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Investing

Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working

Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a…
Investing

Rare Michael Jordan, Kobe Bryant rookie jerseys expected to sell for $20 million at auction

Rare pieces of memorabilia from two of the National Basketball Association’s biggest icons are hitting the auction block and are expected to…
Investing

Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would…
Investing

How a $5 million fix turned Paramount Pictures’ ‘Sonic’ into a billion-dollar franchise

Sonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a…
Investing

Domino’s Pizza finally launches stuffed crust to keep customers away from rivals

Domino’s Pizza is finally releasing its own version of stuffed crust on Monday, aiming to win over the customers who are willing to…
Investing

Starbucks poaches Nordstrom CFO as executive shake-up continues

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri. The executive…
Investing

Treasury ends enforcement of business ownership database meant to stop shell company formation

The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday…
Investing

Kroger chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain,…
Investing

DOGE plans to wind down consumer protection agency and fire nearly all staff, employees say

The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony…
Investing

Treasury Dept. will not enforce ownership information reporting for millions of businesses

The U.S. Department of the Treasury on Sunday announced it won’t enforce the penalties or fines associated with the Biden-era “beneficial ownership information,” or…
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