Category: Retail News
Wells Fargo’s downgrade of Costco underappreciates the retailer’s value
Wells Fargo downgraded Club holding Costco (COST) in a rare move Monday, citing "brewing headwinds" to the wholesale retailer's growth momentum. [...]
Here’s what we’ve learned about the health of the consumer this earnings season
A slate of earnings reports in recent weeks show consumers are tightening their belts and prioritizing essential purchases. [...]
Tyson CFO, also the chairman’s son, arrested for public intoxication, trespassing
Tyson Foods CFO John Tyson was arrested early Sunday after allegedly becoming intoxicated and falling asleep in the wrong house. [...]
Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter
Jim "Mattress Mack" McIngvale placed $10 million on his beloved Houston Astros to win this year's World Series, across several wagers. [...]
3 takeaways from our daily meeting: Industrials strong, potential midterm winners, Apple warning
Takeaways from the CNBC Investing Club's "Morning Meeting" on Monday, as Jim Cramer discusses the latest market moves and his thoughts on the midterm [...]
Sweetgreen is launching its first national dessert — a ‘healthy’ take on the Rice Krispies Treat
Sweetgreen worked with pastry chef Malcolm Livingston II to create the Crispy Rice Treat. [...]
Wells Fargo downgrades Costco, says shares are too expensive given the ‘hurdles’ ahead
Costco's stock is too expensive given the headwinds the company faces in the month ahead, according to Wells Fargo. [...]
Why hearing aids are so expensive
The global hearing aid market was valued at over $10 billion in 2021. Critics say the five largest manufacturers, who control 90% of the market, keep [...]
New hope China may soften on Covid boosts our stocks most tied to world’s No. 2 economy
As always, we take speculation out of China with a grain of salt, but we're encouraged by news surrounding BioNTech's mRNA Covid vaccine there. [...]
Carvana stock on pace for worst day ever as outlook darkens for used vehicle market
Shares of Carvana were on pace for their worst day on record Friday after the company missed Wall Street's top- and bottom-line expectations for the t [...]