Month: August 2022

In this article M Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off
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Take a look at some of the biggest movers in the premarket: Zoom Video Communications (ZM) – Zoom tumbled 11.5% in the premarket after the videoconferencing company cut its full-year forecast. Zoom reported better-than-expected earnings for its latest quarter, but revenue fell short of forecasts. Zoom’s CFO said the company is having some difficulty attracting
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Porquenostudios | Istock | Getty Images The White House is considering a plan to forgive $10,000 in student debt for borrowers who make less than $125,000, according to reporting by CNN. The Biden administration has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are scheduled
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The Good Brigade | Digitalvision | Getty Images Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June,
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Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC The small, money-losing New Jersey deli that was once the sole asset of a publicly traded company with a bizarre market capitalization of $100 million has been sold and closed, according to a regulatory filing. Your Hometown Deli in Paulsboro, New Jersey, had been “temporarily closed” on
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The Deep Dive Dubai pool has been verified by Guinness World Records as the world’s deepest swimming pool Deep Dive Dubai DUBAI, United Arab Emirates — Aside from the year-round sun and a mammoth well-serviced international airport, Dubai keeps drawing in hordes of overseas visitors due to an unmatched flair for publicity bolstered by a
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