Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and […]
Oil prices drop as talk of Israel-Hezbollah cease-fire cuts ‘security premium’
Oil futures ended lower Monday, with talk of a potential cease-fire deal between Israel and Lebanon-based Hezbollah leading prices to shrink their ”security premium,” pulling global benchmark crude prices down by nearly 3%.
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women’s sports. State Farm is furthering its investment in women’s sports with two new deals. The insurance giant announced on Monday that it had signed college basketball star JuJu Watkins to an NIL, or “name, image and […]
Snowflake’s stock advances on upgrade as AI ‘revolution’ hits its ‘next gear,’ one analyst says
Silicon Valley-based Snowflake is “in the sweet spot” to benefit from wider use of AI among businesses over the next 12 to 18 months, according to Wedbush analyst Dan Ives.
Macy’s posts preliminary results, delays full earnings release
A shopper carries a Macy’s bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it completes an investigation of an accounting issue. The company was […]
UniCredit makes $11 billion bid for rival Italian bank
UniCredit on Monday launched a bid for a rival Italian bank in a move that was seen as decreasing the chances it will acquire Germany’s Commerzbank.
More retailers squeeze in earnings reports before Black Friday with holidays and tariffs in focus
With Black Friday and the holiday shopping sprint just days away, quarterly results from retailers such as Macy’s Inc. and Nordstrom Inc. this week will help set the tone for the rest of the season, as inflation-squeezed shoppers continue to zero in on discounts.
The latest $5 meal? This year’s Thanksgiving dinner.
The average cost per person for a Thanksgiving meal is expected to fall this year, according to the American Farm Bureau Federation.
Will inflation stick around? What oil, gold and stocks are signaling about rising prices.
Inflation worries have come back to haunt U.S. financial markets as inventors fret over the potential policy changes under President-elect Donald Trump’s second term could stoke a resurgence of price pressures.
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022. Jeff Greenberg | Universal Images Group | Getty Images Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the threat of delays or cancellations […]
