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FICO's new credit score model won't ding you for simply having student loans or a big mortgage
News 8 hours ago
FICO's new credit score model won't ding you for simply having student loans or a big mortgage

The complicated beauty of student debt forgiveness, according to Robert F. SmithFICO's new credit score won't ding you for student loans or...

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Online mattress retailer Casper IPO to raise $182.4 million
News 10 hours ago
Online mattress retailer Casper IPO to raise $182.4 million

Casper Sleep, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, said on Monday it aims to raise up...

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Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs
News 5 days ago
Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs

Clothing retailer Express said Wednesday it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in...

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JC Penney is closing 6 stores this year. Here's where they are
News 6 days ago
JC Penney is closing 6 stores this year. Here's where they are

J. C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC. The stores, set to close by April 24, are at:...

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JP Morgan announces new division to fund at least $100 billion in emerging market projects
News 6 days ago
JP Morgan announces new division to fund at least $100 billion in emerging market projects

J. P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging...

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US housing starts soar 16.9% in December to a 13-year high
News 1 week ago
US housing starts soar 16.9% in December to a 13-year high

U. S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on...

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Starbucks, home of the $4 latte, is moving into poor areas
News 1 week ago
Starbucks, home of the $4 latte, is moving into poor areas

Starbucks has a point to prove: There's more to the company than selling $4 lattes to rich people. The Seattle-based coffee giant that has...

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Holiday sales climb 4.1%, retail industry trade group says, on the higher end of estimates
News 1 week ago
Holiday sales climb 4.1%, retail industry trade group says, on the higher end of estimates

Holiday retail sales in 2019 grew 4.1%, amounting to $730.2 billion and coming in at the high end of a previously issued forecast, the National...

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US retail sales climb in December, and November sales were revised up
News 1 week ago
US retail sales climb in December, and November sales were revised up

U. S. retail sales rose for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor...

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WeWork's leasing activity plunged 93% in the fourth quarter after failed IPO attempt
News 1 week ago
WeWork's leasing activity plunged 93% in the fourth quarter after failed IPO attempt

After pulling its much-hyped IPO late last year and raising emergency funding from SoftBank, WeWork's leasing activity in the fourth quarter slowed...

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Target was strong where it needed strength, and that bodes well for the rest of the year
News 1 week ago
Target was strong where it needed strength, and that bodes well for the rest of the year

Target delivered a bit of a shock to Wall Street on Wednesday morning. The retailer has over the past year been considered a darling of its...

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Target shares plunge as holiday sales miss estimates on weakness in toys and electronics
News 1 week ago
Target shares plunge as holiday sales miss estimates on weakness in toys and electronics

Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its...

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Goldman Sachs, the 150-year-old investment bank, is staking its future on a mobile app
News 2 weeks ago
Goldman Sachs, the 150-year-old investment bank, is staking its future on a mobile app

When Goldman Sachs released a long-awaited app for customers of it Marcus consumer bank last week, it did so with little fanfare or hype. Unlike...

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Online mattress seller Casper Sleep files to go public
News 2 weeks ago
Online mattress seller Casper Sleep files to go public

Privately held mattress maker Casper Sleep on Friday filed the regulatory paperwork to take the company public on the New York Stock Exchange under...

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Here's where the jobs are — in one chart
News 2 weeks ago
Here's where the jobs are — in one chart

While overall employment gains were slightly disappointing in December, there were strong job increases in the retail, hospitality and leisure...

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JC Penney says holiday same-store sales fell 7.5%, reaffirms outlook for the year
News 2 weeks ago
JC Penney says holiday same-store sales fell 7.5%, reaffirms outlook for the year

J. C. Penney wasn't able to buck the trend of declining sales at U.S. department store chains this holiday season. But despite a steep sales...

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Kohl's shares tank on dismal holiday sales results, lowered outlook
News 2 weeks ago
Kohl's shares tank on dismal holiday sales results, lowered outlook

Kohl's said same-store sales during November and December fell 0.2% due to weakness in its core women's apparel business, leading it to lower the...

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Macy's is closing nearly 30 stores—here's a map where they are
News 2 weeks ago
Macy's is closing nearly 30 stores—here's a map where they are

Macy's said Wednesday it will shutter nearly 30 stores, in an effort to boost its profitability and focus on its most profitable stores. The new...

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Macy's reportedly to close 28 stores and one Bloomingdale's store
News 2 weeks ago
Macy's reportedly to close 28 stores and one Bloomingdale's store

Macy's is eyeing more store closures as part of its annual review, The Wall Street Journal reported Wednesday. The closures include 28 Macy's...

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Macy's holiday same-store sales fall 0.6%. Smaller-than-expected decline sends shares higher
News 2 weeks ago
Macy's holiday same-store sales fall 0.6%. Smaller-than-expected decline sends shares higher

Macy's holiday sales dropped, the company announced Wednesday, but not as much as analysts had anticipated, sending the department store chain's...

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Citigroup names David Chubak, 39 year old ex-McKinsey partner, as head of US retail banking
News 2 weeks ago
Citigroup names David Chubak, 39 year old ex-McKinsey partner, as head of US retail banking

Citigroup is making David Chubak its new head of U. S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely...

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California sues tech investor Vinod Khosla over beach access, reviving bitter legal battle
News 2 weeks ago
California sues tech investor Vinod Khosla over beach access, reviving bitter legal battle

The state of California on Monday reignited a prolonged legal fight with billionaire tech investor Vinod Khosla over access to a beach connected to...

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Pier 1 shares halted for news after tanking on report the retailer is prepping for bankruptcy
News 3 weeks ago
Pier 1 shares halted for news after tanking on report the retailer is prepping for bankruptcy

Pier 1 Imports on Monday said it intends to close up to 450 locations, or almost half its fleet of 942 stores, as it unexpectedly reported...

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Sales of Manhattan's priciest apartments plunge almost 40% in fourth quarter
News 3 weeks ago
Sales of Manhattan's priciest apartments plunge almost 40% in fourth quarter

Real estate sales in Manhattan have fallen eight out of the past nine quarters, according to a report from real estate brokerage firm Douglas...

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Today is 'National Returns Day' and UPS anticipates nearly 2 million unwanted gifts to ship
News 3 weeks ago
Today is 'National Returns Day' and UPS anticipates nearly 2 million unwanted gifts to ship

United Parcel Service on Thursday expects to ship 1.9 million gifts and other items back to U. S. retailers as e-commerce fuels an anticipated 26%...

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This 5-day sprint renovation turned an overgrown yard into a luxe 'glamping garden' — here are before and after pictures
News 3 weeks ago
This 5-day sprint renovation turned an overgrown yard into a luxe 'glamping garden' — here are before and after pictures

Oh, what a difference a week can make. A five-day sprint renovation project turned an overgrown, ignored back yard into a "glamping garden" for an...

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Amazon will break ground on HQ2 soon — here's what it will look like
News 3 weeks ago
Amazon will break ground on HQ2 soon — here's what it will look like

Amazon's second headquarters in northern Virginia is taking shape. Earlier this month, the company cleared the last hurdle to begin building its...

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Time is almost up for maximizing this hot new tax play
News 3 weeks ago
Time is almost up for maximizing this hot new tax play

* The Tax Cuts and Jobs Act created qualified opportunity funds: investments that direct money to low-income or distressed areas and offer...

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Walmart CEO Doug McMillon took bold stances in 2019. Next year he'll have an even bigger platform
News 4 weeks ago
Walmart CEO Doug McMillon took bold stances in 2019. Next year he'll have an even bigger platform

After two deadly shootings at Walmart stores over the summer, Walmart CEO Doug McMillon made a surprising move. The retailer on Sept. 3 said it...

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Surprise S&P 500 stocks that posted 1,000%-plus returns this decade and are not in tech
News 1 month ago
Surprise S&P 500 stocks that posted 1,000%-plus returns this decade and are not in tech

The recession-less decade led several stocks outside the tech sector to move from post-financial crisis trough to peak returns of 1,000%-plus in...

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