Ahead of the holiday season, when more people congregate indoors and the virus usually spreads at higher levels, the Biden administration announced on Monday that it is providing another round of free at-home Covid tests to American households. US citizens can request four free COVID tests per household starting on Monday by visiting COVIDtests.gov. As […]
U.S. to provide more free at-home Covid tests from Monday. Read More »
On Monday, South Korean media reported that girl group Black pink had agreed to continue group activities under the label, which caused shares of K-pop agency YG Entertainment to rise by more than 3%. Individual members of the group have decided not to renew their exclusive contracts with YG, but they have decided to carry
YG Entertainment shares rise by 3% as Black pink reportedly commits to staying together. Read More »
In line with other retailers, Nordstrom reported on Tuesday that sales had decreased by almost 7% year over year due to consumers’ tighter budgets and decreased demand. However, the operator of department stores restated its forecast for total sales for the year, stating that it anticipates a 4%–6% decrease in revenue from retail sales and
This week, Disney is aiming for the stars, hoping that the Thanksgiving box office will soar and its centennial celebration film “Wish” will signal a turning point for the company’s struggling animation division. Even after loosened Covid restrictions encouraged moviegoers to return to theaters in 2019, The House of Mouse experienced its greatest year ever
There are indications that people aren’t in the festive, high-spending mood ahead of Black Friday, which is just over a week away. According to the Commerce Department’s report on Wednesday, U.S. retailers’ sales decreased by 0.1% in October compared to September. According to the agency, clothing sales were flat from the previous month while department
Holiday shopping season is kicking off slowly. Read More »
Siemens exceeded expectations on Thursday by reporting a 10% increase in revenue growth for its fiscal fourth quarter, reaching a record high of 21.4 billion euros ($23.2 billion). However, the company anticipates a slowdown in 2024. Due primarily to a muted outlook for its industrial automation division, the German industrial conglomerate projects sales growth of
Homebuilders across the country are still burdened by high mortgage rates, which has forced them to lower prices in an effort to entice buyers. Nonetheless, given recent indications that interest rates might drop soon, builders are cautiously optimistic. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), homebuilder sentiment dropped six
Homebuilder sentiment hits one-year low, yet optimism grows with declining rates. Read More »
Although Gap reported a better-than-expected third quarter on Thursday, the clothing company continues to seem cautious in the run-up to the holidays as it attempts to turn around slowdowns at Athleta and Banana Republic. The company, which also owns Old Navy and the namesake brand, greatly outperformed Wall Street forecasts for profits and same-store sales.
“Snow settles on top.” Lionsgate, the film’s distributor, and Coriolanus Snow, the protagonist of the upcoming “Hunger Games: The Ballad of Songbirds and Snakes,” both live by this motto. Based on author Suzanne Collins’ 2020 novel of the same name, the $3 billion prequel to the Hunger Games franchise is a stand-alone movie that takes
“Hunger Games prequel set for a $50M opening weekend.” Read More »
This holiday season, shoppers might receive an early gift: declining costs in a lot of gift-giving categories. Doug McMillon, the CEO of Walmart, stated on Thursday that deflation may be on the way as prices decline for essential grocery items like eggs, chicken, and seafood as well as general merchandise. According to him, the store
Walmart CEO warns of possible holiday season deflation. Read More »
