Text size There is a single-stock ETF that allows anyone to short Tesla stock now. Chris Delmas/AFP via Getty Images Tesla investors have a new way to play the electric vehicle maker in the U.S.—singl...
Tag: Retail
Retail sales up 1% in June, easing fears of a recession
Commerce Department figures show that consumers are still spending on nonessentials such as gadgets and furniture, but department stores took a hit. Above, a shopper at Hardwear clothing store in Los ...
When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in J...
Starbucks Store Closings Spark Dispute With Unionizing Employees
Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
Dow jumps 650 points as stocks close sharply higher after stronger-than expected retail sales report, surge in Wall Street bank shares
U.S. stock indexes closed sharply higher Friday, with the S&P 500 and Dow Jones Industrial Average each snapping a five-day losing streak, after stronger-than-expected retail sales data and a mode...
Dow Jumps Over 600 Points After Strong Retail Sales, Mixed Bank Earnings
Topline Stocks surged higher on Friday—recouping some of their losses from this week—as investors assessed the latest batch of corporate earnings from major banks and markets got a boost from stronger...
Cannabis News Week: SAFE Banking Passes House (Again); New York Cracks Down
The U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act this week as a rider on the 2023 National Defense Authorization Act. Before you light your joints in celebration, k...
Stocks gain after retail sales, Citi earnings top estimates
U.S. stocks rallied Friday as Wall Street attempted to shake off this week’s losses. Sentiment was buoyed by better-than-expected retail sales data and a strong earnings report from Citigroup (C). The...
Gasoline Demand Is the Lowest in a Year. Blame Remote Work, Not Pump Prices.
Text size U.S. crude oil inventory levels still remain 5% below the five-year average for this time of year. Brandon Bell/Getty Images It isn’t just high oil prices, but Americans working from home th...
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
Dow Jumps 400 Points After Strong Retail Sales, Mixed Bank Earnings
Topline Stocks opened higher on Friday—attempting to recoup some of their losses from this week—as investors assessed the latest batch of corporate earnings from major banks and markets got a boost fr...
Walmart Gives Embattled Tesla Rival Canoo a Lifeline
Canoo (GOEV) – Get Canoo Inc. Report, a young electric-vehicle manufacturer navigating serious financial stresses, got a lifeline just when it needed it. The financial problems have clouded Can...
Costco CEO: No Plans For Membership Fee, Hot Dog Price Increases
Updated at 1:01 pm EST Costco (COST) – Get Costco Wholesale Corporation Report shares edged lower Monday after CEO Craig Jelinek said it’s ‘not the right time’ to consider rai...
Bed Bath & Beyond Insiders Scooped Up Stock After an Awful Quarter
Text size Bed Bath and Beyond insiders snapped up shares of the home-goods retailer. Erin Cadigan/Dreamstime.com Everything but the kitchen sink has seemed to go wrong at Bed Bath & Beyond , but t...
Crypto Rout Deflates Some Web3 Startups Buoyed by Push Into Digital Tokens
The cryptocurrency rout has spread to startups that offer users digital tokens, pushing down digital asset prices and driving away hordes of users. The startups—part of what has been called Web3—allow...
American Weed Stocks Are Cheap and About to Get a Sales Bump
The AdvisorShares Pure US Cannabis ETF is down 25% in the past month, while the S&P 500 dropped 7%. Courtesy of Trulieve Text size However bad the year has been for most stocks, it’s been especial...
Costco is dominating retail as economy slows
While the rest of retail begins cracking under the weight of consumers pulling back, Costco is proving to be the shining light in the current storm. Pros say Costco is gaining market share right now a...
Large Retailers Are Getting Hit Hardest by Overstocking
Big retailers are struggling to cope with large stockpiles of furniture, apparel and workout equipment, yet broad measures show inventories at American companies remain exceedingly lean by historical ...
PayPal stock slips after downgrade: ‘Hard to ignore e-commerce woes’
PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an analys...
Kohl’s Stock Lands in the Damaged Bin
Text size A Kohl’s department store in Lexington, Ky. Luke Sharrett/Bloomberg Wall Street has lost faith in Kohl’s , given problems facing nearly all retailers and a potential deal that was scru...
Battered by Black Swans, Retail Industry Hunkers Down
Battered by Black Swans, Retail Industry Hunkers Down UnSplash The week of the Fourth of July holiday is one of those moments in the year when the rhythm of nature, our lives, and our businesses slows...
Amazon’s Earnings Outlook Could Be Better Than Feared, Analyst Says
Text size Amazon workers pull a cart of packages for delivery in New York City. Michael M. Santiago/Getty Images Amazon . com will report second-quarter earnings two weeks from now, and the Street is ...