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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Tesla said Wednesday that its robotaxi fleet has logged more than 380,000 unsupervised miles across six cities in two states without what the company described as a “notable” safety incident. Ashok Elluswamy, Tesla’s vice president of AI software, highlighted the fleet’s safety record during the electric vehicle maker’s second-quarter earnings…
Americans in the market for buying a new home are seeing the markets in some parts of the country turn in their favor after years of seller’s markets prevailing. Realtor.com on Tuesday released the second-quarter edition of its market clock report, which analyzes national and metro-level housing conditions based on…
More than 300,000 empty lots listed for sale could help reduce America’s housing shortage, according to new research from Zillow. The real estate company said 300,242 empty lots of five acres or fewer were listed for sale on Zillow in June, accounting for 17.4% of all for-sale listings.Building one home…
Google reportedly expanded its office presence in Miami this year after two of its co-founders purchased houses in South Florida. Alphabet, the parent company of Google, signed a lease expanding its existing 10,000-square-foot satellite office in Miami’s financial district by an additional 45,000 square feet, two people familiar with the…
ARK Invest CEO Cathie Wood is defending her fund’s stake in SpaceX, declaring the aerospace and satellite network pioneer could become the “most important company in global history” despite the stock’s recent slide and an upcoming $116 billion share unlock. During an interview on “Mornings with Maria” Wednesday, Wood explained…
Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to Mavis, one of the largest independent tire and service providers in the country, in a $700 million deal. Pep Boys has nearly 800 locations around the country and offers auto services including tires, repairs,…
Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators. A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in…
Apple is raising prices on Apple Music subscriptions as well as certain Apple One plans as the company faces higher licensing costs. The tech giant last week hiked prices for Apple Music plans across subscription tiers. Individual plans will rise by $1 a month to $11.99, while student plans will…
Nvidia has held the position as the world’s biggest company since about a year ago, when it became the first to reach $4 trillion in market value. It soared past former leaders Apple and Microsoft. But in recent days, Apple, which hasn’t climbed as much as its peers during the…
Student loan defaults are up to a record high, with 9.5 million borrowers in default, meaning they are more than 270 days behind on loan payments, according to data from the Office of Federal Student Aid. The near-10 million borrowers in default represent a record-high and nearly double the number…
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