Stay updated with breaking news from Katrina Compoli. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom that drove growth at Home Depot Inc. and Lowe's Cos. over the pandemic period.
A basket of such companies — including the Oreo cookies maker and Modelo beer producer — is down nearly 9% since early August.
(Bloomberg) -- Nike Inc. faces a risk from slower spending by US consumers saddled with student loan debt, in addition to ongoing headwinds in China, according to Jefferies analysts.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up CallCostco Offers Members $29 Online Health Care VisitsChinese Gold Buying Is Driving a Paradigm Shift in BullionPo
Planet Fitness sank after the company announced the immediate departure of Chief Executive Officer Chris Rondeau, who's held the position for more than a decade.
As of last month, about 30% of U.S. shoppers were buying whatever brand was on promotion.