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Retail
Nvidia swipes the crown from Microsoft — plus, the fuel for Best Buy’s
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Nvidia takes the lead: Stocks are mostly higher Tuesday, but the…
Golden Goose postpones Milan IPO citing political turmoil in Europe
An employee adjusts a sneaker display inside a Golden Goose SpA store in the Mayfair district of London, UK, on Monday, Dec. 4, 2023. Roughly a dozen banks competed for roles on a potential initial public offering in Milan of Golden…
Buy Best Buy stock for an AI device upgrade boost and more
Another Wall Street firm has turned positive on Best Buy — making the case that an artificial intelligence-fueled upgrade cycle for PCs is hardly the only reason that investors should purchase the stock. UBS on Monday boosted Best Buy to…
Jim Cramer is still skeptical of Starbucks despite a Goldman Sachs buy call
A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage…
Why Chinese EV tariffs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar.In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles…
Five Below has had a rough year so far. Here’s why
Since going public in 2012, discount retailer Five Below has grown its nationwide store count from less than 250 locations to more than 1,600. "It's been one of the success stories of U.S. retail over the past five or so years," said…
Tyson Foods suspends CFO John R. Tyson after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.Leigh Vogel | Getty ImagesTyson Foods said on Thursday it has suspended its…
Jake Paul launching men’s skin care line at Walmart
Jake Paul is launching a personal care brand geared toward men.Courtesy: WJake Paul is entering a new arena: skin care.The YouTube influencer-turned-boxer announced on Wednesday the launch of "W," a skin-care company targeted toward…
Sotheby’s, Fanatics team up to offer rare sports trading card auctions
A 1948 Leaf #79 Jackie Robinson card, which is the only true rookie card of the sports icon.FanaticsFanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with…
The low-end consumer ‘is really being stretched,’ says Five Below CEO
A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018.Daniel Acker | Bloomberg | Getty ImagesWhile inflation is showing signs of easing, consumers in the country may still be…