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  • [ February 8, 2023 ] Affirm cuts 19% of workforce; shares tank on earnings miss Earnings
  • [ February 8, 2023 ] Disney beats expectations as streaming subscriber losses aren’t as bad as feared Earnings
  • [ February 8, 2023 ] These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1 Real Estate
  • [ February 8, 2023 ] Communities struggling with banking access give banks on wheels a spin Real Estate
  • [ February 8, 2023 ] President Biden calls on Congress to crack down on ‘junk fees’ Personal Finance
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Under Armour raises outlook as company defends high inventory level

February 8, 2023 admin 0

Hits: 7Under Armour has an inventory glut that’s up slightly from its last quarter and 50% year-over-year despite heavy discounting and promotions. Source

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Michael Kors-owner Capri shares plunge after revenue falls across the retailer’s luxury brands

February 8, 2023 admin 0

Hits: 8Revenue fell across the company’s luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China. Source

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Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy

February 7, 2023 admin 0

Hits: 22Bed Bath & Beyond has been on the verge of bankruptcy but bought some time with a public stock offering that’s expected to bring in more than $1 billion. Source

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Mediterranean restaurant chain Cava confidentially files for an IPO

February 6, 2023 admin 0

Hits: 7Cava, the Mediterranean restaurant chain modeled after Chipotle, has confidentially filed for an IPO. Source

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Amid food inflation, more shoppers turn to dollar stores for groceries

February 5, 2023 admin 0

Hits: 8Rising food costs are pushing consumers to get more creative about where they go for groceries. Source

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Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer

February 3, 2023 admin 0

Hits: 7GameStop Chairman Ryan Cohen is targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom’s board. Source

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Kohl’s names interim CEO Tom Kingsbury to the post permanently

February 2, 2023 admin 0

Hits: 7Kohl’s has locked in its interim CEO Tom Kingsbury permanently at the helm. Source

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Jim Cramer’s Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder

February 2, 2023 admin 0

Hits: 3The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. Source

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Why Amazon Marketplace didn’t survive in China

February 2, 2023 admin 0

Hits: 4Amazon entered China in 2004 by acquiring Joyo.com. Complex regulatory approval and competition from Alibaba and JD.com impeded the company’s expansion efforts. Source

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Sandwich chain Subway’s sales climb as turnaround takes hold ahead of potential sale

February 2, 2023 admin 0

Hits: 4The privately owned sandwich chain has reportedly hired advisors to explore a potential sale and is revamping restaurants. Source

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  • Affirm cuts 19% of workforce; shares tank on earnings miss
  • Disney beats expectations as streaming subscriber losses aren’t as bad as feared
  • These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1
  • Communities struggling with banking access give banks on wheels a spin
  • President Biden calls on Congress to crack down on ‘junk fees’

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    These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1

    Hits: 8 Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median [...]
  • Real Estate

    Communities struggling with banking access give banks on wheels a spin

    Hits: 8 A banking van for the Lower East Side People’s Federal Credit Union parked on the curb of West Tremont Avenue in The Bronx. Rebecca Picciotto | CNBC NEW YORK – Parked on the [...]
  • Real Estate

    London’s rental market is in crisis. Here’s why and how renters are struggling

    Hits: 4 Stories about soaring rents and the search for a new place to live taking months are all too common in London right now. The city’s rental market is in crisis, and renters are [...]
  • Real Estate

    Mortgage rates drop to the 5% range for the first time since September

    Hits: 8 Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen [...]
  • Real Estate

    Hong Kong services to rebound as China reopens, but UBP says sector is coming from ‘fragile situation’

    Hits: 6 Hong Kong’s service sector will be the part of economy that sees “the biggest rebound” as borders reopen, UBP told CNBC’s “Squawk Box Asia” on Thursday.  However, it warned that the sector is [...]
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