says more collaborations are coming Read More »
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Monday signed an executive order to incentivize drug manufacturing in the U.S., streamlining the path for pharmaceutical companies to build
Trump signs order to boost domestic drug manufacturing as pharma tariff threat looms Read More »
The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers. FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year.
FanDuel Sports Network touts streaming subscriber growth for regional games Read More »
The entrance of the Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25% Read More »
The famed Hollywood sign is viewed on September 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Investors in Hollywood’s top studios and streaming services were spooked Monday after President Donald Trump proposed implementing a 100% tariff on movies made overseas. Shares of Netflix, Disney, Paramount and Warner Bros. Discovery fell in early-morning
Hollywood studio stocks fall after Trump proposes foreign film tariff Read More »
The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury-modern architecture and designs have remained untouched since the space opened in
Retailers bracing for consumer spending to drop are using President Donald Trump’s trade war as a marketing strategy, urging consumers to buy now before tariffs lead to price increases or potential shortages. A host of private and direct-to-consumer brands such as Beis, Bare Necessities, Fashion Nova and Knix have mentioned tariffs in marketing campaigns in
‘Dumpster fire’: Retailers urge shoppers to buy now before tariffs raise prices Read More »
