Macy’s on Wednesday gave a cautious outlook for the year ahead, despite beating Wall Street’s quarterly sales and profit expectations as its namesake brand showed signs of progress. For the fiscal year, the company – which includes its namesake chain, higher-end department store Bloomingdale’s and beauty retailer Bluemercury – said it expects sales of between…
Lululemon offered a weak 2026 outlook on Tuesday as tariffs, higher expenses and a dramatic proxy battle with its founder weigh on its bottom line. The athleisure company’s guidance for both the current quarter and the fiscal year came in lower than expected on the top and bottom lines. Lululemon is expecting first quarter sales…
The Kalshi market “Will Iran effectively close the Strait of Hormuz for 7+ days?” appears on a smartphone screen, with the Kalshi logo displayed on a laptop computer screen in the background, in this photo illustration taken in Chania, Greece, March 9, 2026. Nikolas Kokovlis | Nurphoto | Getty Images Arizona’s attorney general has filed…
A sign displays the prices of unleaded gasoline at a Chevron gas station in Palo Alto, California, US, on Tuesday, March 10, 2026. David Paul Morris | Bloomberg | Getty Images The war in Iran — and the accompanying spike in oil and gasoline prices — risks exacerbating the so-called K-shaped economy, economists said. The…
The Nissan Murano is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Nissan Motor plans to join fellow Japanese automakers Toyota Motor and Honda Motor in exporting U.S.-produced vehicles to Japan following changes to the country’s vehicle import rules reached through a trade deal last…
President Donald Trump signs executive orders relating to higher education institutions, alongside Secretary of Education Linda McMahon, right, in the Oval Office of the White House in Washington, April 23, 2025. Saul Loeb | Afp | Getty Images More than half a million federal student loan borrowers remain in a backlog of applications to access…
New economic risks have some experts warning about stagflation — a combination of low economic growth and high inflation. Persistent inflation above the Fed’s target and the job market slowdown had already prompted worries. Then surging oil prices due to the war in Iran have drawn comparisons to the oil supply shocks that led to…
Key Points Nationwide, 16.6% of stabilized apartments offered concessions in January, according to RealPage Market Analytics. That’s an increase from December as high supply and weakening renter demand dent the multifamily market. The average January discount was 10.7%, or roughly five weeks of free rent. A version of this article first appeared in the CNBC…
Delta Air Lines said Tuesday that the company was maintaining its profit guidance for the first quarter and raising revenue expectations, despite airlines dealing with higher jet fuel prices since the war in Iran started. CEO Ed Bastian told CNBC’s Phil LeBeau that Delta had taken a $400 million hit so far for the fourth…
Nvidia CEO Jensen Hwang gives the keynote address at the company’s annual GTC developers conference at the SAP Center in San Jose, California, on March 16, 2026. Josh Edelson | Afp | Getty Images Nvidia is expanding deals for its autonomous vehicle development business to Hyundai Motor, Nissan Motor and Isuzu, as well as Chinese…