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The retailer posted strong sales and higher profit in its latest quarter, and the latest government readout on U.S. retail spending showed the strongest gain since January 2023.

Equipment maker reveals deep cuts to production, payrolls to avoid prolonged pain from market slump.

On a year-on-year basis, however, the country’s GDP fell for a second straight quarter, down 0.8% after having declined 0.9% in the first quarter.

Other data for July released in the last two weeks have indicated consumer demand remains sluggish.

Elliott’s biggest win this year may be at Starbucks, beginning with private discussions and ending with a CEO change that investors and activists cheered.

Traders in Asia will assess a slew of economic data from the region on Thursday, including from Japan, China and Australia.

Starbucks plans to pay incoming CEO Brian Niccol $10 million in cash and $75 million in equity awards when he joins the company from Chipotle.

UK bank praised by Israeli government officials after backtracking

Teacher wages aren’t rising enough to match the housing affordability crisis.

“I did listen to the climate part and yeah, I do think it was dumb,” Khosla wrote on X.