A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported first fiscal-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump. The company said revenue climbed slightly,…
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 6, 2026. Patrick T. Fallon | AFP | Getty Images Energy inflation tied to the war in Iran has lasted longer than expected, creating a “stagflationary…
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Thursday that bringing down inflation in the U.S. remains his top priority, warning…
The so-called “K-shaped economy” is now linked to “a remarkable increase in food insecurity,” according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this…
Boeing CEO Kelly Ortberg said Wednesday that the company has met requirements set by the Federal Aviation Administration to increase its production of 737 Max aircraft to 47 jets per month. The company is currently rolling out aircraft at a rate of 42 per month, Ortberg said at a Bernstein conference. “We’ve passed the capstone…
Abercrombie & Fitch posted mixed first-quarter results on Wednesday and weaker-than-expected guidance after the conflict in the Middle East “directly impacted” sales, the company said. Despite those challenges, shares jumped about 13% in morning trading as the company easily topped Wall Street’s earnings estimates. Sales in Abercrombie’s Europe, Middle East and Africa region fell 10%…
Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025. Chandan Khanna | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank could spend up to $20 billion on an acquisition in the coming years. A deal that…
Employment has been rising over the past few years for a growing group of Americans: people with disabilities. Yet millions of workers are leaving money on the table, experts say, because they are unaware of a key financial resource designed for people with disabilities, known as Achieving a Better Life Experience, or ABLE, accounts. These…
A construction worker works at a new house being built in Alhambra, California, on March 19, 2026. Frederic J. Brown | Afp | Getty Images Homeowners insurance costs have been rising fast in the U.S. — and policyholders are taking notice. About 71% of homeowners said the cost of their homeowners insurance has increased over…
People walk past a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Lululemon is ending its feud with founder Chip Wilson. The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest…