<b>Ferrari CEO Benedetto Vigna says a third of new buyers are under 40</b>
Ferrari CEO Benedetto Vigna says a third of new buyers are under 40
Yet because the famous prancing-horse brand is built on scarcity — and owners who rely on limited production to maintain their cars' value — Ferrari is also expected to keep a tight rein on production. , Ferrari produced 13,221 vehicles...
2023-08-24 16:04:38
<b>Recalled products still for sale on Facebook Marketplace: lawmakers</b>
Recalled products still for sale on Facebook Marketplace: lawmakers
In this article Recalled baby products linked to are still widely sold on Facebook Marketplace despite thousands of requests from federal regulators to take down the items, four members of Congress said. In a letter sent Friday to CEO Mark...
2023-08-24 16:04:33
<b>Lowe's (LOW) earnings Q2 2023</b>
Lowe's (LOW) earnings Q2 2023
reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand. The company topped Wall Street's earnings estimates, but fell slightly short of e...
2023-08-24 16:04:27
<b>Covid: Novavax says vaccine effective against Eris variant</b>
Covid: Novavax says vaccine effective against Eris variant
Shares of Novavax jumped more than 13% on Tuesday after the biotech company said its new generated a against the now-dominant and another of the virus in small animal trials. The updated shot is designed to target omicron subvariant , which...
2023-08-24 16:04:22
<b>Macy's earnings: Macy's to open more smaller strip mall stores</b>
Macy's earnings: Macy's to open more smaller strip mall stores
said Tuesday it will open four more stores that look a lot different than its typical giant mall anchors as it tries to refresh a brand that has lost luster with many shoppers. thinks . The new shops will open in the fall in Boston, Las Veg...
2023-08-24 16:04:17
<b>Dick's Sporting Goods (DKS) earnings Q2 2023</b>
Dick's Sporting Goods (DKS) earnings Q2 2023
The reference to shrink is the first that Dick's has made in an earnings call or press release in nearly 20 years, according to FactSet. that reported earnings last quarter, the reference comes at a time that Dick's from numerous sources, i...
2023-08-24 16:04:11
<b>Home sales drop again in July, as supply drops again</b>
Home sales drop again in July, as supply drops again
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes...
2023-08-24 16:04:05
<b>AMC shares crater as investors brace for stock conversion</b>
AMC shares crater as investors brace for stock conversion
shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week. On Friday, the movie theater chain's preferred equity units, dubbed APE shares, are set...
2023-08-24 16:03:59
<b>Altria Group sues Juul over e-vapor patent infringement </b>
Altria Group sues Juul over e-vapor patent infringement
Marlboro maker said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain e-vapor products. In a complaint filed with the U.S. International Trad...
2023-08-24 16:03:53
<b>UPS workers approve new labor contract with big raises</b>
UPS workers approve new labor contract with big raises
workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters The deal passed with 86.3% of votes, the highest contract vote i...
2023-08-24 16:03:48
<b>Mortgage demand from homebuyers drops to a 28-year low as interest rates soar</b>
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according to...
2023-08-24 16:03:42
<b>Abercrombie & Fitch (ANF) earnings Q2 2023</b>
Abercrombie & Fitch (ANF) earnings Q2 2023
Shares of soared Wednesday, after the retailer crushed Wall Street's quarterly earnings and sales expectations and raised its forecast for the year. On a call with investors, CEO Fran Horowitz said the retailer's performance is the "culmina...
2023-08-24 16:03:37
<b>Starbucks iced pumpkin cream chai latte added to fall menu</b>
Starbucks iced pumpkin cream chai latte added to fall menu
As Starbucks celebrates the 20th anniversary of its pumpkin spice latte, the coffee chain is adding a third pumpkin drink to its fall menu. Starting Thursday, the iced pumpkin cream chai latte joins the company's existing pumpkin lineup, wh...
2023-08-24 16:03:31
<b>Peloton (PTON) earnings Q4 2023</b>
Peloton (PTON) earnings Q4 2023
on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its and seasonality, sending shares plunging about 22%. The company fell short of analysts' earnings estimates but beat sales expecta...
2023-08-24 16:03:26
<b>India Chandrayaan-3 lunar mission lands on moon's south pole</b>
India Chandrayaan-3 lunar mission lands on moon's south pole
The lunar south pole has emerged as a place of exploration interest thanks to recent discoveries of India previously attempted a lunar south pole landing in September 2019, but a software failure caused the Chandrayaan-2 mission to crash in...
2023-08-24 16:03:20