Business

People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a…

General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024.Sopa Images | Lightrocket | Getty ImagesInflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a…

MongoDB CEO Dev Ittycheria.Scott Mlyn | CNBCMongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year.Here is…

Costco Wholesale 's third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter,…

Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown.Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over…

A Gap store in New York, US, on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings figures on May 30. Bloomberg | Bloomberg | Getty ImagesGap posted positive comparable sales at all four of its brands on Thursday, leading the…

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell reported first-quarter earnings on Thursday that beat…

A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024.Bing Guan | Bloomberg | Getty ImagesNordstrom on Thursday fell short of Wall Street's quarterly earnings expectations, as its…

People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more…

Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company's fiscal 2025 first quarter fell 6.5%…

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon's turnaround plan is starting to pay off. The sneaker retailer isn't out of the woods just yet, but we're removing the stock from our penalty…

Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's…

Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also…

A Best Buy store stands outside of a Brooklyn mall on August 29, 2023 in New York City.Spencer Platt | Getty ImagesBest Buy missed Wall Street's quarterly sales expectations on Thursday as softer demand for consumer electronics…

Wall Street has chalked up a number of milestones since the Club's April Monthly Meeting. The Nasdaq Composite has set a series of all-time highs, including on Tuesday, when it closed above the 17,000 level for the first time. Despite a…

Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year…

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares plummeted as much as 17% in extended trading on Wednesday…

American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless,…

An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. Michael M. Santiago | Getty ImagesAbercrombie & Fitch reported its strongest first quarter in its history on Wednesday,…

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the…

A shopping cart sits in front of a Dick's Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday said customers are spending more on new…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. The Nasdaq on Tuesday shot up past 17,000 for the first time ever — driven by further…

Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty ImagesInvestors likely will have to sweat out a summer during which it looks increasingly…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a "really bad day"…

People walk in the rain over the London Bridge in central London, March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesLONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for…

Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.Nvidia's quarterly earnings report has become a way for investors to…

Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024 in London, England.Leon Neal | Getty ImagesSoaring auto insurance costs have been a principle driver behind inflation over the past year,…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks were mixed on Thursday. The Nasdaq hit a record high after Club holding…

JPMorgan Chase's chairman and CEO Jamie Dimon says the the U.S. economy could see a "hard landing."When asked by CNBC's Sri Jegarajah about the prospect of a hard landing, Dimon replied: "Could we actually see one? Of course, how could…

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Even better was a big revenue guide and a broader vision from CEO Jensen Huang that reinforced the notion…