Tag: retail
Prominent chef tells Fed that worker shortages are due to ‘life changes’ in wake of pandemic
The reason that there is a worker shortage in the U.S. restaurant industry is that employees decided to make “life changes” as they went through...
Dow’s 400-point rally puts it on track for best day in 2 months as investors await Fed decision
U.S. stock benchmarks on Wednesday rose sharply, with investors fixated on the outcome of the Federal Reserve meeting, which concludes later in the session as...
J&J says booster greatly improves COVID-19 vaccine efficacy as experts await FDA decision
Johnson & Johnson became the latest COVID-19 vaccine maker to offer an update on booster doses Tuesday, when it said data from a Phase 3...
Nike supply chain problems in Vietnam could mean challenges ahead for Dick’s Sporting Goods
Nike Inc.’s supply chain slowdown could also put the brakes on Dick’s Sporting Goods Inc.’s momentum, according to Wells Fargo, which says it prefers Academy...
Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.
The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between...
European stocks push back toward record highs; aluminum producers surge after coup
European stocks jumped out of the gates on Monday, tracking gains out of Asia as investors took the view that weaker-than-expected U.S. jobs data last...
More U.S. companies are considering surcharges for unvaccinated employees
A company crackdown on unvaccinated workers could be coming, in the form of more mandates and more financial penalties, a new survey suggests. One week...
European regulator sees ‘no urgent need’ for COVID-19 boosters, aligning with WHO view and not the U.S.
The European Medicines Agency said Thursday that there is no “urgent need” for COVID-19 booster shots for fully vaccinated people and suggested instead the emphasis...
WHO warns of possible 236,000 new COVID-19 deaths in Europe by December, and Fauci says U.S. could see another 100,000
The World Health Organization warned Monday that Europe will likely see 236,000 new COVID-19 deaths by Dec. 1, and Dr. Anthony Fauci said the U.S....
‘I am (likely) the world’s most stupid person’: Former Microsoft and Amazon executive sentenced to 2 years for filing over $5 million in fake PPP loans
A one-time executive at both Microsoft MSFT MSFT, +0.21% and Amazon AMZN, +1.01% has been sentenced to two years in prison for falsely filing for...
Dick’s Sporting Goods has momentum, but analysts anticipate that robust margins could be pinched
Raymond James admits it was wrong about Dick’s Sporting Goods Inc. and upgraded the stock to market perform from underperform after the athletic-gear retailer crushed...
The Fed’s not boring anyone into submission after all. The dollar might be to blame.
For all the talk about how the Federal Reserve was going to bore markets into submission with endless talk about tapering, it’s noteworthy that the...
Victoria’s Secret shows lower sales in first earnings report after spin-off
Shares of Victoria’s Secret & Co. fell more than 7% in after-hours trading Wednesday after the retailer reported quarterly sales that fell short of expectations,...
U.S. retail sales slump 1.1% due to shortage of cars and Amazon Prime hangover
The numbers: Americans cut spending at retail stores in July for the second time in three months, largely reflecting an Amazon Prime Day hangover and...
10 midsize luxury cars you can get used for less than $25k
Luxury cars can be too expensive for the average budget, but used luxury cars are another story. Going used is a great way to get...
FDA authorizes an extra COVID-19 dose for people with weak immune systems in the first regulatory OK for a booster shot in the U.S.
The U.S. Food and Drug Administration late Thursday authorized an extra COVID-19 shot for people with compromised immune systems in a move that underscores the...
Authentic Brands IPO: 5 things to know about the company behind Sports Illustrated, Forever 21 and Marilyn Monroe
Authentic Brands Inc., the parent of retailers Forever 21 and Nine West, owner of Sports Illustrated and holder of the brand name and rights to...
U.S. COVID-19 case tally passes 36 million as more states seek face-mask mandates and plead with unvaccinated to get shots
The U.S. tally of confirmed cases of COVID-19 passed 36 million on Wednesday, with at least three states gearing up to implement face-mask mandates as...
Americans have been paying higher prices for months. Will the delta variant finally put a halt to rising prices?
Will delta be a game changer? The highly transmissible delta variant of COVID-19 is threatening to dampen the economic recovery from the pandemic, economists say....
Fake Covid Vaccination Cards Are on the Rise in the U.S., Europe
MILAN—As Covid-19 vaccine mandates proliferate in the U.S. and Europe, so are swindlers selling bogus vaccination certificates. The U.S. government has said federal workers must...
Here’s a glimmer of hope that more unvaccinated Americans are willing to get the COVID-19 shot
A quarter of unvaccinated adults say they are likely to get a COVID-19 vaccine by the end of the year, according to a new report...
Delta variant is now in 135 countries, says WHO, as director-general calls for moratorium on boosters to allow poorer countries get first doses
The highly transmissible delta variant of the coronavirus that causes COVID-19 is now in 135 countries, the World Health Organization said Wednesday, as its head...
The delta variant is more than twice as contagious as previous strains of the virus, federal health officials say, as they urge vaccinations
Federal health officials struck a serious tone on Monday, once again urging Americans to get vaccinated and calling on more employers to require COVID-19 vaccines....
Alibaba stock has taken a hit from China crackdown, but its earnings could be a different story
Alibaba Group Holding Ltd. will be looking to focus attention back onto its business Tuesday following a rough stretch for the broader Chinese internet sector....
Israel to Offer Pfizer Booster Shots to Elderly as Delta Cases Rise
TEL AVIV—Israel authorized the use of a booster shot of Pfizer Inc.’s Covid-19 vaccine for people aged 60 and over starting Sunday, after early data...
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