Constellation Brands, the company behind popular beer brands Modelo and Corona, saw its stock drop 3.5% on Tuesday following announcements of proposed tariffs by former President Donald Trump. If implemented, the 25% tariff on Mexican imports could significantly impact the company, which…
Nordstrom has surprised Wall Street by beating quarterly sales expectations, reporting a 4% revenue growth year over year. Shoppers flocked to its department stores and Nordstrom Rack for clothing, shoes, and activewear, propelling the Seattle-based retailer’s performance despite broader discretionary and luxury…
After over 24 hours of service interruptions, Microsoft has restored its widely used Outlook and Teams platforms, bringing relief to users across the globe. The outage, which began on Sunday, left many professionals and businesses grappling with disrupted communication and collaboration. While…
Abercrombie & Fitch is keeping its stride as a top performer in the retail industry. The company released optimistic holiday sales projections after reporting its sixth consecutive quarter of double-digit growth. Despite challenges, including the arrest of former CEO Mike Jeffries, Abercrombie’s…
China’s richest man, Zhong Shanshan, founder of the beverage giant Nongfu Springs, has issued a rare and pointed critique of online shopping platforms and government inaction as the country grapples with economic difficulties. His remarks, which have been partially censored by state…
Retailers across the U.S. are making headlines for significantly increasing the interest rates on their store-branded credit cards. From September 2023 to September 2024, over 50 major companies—including Big Lots, Gap, and Petco—raised Annual Percentage Rates (APRs) to record highs, some nearing…
U.S. regulators are intensifying efforts to curtail Google’s dominance in the technology sector. The Department of Justice (DOJ) has proposed significant penalties, including the sale of Google’s Chrome web browser, as part of an antitrust initiative aimed at fostering fair competition in…
Target’s latest quarterly performance has taken a significant hit, with shares tumbling 20% following a disappointing earnings report and revised profit guidance. Despite its strategic price cuts and early holiday sales, the retail giant struggled to meet Wall Street expectations, raising concerns…
Donald Trump’s potential return to the White House brings a renewed focus on artificial intelligence (AI), one of the most transformative technologies of our time. His administration is expected to prioritize AI development while slashing regulations perceived to hinder innovation. Central to…
Meta Platforms, the parent company of Facebook, has been fined €798 million ($840 million) by the European Union for engaging in antitrust violations tied to its Facebook Marketplace service. The European Commission, the EU’s executive body, determined that Meta abused its market…