Rent-A-Center Inc: “It’s just a terrible quarter. It’s at $27 [a share]. I would still sell it. I wish I could be more positive, but it was a very bad quarter.” NIO Inc: “...
Tag: business news
Ritch Allison explains decision to retire as Domino’s CEO, expresses confidence in successor
Domino’s Pizza outgoing chief executive Ritch Allison told CNBC that the company is in good hands with its new leadership. “I’m at the point in my life now where my wife and I are re...
Stock futures rise slightly amid surge in oil prices, Ukraine conflict
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine. Futures tied to th...
AMC charges more for ‘The Batman’ tickets in new pricing test
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Your ticket to see Warner Bros.’ “The Batman” could cost more if ...
Nordstrom, SoFi, Hewlett Packard and more
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York...
MLB cancels Opening Day after owners fail to reach deal with players union
An Official Rawlings Major League Baseball sits with a bat, lock and chain to represent the lockout between Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA) on Dec...
Nordstrom (JWN) reports Q4 2021 earnings beat
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holid...
GM sells its stake in embattled EV start-up Lordstown Motors
The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth...
Where Main Street stands on the state of economy and President Biden
U.S. President Joe Biden delivers remarks on Russia’s attack on Ukraine, in the East Room of the White House in Washington, U.S., February 24, 2022. Leah Millis | Reuters As President Biden prep...
how it affects your tax return
Your filing status is the backbone of your tax return, and checking the wrong box can be costly. Yet many filers still confuse single and head of household, financial experts say. “Most people a...
With inflation and Ukraine, Powell must thread a needle on Capitol Hill this week to calm markets
U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. ...
Sears spinoff Seritage explores alternatives, Eddie Lampert quits board
Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of embattled department store chain Sears in 2015, said Tuesday ...
Target, Kroger, Foot Locker and more
A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target – ...
Workhorse swings to quarterly loss on recalls, outlines new product plan
Workhorse C-Series Courtesy: Workhorse Struggling electric vehicle start-up Workhorse Group expects to build roughly 250 vehicles in 2022 after completing a product-roadmap overhaul, the company said ...
Russian-backed investment fund tied to influential U.S. corporate consulting firm
An investment fund backed by Russian oligarchs that have been sanctioned by the European Union following the invasion of Ukraine has ties to Teneo, an influential corporate advisory firm based in the ...
You can watch the Netflix Marvel shows on Disney+ starting March 16
Krysten Ritter, Finn Jones, Charlie Cox and Mike Colter star in Netflix’s “The Defenders.” Netflix Netflix’s suite of Marvel-branded television shows will arrive on Disney+ in ...
Jeep maker Stellantis aims to double revenue by 2030
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on Januar...
German digital bank N26 plans to be ready for IPO by end of 2022
N26 co-CEO Maximilian Tayenthal speaking at a tech conference in London on June 12, 2019. Simon Dawson | Bloomberg via Getty Images BARCELONA — German banking start-up N26 will be prepared for an init...
A new BlackRock shareholder vote that may rule future proxy battles
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Gett...
Domino’s Pizza (DPZ) Q4 2021 earnings miss, CEO Ritch Allison to retire
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Tuesday announced a C-suite shake-up and qu...
Wheat futures reach highest levels since 2008 as Russia invasion advances
Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. Valentyn Ogirenko | Reuters The price of wheat on Tuesday rose to its highest levels in more than a...
Kohl’s (KSS) reports Q4 2021 earnings
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s on Tuesday reported fiscal fourth-...
Target (TGT) Q4 2021 earnings
Target on Tuesday said sales rose 9% in the fiscal fourth quarter, as it weathered supply chain challenges over the holidays and built on e-commerce and customer gains during the pandemic. The discoun...
Bitcoin (BTC) price jumps as Russia-Ukraine conflict continues
A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin jumped 13% on Tuesday continuing its sharp rebound as the Russian assault on Ukraine continues and the U.S. ratchets up sanc...
Pentagon’s SDA awards Transport Layer satellite internet contracts
Aerial view of the United States military headquarters, the Pentagon. Jason Reed | Reuters The Space Development Agency, an acquisition arm of the Department of Defense, on Monday announced nearly $1....
What to know before filing business taxes for the first time
In 2021, amid the ongoing pandemic and “Great Resignation,” Americans filed a record 5.4 million applications for new businesses, according to data from the U.S. Census Bureau. That means ...
Should you consider a Roth IRA conversion when the market drops?
If you’re considering a Roth conversion, stock market drops may make the strategy more appealing, according to financial experts. While the popular move, allowing higher earners to bypass inco...