Business

Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesShares of Abercrombie & Fitch soared 18% in premarket trading Wednesday after the mall retailer beat…

Exterior view of an Urban Outfitters store is seen in Pasadena, California, May 22, 2021.RBL/Bauer-Griffin | GC Images | Getty ImagesShares of Urban Outfitters popped about 8% Tuesday after the company reported fiscal first-quarter earnings…

Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on "Perspectives on Monetary Policy" during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023.Saul Loeb |…

A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty ImagesLowe's cut its full-year outlook Tuesday, as lumber prices fell and…

BONN, Germany - Jan. 30, 2023: A Ryanair plane parks at Bonn airport in Cologne, Germany. Ryanair reported a bumper full-year profit for 2022/23 on the back of resurgent traffic and favorable oil hedges.Ting Yang | Nurphoto | Getty…

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesFoot Locker's stock opened 24% lower Friday after it reported dismal fiscal first-quarter results and reduced its…

Bath & and Body Works entrance.Jeff Greenberg | Getty ImagesBath and Body Works' stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. While sales and…

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning.Bloomberg | Bloomberg | Getty ImagesAlibaba announced plans to spin off its…

A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023.Dustin Chambers | Bloomberg | Getty ImagesWalmart will report fiscal first-quarter earnings before the bell on Thursday, after Home Depot and Target said shoppers have pulled back on…

A sign displays the price in pound sterling of food goods, including cucumbers, at a a fruit and vegetable market in stall east London on March 31, 2023.Susannah Ireland | Afp | Getty ImagesLONDON — After more than a year of warnings, Bank…

Target on Wednesday topped Wall Street's earnings expectations, even as the discounter's sales barely grew year-over-year and its shoppers bought more necessities.The big-box retailer stuck with its outlook for the fiscal year. It expects…

Chinese tech giant Tencent released quarterly results Wednesday.Nurphoto | Nurphoto | Getty ImagesTencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the company saw a big rebound…

A shopper browses shirts at a clothing store in Atlanta, Georgia, US, on Tuesday, Feb. 14, 2023.Dustin Chambers | Bloomberg | Getty ImagesConsumers barely kept up with inflation in April, as retail sales increased but fell short of…

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company's newly-appointed CEO Margherita Della Valle.Paul Hanna | Bloomberg | Getty ImagesVodafone shares fell more than 7% on Tuesday, after the British…

A customer enters a Home Depot store on August 16, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesHome Depot said on Tuesday that quarterly sales fell short of expectations and it lowered its forecast for the year, as…

Woman making a cash withdrawal at an ATM.Getty ImagesTotal consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.The total for borrowing across all categories…

Michigan Avenue in Lansing, Michigan.Mike Kline (Notkalvin) | Moment | Getty ImagesLansing, Michigan may never be the same. The city of just over 110,000 residents known for its towering state capitol building, large convention center and…

A member of the public walks through heavy rain near the Bank of England in May 2023.Dan Kitwood | Getty Images News | Getty ImagesLONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March,…

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller on Thursday cast doubt on…

Polestar 3Courtesy: PolestarSwedish electric vehicle maker Polestar on Thursday trimmed its full-year production guidance, saying that its upcoming Polestar 3 SUV will be delayed until 2024 because of software issues.The company also said…

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that inflation is at least trending lower.The producer price index, a measure of prices for final demand goods and…

Christian Lindner, German finance minister, told CNBC he hopes the U.S. will avoid adding further problems to the global economy.Johannes Simon | Getty Images News | Getty ImagesGerman Finance Minister Christian Lindner hopes American…

Janet Yellen, US Treasury secretary, during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Thursday, May 11, 2023.Bloomberg | Bloomberg | Getty ImagesTreasury…

Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.Stefani Reynolds | Afp | Getty ImagesSince the onset of Covid-19, labor shortages have plagued major economies and intensified…

Unity Software CEO John Riccitiello speaks onstage during TechCrunch Disrupt SF 2018 in San Francisco, Sept. 5, 2018.Steve Jennings | TechCrunch | Getty ImagesShares of Unity Software popped more than 11% in extended trading Wednesday after…

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City.Spencer Platt | Getty ImagesFox Corp. reported a quarterly net loss on Tuesday due to the costs related to its…

Electron rockets undergo preparation for launch.Rocket LabRocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its…

Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesEven with inflation running well above the Federal Reserve's goal, markets became more…

Writers walk the picket line on the second day of the television and movie writers' strike outside Disney Studios in Burbank, California on May 3, 2023.Robyn Beck | AFP | Getty ImagesA writers strike, a feud in Florida and ongoing…

A widely followed measure of inflation rose in April, though the pace of the increase provided some hope that the cost of living will head lower later this year.The consumer price index, which measures the cost of a broad swath of goods and…