Shares of Nike plunged Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected 10% first-quarter slump is far below the 3.2% drop that analysts had expected, according to LSEG. The sneaker giant now expects ...
BROWNSVILLE, Texas — The United States is producing less than 1% of the wind power it wants to generate by 2030. But an enormous boat promising to change that is about 89% built, and when it’s done next year, the real race to catch up begins. The ship, named the Charybdis after a mythological Greek sea monster, won’t set sail ...
The first presidential debate of the 2024 campaign cycle drew about 51.3 million people, according to the media analytics company Nielsen, a sharp drop from previous debates and the smallest audience since a 2004 debate between John Kerry and President George W. Bush. Nielsen’s audience estimate came in slightly above host CNN’s figure. The cable news company said Friday that ...
Disney and Pixar’s “Inside Out 2” is the newest member of the billion-dollar club. The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ “Barbie” to top $1 billion at the global box office. “On behalf of movie theatre owners across the country and around the world, we want to ...
CNN said Friday that 47.9 million people watched the presidential debate between Joe Biden and Donald Trump across broadcast and cable TV as well as streaming. While still a sizable TV audience, it represents an approximately 34% drop in viewership from the first Biden-Trump debate in 2020, which drew 73 million viewers. Still, the debate was the highest-rated program in ...
In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic. Western wear is booming as consumers opt for top-to-bottom denim looks, the iconic, 171-year-old clothing maker said on Wednesday. As the style wins cultural favor, its popularity is juicing denim niches — like ...
Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company’s market cap past $2 trillion for the first time. In crossing the milestone, Amazon join Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2 trillion or more. Investors have piled into tech stocks recently as excitement around generative artificial intelligence has reached a fever pitch. ...
Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it will cost even more thanks to “funflation,” a term economists use to explain the increasing price tags of live events as consumers hanker for the experiences they lost during the Covid years. “It’s hard to overstate the impact of ...
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage point from the April level, ...
If you were looking for a sign of weakness in the U.S. economy, you’re not going to find it at the airport. The Transportation Security Administration reported this week that it screened a record 2.99 million passengers on Sunday — a new high that may not last long. This post appeared first on NBC NEWS ...