Hoka shoes are seen in a store in Krakow, Poland on February 1, 2023. Jakub Porzycki | Nurphoto | Getty Images Shares of footwear maker Deckers Brands plunged 15% Friday after the company trimmed its sales guidance for Hoka and Ugg — the two brands driving its growth — over concerns that tariffs are leading to […]
There’s just two months until Christmas Eve, and retailers are meeting a more cautious shopper with earlier offerings. Most retailers won’t report third-quarter results or updated holiday expectations until just before Thanksgiving, largely considered the sector’s most important week of the year. By then, many shoppers will have already started checking off holiday shopping lists.
With two months to Christmas, here’s what retail leaders expect for holiday shopping Read More »
The headquaters of US auto company General Motos (GM) in Detroit, Michigan. Uli Deck | Picture Alliance | Getty Images DETROIT – General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to reevaluate its businesses and cut costs to boost profits. The impacted employees were largely Computer-Aided Design, or
GM lays off more than 200 salaried workers in latest round of job cuts Read More »
IRVINE, Calif. — Taco Bell is going all in on beverages, starting with its Live Más Café concept. The Yum Brands chain unveiled the drink-focused store format last December, with the first location in Chula Vista, California. Ten months later came the second location, near the University of California, Irvine, campus. By the end of
Taco Bell tries to woo younger customers with Live Más Café’s flashy beverages Read More »
Compassionate Eye Foundation/david Oxberry | Digitalvision | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices have been investing with more caution since President Donald Trump’s tariff announcement
Family offices fear dollar depreciation, lower investment returns in wake of tariffs Read More »
Canada’s Prime Minister Mark Carney waves next to U.S. President Donald Trump at the White House in Washington, D.C., U.S., Oct. 7, 2025. Evelyn Hockstein | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1.
Boxes of Tide Pods dishwasher detergent are displayed at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products. However, the
Procter & Gamble beats earnings estimates but warns of higher costs from tariffs Read More »
Hall of Fame basketball player Carmelo Anthony said Thursday, in the wake of bombshell indictments detailing illegal NBA betting, that the rapid rise of sports gambling is putting growing pressure on today’s athletes. Speaking with CNBC Sport, the former New York Knicks star said the betting culture “mentally affects” players. “They may say they don’t
Former Knicks star Carmelo Anthony says gambling puts pressure on athletes Read More »
Workers at a factory in Houston, Texas build servers for Apple. Apple Apple has started shipping advanced servers for artificial intelligence applications out of a factory in Houston, Texas, the company announced on Thursday. These servers are a core part of Apple’s commitment to spend $600 billion in the U.S. on advanced manufacturing, suppliers, and
Apple begins shipping American-made AI servers from Texas Read More »
Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to
Target cuts 1,800 corporate jobs in its first major layoffs in a decade Read More »
