Macy's and Costco sound a warning about the economy
Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
1970-01-01 08:00
Macy's cuts annual forecasts as customers curb spending, shares fall
Macy's Inc on Thursday cut full-year sales and profit forecasts, hurt by a slowdown in demand for high-end
1970-01-01 08:00
Roundup: House Passes Debt Ceiling Bill; Pistons Hire Monty Williams on Massive Deal; Zach Edey Returning to Purdue
House passes debt ceiling raise, the Pistons hire Monty Williams on a $78.5 million deal, Zach Edey returning to Purdue and more in the Roundup.
1970-01-01 08:00
Detroit Pistons agree to record deal with Monty Williams to be new head coach, per reports
The Detroit Pistons have agreed to a record deal with Monty Williams to be the franchise's new head coach, according to The Athletic's Shams Charania and ESPN's Adrian Wojnarowski.
1970-01-01 08:00
Rishi Sunak prioritises illegal migration in European talks
A summit of 47 nations in Moldova is likely to be dominated by the war between Russia and Ukraine.
1970-01-01 08:00
Pride Month was once an easy win for brands. Now, the stakes are much higher
Companies have long embraced Pride Month in June as an uncomplicated way to market to members of the LGBTQ+ community while telegraphing progressive values. But this year won't be nearly so straightforward.
1970-01-01 08:00
Digital doubles, fake trailers: AI worries Hollywood actors before labor talks
By Lisa Richwine LOS ANGELES A search for Wes Anderson on YouTube turns up trailers that the famed
1970-01-01 08:00
Debt-Limit Deal Passes the House, Easing US Default Concerns
The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints
1970-01-01 08:00
Swiss Fall Out of Love With Cash Amid Soul Searching About Money
Switzerland’s formerly cash-obsessed citizens are falling out of love with physical money. Some 36% of consumer transactions were
1970-01-01 08:00
Euro-Area Core Inflation Eases But Won’t Stop ECB Raising Rates
Underlying inflation in the euro zone dipped by more than expected, though the retreat is unlikely to stop
1970-01-01 08:00
ECB’s Knot Says 2024 Rate-Cut Bets May Have to Be Adjusted
European Central Bank Governing Council member Klaas Knot said it’s “not unlikely” that investors will have to adjust
1970-01-01 08:00
Larry Summers Sees UK Recession After ‘Historic Error’ on Brexit
Larry Summers has said he would be “very surprised” if the UK gets through the next two years
1970-01-01 08:00