Strauss/curtis | The Image Bank | Getty ImagesA 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. While many institutional investors are trimming their alternative...
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020.Valentyn Ogirenko | ReutersNike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday.The Beaverton, Oregon-based sneaker...
Check out the companies making headlines in premarket trading. Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5...
Customers shop at a Costco Wholesale store on December 15, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesWholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday.The producer price index, a measure of prices received...
A general view of a kiosk near Charing Cross station in London, England, on January 20, 2024. (Photo by Alberto Pezzali/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesLONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and suggest...
Illustration by Christina LocopoRetail has seen unprecedented upheaval over the last several years.Some of the industry's key decision-makers expect even more evolution ahead.Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations...
The exterior of Starbucks' new Union Market locationSource: StarbucksStarbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans.The coffee giant opened the first location with the new design on Friday in Washington, D.C.'s Union Market."Designing for disabilities is just...
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024.Fabrice Coffrini | Afp | Getty ImagesInsurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive...
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S. premarket trading after the company reported its first profit in two years.Coinbase,...