CVS to close ‘select’ pharmacies in Target stores in the coming months
A person walks by a CVS pharmacy store in Manhattan, New York, U.S., November 15, 2021. Andrew Kelly | Reuters CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February […]
Fed’s Mester says March is probably too early for rate cut
Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March. Asked in an interview on Bloomberg television about market expectations for a move in March. Mester replied: “I mean it’s hard to predict the future, as you know, and it’s really going to […]
Neiman Marcus CEO addresses Saks sale rumors
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely […]
Wolverine World Wide sells Sperry to Authentic Brands Group
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday. The deal will generate $130 million, which Wolverine plans to use to pay down debt, it said. […]
How can my parents pay for long-term care? Should they do a reverse mortgage?
Both of my parents will need long-term care soon, and my family is wondering what the best way is for them to pay for it. We’re concerned their cash will be drained in the next six to 12 months. They’re not on Medicaid at the moment, but they have a house that has been in […]
LeBron James signs Fanatics deal, leaves Upper Deck
LeBron James signs with Fanatics Collectibles in a trading card deal, leaving Upper Deck after 20 years. Courtesy: Fanatics LeBron James is moving his trading card sponsorship to Fanatics Collectibles after more than 20 years with rival Upper Deck. Fanatics will kick off the deal by selling a unique Bowman brand card featuring a dual […]
DeSantis, Haley clash over his Disney fight at Iowa GOP debate
Florida Gov. Ron DeSantis defended his high-profile battle against the Walt Disney Co. during a debate on Wednesday night, while rival Republican presidential hopeful Nikki Haley criticized his treatment of the entertainment giant. “The proper role of government, if it means anything, it’s to protect our kids, and I’ve stood for the innocence of our […]
Citigroup at risk of quarterly loss after disclosing charges
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed by the company’s CFO just […]
Homebuilder Smith Douglas prices IPO at $21 a share, at top of range
Smith Douglas Homes Corp. priced its initial public offering at $21 a share late Wednesday, at the high point of its estimated range. The homebuilder plans to offer 7.69 million shares, raising about $161.5 million. Shares are expected to start trading Thursday on the New York Stock Exchange under the ticker symbol “SDHC.” JPMorgan, BofA […]
SpaceX, T-Mobile send first texts via Starlink satellites
SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022. Michael Gonzalez | Getty Images SpaceX successfully sent text messages via Starlink satellites using T-Mobile’s network, it announced Wednesday, as Elon Musk’s company aims to bring its direct-to-device […]
