Nike expects more sales declines as it attempts a comeback
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…
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Presidential debate drew 51.3 million viewers, down from recent events
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…
‘Inside Out 2’ tops $1 billion at the global box office, first film to do so since ‘Barbie’
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…
A key to Biden’s lagging wind energy goal will set sail after the election
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…
CNN says 47.9 million people watched the presidential debate across all networks
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…
Western craze boosts sales of Levi denim dresses and skirts
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…
TSA airport screenings hit an all-time high
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…
Walgreens plans store closures as CEO says consumers are ‘stunned’ by prices
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain announced quarterly earnings Thursday morning…
Warren Buffett gives away another $5.3 billion, says his children will manage estate
Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674…
Key fed inflation gauge cools to its slowest rate in over three years
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…