Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear. The sports apparel and footwear retailer’s stock declined over 29% during Tuesday’s trading session, on pace for a record one-day percentage drop if the losses hold, after it also missed…
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets…
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde…
Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities. Bessent spoke Monday at a press conference to discuss a new plan for the…
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Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over…
ChatGPT-maker OpenAI on Tuesday announced that it’s creating a new portal for teenagers between the ages of 13 and 17…
Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in…
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July,…
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Some universities are now allowing students and their families to pay tuition through PayPal and Venmo. Among the first institutions offering the payment options are Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech University, although more universities are expected to…
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Since early June, Wall Street’s major stock indexes have all rallied to fresh record highs. While artificial intelligence (AI) is the trend behind this surge in stock valuations, it’s the “Magnificent Seven” that have done most of the heavy lifting. These are some of Wall Street’s most influential businesses, and…
United Airlines reportedly approached Delta Air Lines last year about a potential merger that would have combined two of the largest U.S. carriers. United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch the potential tie-up, The Wall Street Journal reported Sunday, citing people familiar with the matter.According to…
Shares in the Magnificent 7 tech stocks have slumped this week amid investors’ concerns about massive spending by hyperscalers on artificial intelligence infrastructure amid uncertainty about the global economy due to the resumption of hostilities in the Iran war. The so-called Magnificent Seven tech stocks experienced their biggest one-day drop…
Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a more cautious consumer weighed on its first-quarter performance. The grocery chain now expects identical sales to decline between 0.5% and 1.5% for the full fiscal year, compared with its previous forecast of flat sales…
Mortgage rates rose again this week and reached the highest level in nearly a year, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.58% this week, up from 6.55% last week.This…
Ford is planning to integrate Apple software into its next-generation fleet of electric vehicles, which will in turn help power hands-free driving technology. Apple and Ford announced Thursday that Apple Maps will be included in the automakers’ new Universal Electric Vehicle (UEV) platform through the use of Apple’s MapKit for…
Fidelity Investments released its 25th annual estimate of retiree healthcare costs, which revealed a significant jump from a year ago as medical care and related expenses become more expensive. The report estimated that a 65-year-old who retires in 2026 can expect to spend an average of $185,500 on healthcare and…
Pulling in capital, talent and corporations at a historic clip, Florida is no longer just competing with rival states — it’s competing with global economies. New data from the Florida Chamber of Commerce shows the Sunshine State’s $1.8 trillion economy has climbed to No. 14 globally, according to the Florida…
Jaguar Land Rover is recalling more than 15,000 vehicles over an issue that could affect the rearview camera, which could limit the driver’s rear visibility while reversing, according to federal regulators. A total of 15,535 vehicles are potentially affected by the recall, covering 2021-2025 Land Rover Discovery models, the National…
Disney laid off several hundred employees Tuesday morning across multiple divisions, with Pixar absorbing the largest share of the cuts. At least 116 employees were laid off at Pixar’s Emeryville, California, headquarters, according to TheWrap, citing sources. Disney Entertainment Television, Disney Studios and ESPN were also affected by the latest…
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