Covid’s ‘legacy of weirdness’: Layoffs spread, but some employers can’t hire fast enough
Retail sales and other economic data has been positive, despite inflation and rising interest rates. [...]
Scoring the best deals on Presidents’ Day holiday sales: 3 smart money moves to make as you shop
Amid ongoing high-inflation, consider these three strategies to help save money while you shop for holiday sales this President's Day. [...]
Inside Peloton’s rapid rise and bitter fall — and its attempt at a comeback
Peloton used to be the toast of Wall Street. Now, under CEO Barry McCarthy, it's a year into an aggressive turnaround that has altered the company's i [...]
Retailers could face cost cuts and slower sales this year
Walmart and other retailers are expected strike a more cautious tone and share more conservative outlooks for the year ahead. [...]
Citi says buy 3 stocks tied to the consumer for the same reasons we own them
Citi is bullish on Club holdings Estee Lauder (EL), Constellation Brands (STZ) and Procter & Gamble (PG). [...]
DraftKings stock surges after sports-betting company boosts outlook
DraftKings jumped after the sports betting company reported stronger than expected revenue and raised its outlook. [...]
They were convicted for marijuana. Now they’re first in line to sell it legally
States like New Jersey are working to help people hurt by racially biased drug policies get licenses to sell marijuana legally. [...]
Hasbro keeps expectations low for the start of 2023, but sees turnaround coming
Hasbro reported disappointing holiday sales, which it had anticipated given slowing consumer demand. [...]
CNBC Daily Open: U.S. stocks don’t seem bothered by inflation, ignore jump in retail sales
January's retail sales, like the months' jobs report and consumer price index, were higher than expected. But stocks don't seem concerned anymore. [...]
CNBC Daily Open: U.S. stocks don’t seem concerned about inflation, disregard jumping retail sales
January's retail sales, like the months' jobs report and consumer price index, were higher than expected. But stocks don't seem concerned anymore. [...]