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Friday, May 10, 2019 at 04:15 PM EDT

Victoria's Secret 'Rethinking' Annual Fashion Show, Says Network TV Not 'Right Fit'

Victoria's Secret 'Rethinking' Annual Fashion Show, Says Network TV Not 'Right Fit'

Lingerie retailer Victoria's Secret is "rethinking" its annual fashion show, according to a memo sent to employees Friday by L Brands CEO Les Wexner, which was obtained by CNBC. Wexner said network television...

Friday, May 10, 2019 at 08:39 PM EDT

New China Tariffs Likely to Hit US Consumers

New China Tariffs Likely to Hit US Consumers

With the Trump administration more than doubling tariffs on billions of dollars of Chinese imports, will Americans soon see higher prices on store shelves? Yes, but it may take a few weeks. U.S. import taxes on...

Friday, May 10, 2019 at 06:08 PM EDT

Party City Closing 45 Stores This Year Amid Helium Shortage

Party City Closing 45 Stores This Year Amid Helium Shortage

Party City says it plans to close about 45 of its locations this year, roughly 5 percent of its national footprint, amid a worldwide helium shortage that it blames in part for a $30.2 million first-quarter...

Friday, May 10, 2019 at 04:00 PM EDT

Uber IPO: Ride-Hailing Company Has Rocky Wall Street Debut

Uber IPO: Ride-Hailing Company Has Rocky Wall Street Debut

Uber began picking up passengers as a newly minted public company Friday but its shares began trading about $2 below its initial public offering price of $45. Traders scratched their heads Friday, trying to...

Friday, May 10, 2019 at 06:58 AM EDT

Nike's Plan for Better-Fitting Kicks: Show Us Your Feet

Nike's Plan for Better-Fitting Kicks: Show Us Your Feet

Nike wants to meet your feet. The sneaker seller will add a foot-scanning tool on its app this summer that will measure the length, width and other dimensions of customers' feet after they point a smartphone...

Thursday, May 9, 2019 at 09:38 PM EDT

Woodstock 50 Concert Organizers Sue Investor That Backed Out

Woodstock 50 Concert Organizers Sue Investor That Backed Out

Behind the scenes, trouble began brewing between the organizers and their chief investor about six weeks ago, according to the lawsuit. It says the investor started to slow-walk payments and accused Woodstock 50...

Thursday, May 9, 2019 at 01:00 PM EDT

Bernie Sanders and Alexandria Ocasio-Cortez Will Release a Plan to Cap Credit Card Interest Rates at 15%

Bernie Sanders and Alexandria Ocasio-Cortez Will Release a Plan to Cap Credit Card Interest Rates at 15%

Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez have a new target: credit card companies. The lawmakers, who identify as democratic socialists, will unveil a plan Thursday to cap credit card interest...

Thursday, May 9, 2019 at 02:49 AM EDT

Uber, Lyft Drivers Protest in Cities Across the US, Overseas

Uber, Lyft Drivers Protest in Cities Across the US, Overseas

Some drivers for ride-hailing giants Uber and Lyft turned off their apps Wednesday to protest what they say are declining wages at a time when both companies are raking in billions of dollars from investors. D...

Tuesday, May 7, 2019 at 07:02 PM EDT

Walmart Is Opening Veterinary Clinics, Online Pet Pharmacy

Walmart Is Opening Veterinary Clinics, Online Pet Pharmacy

Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners who are spending billions of dollars each year on their dogs...

Thursday, May 9, 2019 at 09:54 AM EDT

Mexico Says Tariffs Will Send Tomato Prices Soaring

Mexico Says Tariffs Will Send Tomato Prices Soaring

Mexico's Economy Department said Tuesday that U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports. The...

 

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