Business

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19 cases sent the retailer’s shares down Tuesday, despite it reporting an earnings beat, as investors
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David McInerney, CEO, FreshDirect Source: CNBC FreshDirect customers have nothing to fear after the company was bought by the Dutch owner of Stop & Shop and Food Lion, the grocery delivery service’s CEO said Tuesday. Ahold Delhaize and Centerbridge Partners, a private equity firm, announced Wednesday that they would be buying FreshDirect. Financial terms of
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A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of positive vaccine announcements. Shares of
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When bearish investors and short-sellers complain that the Federal Reserve has rigged the market to go higher, “tune them out,” CNBC’s Jim Cramer said Monday. “These people come out of the woodwork every time the Fed cuts interest rates,” the “Mad Money” host said. “I’ve been hearing this same nonsense … since 1981” and “it’s
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Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019. Mark Ralston | AFP | Getty Images Southwest Airlines‘ pilots filed a suit against Boeing on Monday, saying the aircraft manufacturer misled the airline’s labor union about the
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China’s largest online shopping sites owned by giants Alibaba and JD.com appear to have removed items related to the Houston Rockets after the NBA team’s general manager tweeted support for the Hong Kong anti-government protestors which drew strong criticism in the world’s second-largest economy. Searches in Chinese for “Houston Rockets” and “Rockets” on Alibaba-owned Taobao
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Workers sewing in a clothing factory in Bozhou, east China’s Anhui province. STR | AFP | Getty Images China’s manufacturing activity contracted in July, according to results of a private survey released on Thursday. The Caixin/Markit factory Purchasing Managers’ Index for was 49.9 — slightly better than expected. Analysts polled by Reuters had expected the indicator
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[embedded content] Federal Aviation Administration officials are set to testify in front of a Senate panel about how the agency approved the Boeing 737 Max, the plane that has been grounded worldwide since mid-March after two fatal crashes. The agency has been under increased scrutiny from lawmakers after the two deadly crashes — one in
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Simone Marchetti wears Apple AirPods during Milan Fashion Week in Milan, Italy. Melodie Jeng | Getty Images Apple is often referred to as the “iPhone company,” because that’s the product that’s driven the majority of Apple’s sales for years. Since 2012, the iPhone has accounted for over half of Apple’s revenue for every single quarter.
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A new walkway runs between Buildings 40 and 41 at Microsoft’s campus in Redmond, Washington. Microsoft For Microsoft to maintain its trillion-dollar valuation, keeping employees happy is crucial. That’s especially true around Seattle, home to Amazon, big Google and Apple operations and a burgeoning start-up scene. With talent in such high demand, Microsoft is in
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