Children pose for pictures with Santa Claus at a shopping mall in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Retailers could be in for a jolly jump in sales this holiday season, despite headwinds like the U.S.-China trade war and the threat of another economic slowdown. Holiday retail sales for 2019 are forecast
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Source: Walmart Walmart said Monday it’s relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website and in select stores. Scoop shuttered all 16 of its stores in New York City three years ago, having gained famed with its chunky black-and-white logo appearing across episodes of “Sex and the City” and on
In this Sunday, Sept. 15, 2019, photo released by Saudi Press Agency, SPA, Saudi Energy Minister Prince Abdulaziz bin Salman, center, visits the Saudi Aramco plants one day after the attacks in Abqaiq, Saudi Arabia. Saudi Press Agency | AP An extended Saudi oil outage could push Brent crude prices north of $75 per barrel
Smoke billows from an Aramco oil facility in Abqaiq after drone attacks sparked fires at two Saudi Aramco oil facilities. AFP | Getty Images The attacks on critical oil production facilities in Saudi Arabia over the weekend will “effectively” wipe out the world’s spare oil capacity, an expert from S&P Global Platts said on Monday. Drone strikes attacked
New York Governor Andrew Cuomo. Drew Angerer | Getty Images New York Gov. Andrew Cuomo on Sunday announced an emergency executive action ban on the sale of flavored electronic cigarettes in the state, amid a surge of vaping-related illnesses and deaths across the country. “Vaping is dangerous. Period,” the governor said. “No one can sit
On their first trading day in May 2019, shares of Beyond Meat soared 163%. It was the best performance for an IPO in nearly two decades. At one point in 2019, Beyond Meat was bigger than 25% of companies in the S&P 500. Beyond Meat shares rode a perfect storm. Beyond Meat was the first
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Based on the terrible public market performance of
This past week, the Recording Industry Association of America (RIAA) released its mid-year report. It showed that 80% of the of music industry’s revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year’s end, should current trends continue.
The timeline for a potential trade deal between Washington and Beijing remains unclear, so CNBC’s Jim Cramer decided to take another look at stocks with high exposure to China before earnings season approaches. “Let’s play a little game, I call it hostage versus non-hostage,” the host of “Mad Money” said Friday. “As in, which companies
SmileDirectClub‘s rocky initial public offering can be attributed to an aggressive asking price, CNBC’s Jim Cramer said Friday. But the “Mad Money” host admits he is unsure of what price he would pay for the upstart orthodontics company’s stock. “I don’t know what the right price is for SDC, but I do know I wouldn’t