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Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix…
Trump’s tariffs could quickly cut North American auto production by a third
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT —…
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersThe Consumer Financial…
Target warns February sales were soft, adding to concerns about consumer health
Target on Tuesday warned that it expects a "meaningful" drop in first-quarter profit compared to the year-ago period as it contends with "ongoing consumer uncertainty," soft sales in February and concerns around tariffs. The first three…
Meet the investor behind billionaire Melinda French Gates’ bets on women-led funds and
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Melinda French Gates…
Why foreign retailers like Primark and Mango are expanding across the U.S.
ELMHURST, NY — One of the newest additions to Queens Center is a store that many local mallgoers may not recognize.Along with well-known mall staples like Macy's, American Eagle and Bath & Body Works, the shopping center is now home…
Trump’s proposed ‘gold card’ visa comes with a hidden tax break for the wealthy
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.President Donald…
Oscars 2025 live updates: ‘Wicked’ scores its first win after Ariana Grande and Cynthia
An imitation of an Oscar statuette sits outside of a souvenir shop on Hollywood Boulevard as preparations continue for the 97th Academy Awards in Los Angeles, California, U.S. February 27, 2025. Daniel Cole | ReutersThe 97th Academy…
First-class seats are getting so fancy they’re holding up new airplanes
A Lufthansa First Class "Allegris" cabin, which was set up outside the show. Peter Kneffel | Picture Alliance | Getty ImagesHeated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of…
Paramount ends DEI policies, cites Trump executive order
The Paramount Global headquarters in New York on Aug. 27, 2024.Yuki Iwamura | Bloomberg | Getty ImagesParamount Global told its employees this week that it's ending numerous diversity, equity and inclusion policies, according to a memo…