SoftBank loses $500 million from THG disposal
[ad_1] Japanese investor SoftBank has taken a loss of around £450 million ($509 million) after selling its stake in British e-commerce company THG. SoftBank 9984, -0.22% sold its entire interest…
Nordstrom CFO Anne Bramman to leave company
[ad_1] Nordstrom Inc. JWN, +6.13% said Chief Financial Officer Anne Bramman is leaving the company Dec. 2. Bramman has served as Nordstrom’s finance chief since June 2017. She will remain…
Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
[ad_1] Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable…
Wholesale prices rise for first time in three months and show U.S. inflation still raging
[ad_1] The numbers: U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation.…
Amazon’s second ‘Prime Day’ of 2022: When it starts, the best deals and as more consumers pull back on online shopping, here are the biggest discounts this holiday season — and exactly when to buy them
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Amazon’s second ‘Prime Day’ of 2022: When it starts, the best deals and more Here’s what you need to know about Amazon’s…
Tesco profit falls as costs increase
[ad_1] Tesco PLC TSCO, +0.81% said Wednesday that its pretax profit fell in the first half of fiscal 2023 on increased costs, and it backed its guidance for the full…
The most popular Halloween costumes for kids, pets — and adults
[ad_1] Halloween sales are expected to return to pre-pandemic levels this year, according to the National Retail Federation. And what will be behind the sales boom? None other than the…
Amazon to hold a second discount day in October to lure cost-conscious holiday shoppers
[ad_1] Amazon.com Inc. will hold a second global sales day in October to help consumers hunt for holiday bargains early, marking the first time the e-commerce giant has held two…
Amazon, Berkshire Hathaway could be among top payers of Biden’s new minimum tax
[ad_1] WASHINGTON — A handful of large companies, such as Berkshire Hathaway Inc. BRK.A, -0.22% BRK.B, -0.28% and Amazon.com Inc. AMZN, -3.01%, could bear most of the burden from a 15% corporate minimum tax President Joe…
Here’s what Costco is saying about inflation — and a membership fee increase
[ad_1] As the market obsesses about inflation and what would cause the Fed to step off the gas pedal, it’s worth considering what some companies are saying about it. The…
Stitch Fix slides after bigger-than-expected loss, weaker outlook, drop in active clients
[ad_1] Stitch Fix on Tuesday reported fiscal fourth-quarter results that missed expectations amid a decrease in customers, and forecast further sales declines in the first quarter, sending shares lower in…
Ralph Lauren looks to boost profit margins after years of restructuring
[ad_1] Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on…
Instacart plans for most of IPO shares to come from employees
[ad_1] Instacart Inc. doesn’t plan to raise much capital in its initial public offering and instead plans to have most of the listing come from the sale of employees’ shares,…
Fed to put a ‘firm foot on the brake pedal’ this week
[ad_1] The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to…
Profit and sales climb at Spanish retail giant Inditex
[ad_1] Industria de Diseno Textil SA, the owner of Zara known as Inditex, posted higher profit and sales for the first half, after positive online sales in the second quarter…
New York City considers banning sale of guinea pigs as they overwhelm shelters
[ad_1] Have guinea pigs become too popular for their own good? That’s a question worth asking in light of the fact animal shelters “have been inundated with the four-legged pets,”…