Starbucks' new fall drink, the iced pumpkin cream chai latte.Source: StarbucksAs Starbucks celebrates the 20th anniversary of its pumpkin spice latte, the coffee chain is adding a third pumpkin drink to its fall menu.Starting Thursday, the iced pumpkin cream chai latte joins the company's existing pumpkin lineup, which also...
Carlos, a UPS worker in Manhattan, delivers packages on his daily rounds on July 24, 2023 in New York City.Spencer Platt | Getty ImagesUPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters...
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.Nathan Howard | Bloomberg | Getty ImagesMortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years.Total mortgage application volume fell 4.2% last week, compared with the...
A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York.Scott Mlyn | CNBCMarlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain...
Lowe's reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand.The company topped Wall Street's earnings estimates, but fell slightly short of expected sales.The home improvement retailer stuck by its full-year forecast. It anticipates total sales will...
Macy's on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations.The company's shares fell about 14% on Tuesday, as the department store operator stood by its conservative full-year guidance. It said it expects...
Dick's Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and implemented aggressive markdowns to clear out excess inventory in its outdoor category, the company announced Tuesday. For the first time in three years, Dick's...
A Dick's Sporting Goods store in Niles, Illinois, May 20, 2014.Getty ImagesCheck out the companies making headlines in midday trading.Dick's Sporting Goods — The retail stock tumbled 24.1% after Dick's reported a rare earnings miss and slashed guidance for the year, due in part to an uptick in store...
A Dick’s Sporting Goods store stands in Staten Island in New York City, March 9, 2022.Spencer Platt | Getty ImagesCheck out the companies making headlines before the bell:Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts' estimates. The advanced manufacturing services company posted non-GAAP...
A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...