Latest Financial performance News
As Art Basel opens, buyers confront a 'cooling' but still very active market
BASEL, Switzerland (AP) — Multimillion-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market this week as the Art Basel fair opened in Switzerland. Thousands flooded the exhibition center for VIP previews before doors open to public Thursday....
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
NEW YORK (AP) — The earnings results from Best Buy and Kohl's, announced Thursday, offer the latest evidence of consumers' cautious spending amid a challenging economic environment. Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
Why I love my CSA (it's more than the weekly box of fresh produce)
I might never have fallen in love with kohlrabi had I not joined a CSA. Signing up for a Community-Supported Agriculture program means getting a box of produce from local farms every week or two. It's a way to take advantage of summer's bounty, discover new fruits and vegetables, and...
U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
WASHINGTON (AP) — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association...
Atlantic City casino profits declined by nearly 10% in first quarter of 2024
ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their collective profits decline by nearly 10% in the first quarter of this year, and only two of the nine casinos were more profitable than they were a year ago, figures released Wednesday by state gambling regulators show. ...
Macy's tops expectations for the first quarter as luxury and beauty sales shine
NEW YORK (AP) — Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Yet the quarterly results Tuesday beat Wall Street expectations. And Macy's, which also operates upscale Bloomingdale's and...
Trump Media and Technology Group posts more than $300 million net loss in first public quarter
SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump's social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that...
Retail sales were unchanged in April from March as inflation and interest rates curb spending
NEW YORK (AP) — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists' expectations, and follow a revised 0.6%...
Japan's SoftBank Group trims investment losses but remains in red for fiscal year
TOKYO (AP) — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. Annual sales at Tokyo-based SoftBank Group Corp. rose...
Japanese game maker Sega Sammy sells resort to US fund
TOKYO (AP) — Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday. Tokyo-based Sega Sammy Holdings, the company behind the “Sonic the Hedgehog” video games, said it will sell all its shares in...
