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Macy's holiday-quarter comparable sales beats forecasts, shares jump

Department store chain Macy's Inc on Tuesday reported quarterly comparable sales that beat Wall Street estimates with the help of a smaller-than-feared decline in holiday sales.    Macy’s shares rose 7% in pre-market trade.     Comparable sales at Macy's owned and licensed stores fell 0.7% in the fourth quarter ended Feb. 1, compared with the 0.93% drop estimated by analysts, according to IBES data from Refinitiv.    Net income attributable to the company fell to $340 mil



4 years ago

Sure, the money's great, but kids get a lot more than cash when they run a successful side hustle

From confidence to learning about taxes, marketing and bookkeeping, kids can gain much more than money when they learn to run their own successful side hustle.

4 years ago

IEA says virus-hit oil growth outlook lowest in a decade, could go lower

The International Energy Agency's (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive Director Fatih Birol said on Tuesday, adding it could be reduced further due to the impact of the coronavirus outbreak.



4 years ago

Chinese consumers snap up yoga mats, video games, condoms as coronavirus keeps them at home

As the coronavirus epidemic keeps hundreds of millions of Chinese stuck at home, they're shopping online to stave off boredom with games for Nintendo's Switch console, yoga mats, books and condoms all showing big jumps in orders.



4 years ago

Virgin Galactic is jumping again as traders look to see if quarterly report can justify the hype

Virgin Galactic's stock jumped on Tuesday as speculative trading in the space tourism company continues.

4 years ago

Sure, the money's great, but young people get a lot more than cash when they run a successful side hustle

From confidence to learning about taxes, marketing and bookkeeping, youths can gain much more than money when they learn to run their own successful side hustle.

4 years ago

Wall Street rises after Monday's sell-off

U.S. stock indexes rose on Tuesday with some help from earnings reports after the S&P 500 and the Dow Industrials logged their worst session in two years on worries over the worldwide spread of the virus helped.



4 years ago

U.S. labor board eases companies' liability for franchisee labor-law violations

A U.S. labor board on Tuesday finalized a rule that will make it more difficult to hold companies liable for unlawful labor practices by franchisees and contractors, reversing a more worker-friendly Obama-era standard criticized by business groups.



4 years ago

Financial advisors must find their 'niche' to survive over next 5 to 10 years

Developing a niche, like working with millennial clients or widows, will become more imperative if financial advisors are to compete successfully.

4 years ago

Macy’s quarterly profit, sales beat estimates on holiday lift

Department store chain Macy's Inc on Tuesday reported a small drop in sales and profit that topped analysts' expectations with the help of an uptick in holiday sales.



4 years ago

Housing market strength underpins Home Depot's holiday-quarter results

Home Depot Inc benefited from a solid U.S. housing market and higher job growth that led consumers to spend more at its stores in the holiday shopping quarter, helping the home improvement chain beat sales and profit estimates.



4 years ago

Massachusetts finalizes its own investor protection rule. Here's what it could mean for you

While the SEC is working to put a new investor protection rule in place, some complain its standards are too light. Now states are working on their own stricter standards. Last week, Massachusetts finalized its own rule. Here's what it could mean for investors.

4 years ago

American Airlines, Qatar Airways sign strategic partnership, codeshare deal

American Airlines Group Inc said Tuesday it has signed a strategic partnership deal with Qatar Airways and is reviving its codeshare agreement.



4 years ago

Cramer warns that buying any bounce after Dow's 1,000-point plunge is a 'sucker's game'

"No reason to buy anything if it's up because that's just a sucker's game," CNBC's Jim Cramer said

4 years ago

Here's how to reduce the taxes on your Social Security benefits

Many retirees may be surprised to find that their Social Security benefits may be subject to federal income taxes. But there are ways to keep the rate at which you are taxed on that income down, if you're strategic about how you take your income.

4 years ago