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Macy’s turnaround starts to take shape, but ailing stores weigh on quarterly results

Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private. Across the business, which includes the Macy’s banner, Bloomingdale’s and Blue Mercury, comparable sales during the all-important […]

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It’s ‘never been easier’ to become an online scammer as cybercrime markets flourish, security experts warn

Technology News

“Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes,” Nicholas Court, assistant director of Interpol’s Financial Crime and Anti-Corruption Centre, told CNBC. Imaginima | E+ | Getty Images An expanding network of cybercrime marketplaces is making it easier than

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MongoDB shares sink after company issues weak guidance

Technology News

Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about

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Novo Nordisk offers Wegovy for less than half the price through new direct-to-consumer pharmacy

Business News

Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images Novo Nordisk on Wednesday said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online pharmacy. The cash-pay offering is available to millions of patients

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Amgen starts two critical late-stage trials for weight loss drug MariTide

Business News

The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Wednesday said it has started two critical late-stage trials for its experimental weight loss injection MariTide, another step in its bid to enter the booming obesity drug market. “We’re delighted to share

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

Business News

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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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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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

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

Macy’s turnaround starts to take shape, but ailing stores weigh on quarterly results

It’s ‘never been easier’ to become an online scammer as cybercrime markets flourish, security experts warn

MongoDB shares sink after company issues weak guidance

Novo Nordisk offers Wegovy for less than half the price through new direct-to-consumer pharmacy

Amgen starts two critical late-stage trials for weight loss drug MariTide

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

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

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

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