Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes are sitting at a 30-year low, and didn't move much in May as prices hit a new record and mortgage rates remain high.So-called existing...
A Forever 21 store is pictured in London on Sept. 30, 2019.Alberto Pezzali | NurPhoto | Getty ImagesForever 21 is asking landlords for a break on rent as the legacy fast-fashion player's sales decline and it struggles to keep up with savvier competitors, CNBC has learned.The retailer, which has...
The Shein logo can be seen on a smartphone, while the Chinese online retailer's website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty ImagesChina-founded e-commerce company Shein's hopes of going public in the United States are growing slimmer by the day, according to experts, as rising...
Check out the companies making headlines before the bell. Nvidia — Shares dipped 2%, adding to losses from Thursday, when Nvidia closed down 3.5%. The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Sarepta Therapeutics — The biopharma stock soared...
Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky.Luke Sharrett | Bloomberg | Getty ImagesCarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.Pre-owned vehicle retailers have had a bumpy ride with profitability worsening...
It was another solid quarter for our stocks. Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. There were plenty of drivers of that success, but the strong consumer was one key catalyst. Another was...