Business

Nuuly warehouseNatalie RiceUrban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the…

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty…

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg | Getty ImagesInterest rate cuts don't happen during good times, something important for markets…

Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesThe U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product…

Gary Cohn, vice chairman of International Business Machines Corp. (IBM), during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, Oct. 19, 2021.Kyle Grillot | Bloomberg | Getty ImagesThe U.S. economy is…

A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesWith central banks having hiked interest rates at breakneck speed and those rates likely to stay…

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Tuesday he's growing more…

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesNordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers' comments about…

John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M.…

Nvidia Co-Founder and CEO Jensen Huang arrives at a Senate bipartisan Artificial Intelligence Insight Forum in Washington on Sept. 13, 2023.Sarah Silbiger | Bloomberg | Getty ImagesAnalysts are looking for Nvidia to deliver on the…

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious…

Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and…

Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue.Gil Cohen-magen | AFP | Getty ImagesGeopolitical risks will be the key threat to the…

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesShrink who? Sales and profits at Dick's Sporting Goods bounced back in the third quarter, leading the retailer to raise its…

An exterior view of a Lowe's home improvement store. Lowe's Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty ImagesLowe's on Tuesday lowered its full-year sales outlook, after customers…

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although…

Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday.The hedge fund titan warned during a CNBC appearance that the need to borrow more and more…

A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty ImagesGap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season…

Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany.Getty ImagesSiemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2…

Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China.Xaume Olleros | Bloomberg | Getty ImagesLONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion…

Macy's Herald Square store in New York is shown on Aug. 21, 2023.View Press | Corbis News | Getty ImagesMacy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year…

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesChinese e-commerce giant Alibaba on Thursday reported quarterly profit that missed…

Walmart store with gardening products for sale in Atchison, Kansas.Ucg | Universal Images Group | Getty ImagesWalmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.Here's what Wall Street expects…

Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware…

Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesMarkets seem to have taken this week's positive economic data as the all-clear signal for…

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesWholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the…

A Marshalls store in New YorkScott Mlyn | CNBCTJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant,…

People exit a Target store in the Harlem neighborhood in Manhattan on September 28, 2023 in New York City.Spencer Platt | Getty ImagesTarget on Wednesday topped Wall Street's quarterly sales expectations and blew past earnings estimates, as…

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before…

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.The consumer price index, which measures a broad basket of commonly used goods and…