Tag: Breaking News: Business

Nokia brand owner launches Barbie phone for $130 — with no internet

The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise.HMDHMD, the company behind Nokia-branded phones, launched a...

Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett's Berkshire Hathaway reached...

Why the value meal is making a comeback

With fast-food customers revolting over higher prices, chains like McDonald's, Burger King and Wendy's are bringing back the value meal.Nearly 80% of Americans...

Abercrombie & Fitch posts 21% sales gain, hikes outlook despite ‘increasingly uncertain environment’

An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings...

Foot Locker posts comparable sales growth for the first time in six quarters

Is this the beginning of Foot Locker's comeback story?The beleaguered sneaker company on Wednesday said comparable sales grew for the first time in...

Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets

Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy...

JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng

JD.com set up an Innovative Retail division that houses its grocery business 7Fresh.Bloomberg | Bloomberg | Getty ImagesHong Kong-listed shares of Chinese online...

Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesNordstrom on Tuesday posted...

NFL wants a cut of private equity investment profits

Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during...

Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesThree of the nation's largest retailers — Dollar...