Retailers Macy’s, Nordstrom and Gap report third quarter earnings on Thursday, continuing a volatile week for retail earnings. Credit Suisse is expecting Macy’s to report a loss of 1 cent, with same-store sales slowing 1.5%. Nordstrom will earn 62 cents per share and same-store sales will drop 3.6%, according to Credit Suisse. Embattled retailer Gap is expected to earn 51 cents per share and same-store sales will slow 4% this quarter, Credit Suisse said. In Q3 of 2018, Gap reported earnings of 6

Victoria’s Secret parent company L Brands rose 4% in extended trading Wednesday after the company posted mixed third-quarter results. L Brands posted adjusted earnings per share of 2 cents on revenue of $2.68 billion, compared with Refinitiv consensus estimates of 2 cents EPS on revenue of $2.69 billion. The company posted fourth-quarter revenue of $294 million, while its full-year revenue came in at $1.26 billion. Shares of Bristol-Myers Squibb rose more than 1% in extended trading after the co

Please refresh the page if you do not see a player above at that time.] The fourth round of public impeachment hearings continues with Defense Department official Laura Cooper and State Department official David Hale, who are scheduled to testify before the House Intelligence Committee on Wednesday afternoon. “And they were trying to find ways to engage the President on this.” Hale described in his closed-door testimony an effort by Secretary of State Mike Pompeo, to determine who was behind a m

So, I think that this whole story line that it’s Kohl’s and Home Depot versus, say, Lowe’s and Target is false. Moody’s lead retail analyst Charles O’Shea said Target impressed even his team with its quarterly report:”I think Target’s one of the best retailers out there right now, and I think there’s room for Target to run on all fronts. So, I think Target’s just rockin’ and rollin’ right now.” One of the best signs I see that the consumer is very healthy is that in good times, Target beats Walm

Les Wexner, chief executive of Victoria’s Secret parent L Brands, has never been under more pressure. Revenue fell short of expectations as declining Victoria’s Secret sales continued to weigh on results. Wexner’s wife, Abigail, previously worked at the law firm L Brands hired to conduct the review, Davis Polk. L Brands and Barington reached a truce in April that added the fund as a special advisor to the company. L Brands has also explored an investment known as “private investment in public eq

The first email “said that the Ukrainian embassy and House Foreign Affairs Committee are asking about security assistance,” Cooper testified. That same morning, Trump asked Ukraine President Volodymyr Zelenskiy in a phone call to “look into” unsubstantiated allegations against former Vice President Joe Biden and his son Hunter. Trump and his allies, as well as Zelenskiy himself, have argued there was “no pressure” on Ukraine by the White House. As evidence, some have claimed that Ukraine was not

Doubts about a trade agreement have been rising, particularly since the U.S. Senate unanimously voted Tuesday to support the Hong Kong protesters. I’m much more worried about Hong Kong and the persecution of the Muslims. “It’s always been a risk that the phase one deal was not a done deal. Goldman Sachs economists, in a note early Wednesday, said uncertainty around the deal increased due to the Congressional vote on Hong Kong. The later phase deal would deal with much thornier issues of intellec

Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Democratic congressional leaders from the Hispanic, Black and Asian Pacific American caucuses scolded Google CEO Sundar Pichai for the recent hiring of a former Trump administration official who had supported the Muslim ban. The letter from House leaders berated Pichai and Google co-founder Sergey Brin, citing reports fr

The demand for Google data, known as a geofence warrant, is a way for law enforcement authorities to take advantage of the company’s collection of massive amounts of information on its customers. Prosecutors say that the search was legal because Chatrie had opted into Google’s location services, allowing his Android phone and the company’s apps to track his movements. “The geofence warrant allowed them to solve the crime and protect the public by examining a remarkably limited and focused set of

Early Facebook employee and Silicon Valley investor Chamath Palihapitiya said Wednesday that he strongly supports Elizabeth Warren’s proposed wealth tax. Warren’s so-called wealth tax would include a 6% tax on wealth over $1 billion and a 2% tax on every dollar of wealth held between $50 million and $1 billion. The tax has landed Warren in the crosshairs of billionaires such as Omega Advisors CEO Leon Cooperman who have emotionally attacked the proposed tax. Fellow billionaire Palihapitiya, howe

PayPal is making the biggest acquisition in its two-decade history, announcing on Wednesday that it’s buying Honey Science for about $4 billion. PayPal said Honey’s technology will help it reach consumers as they begin their “shopping journeys” with personalized offers. Prior to Honey, the company’s biggest purchase was last year’s $2.2 billion acquisition of iZettle, a Swedish payments company. Founded in 2012, Honey operates a browser extension tool that automatically searches for and applies

An Uber self-driving car drives down 5th Street in San Francisco, California. Justin Sullivan | Getty ImagesSeveral Senators offered sharp criticism of Tesla and Uber during a Commerce Committee hearing on self-driving vehicles on Wednesday. Tesla autopilot ‘cheats’One of the most dramatic moments during the hearing on Wednesday came when Senator Ed Markey, D-Mass. In one easy Autopilot cheat, drivers affix a water bottle or orange to their Tesla steering wheel, adding weight to it. D.-N.M, sugg

Google has largely stayed out of the flap between Facebook and Twitter over political advertising. Facebook took a lenient policy of accepting political ads even if they contain false information, while Twitter imposed a ban on political ads altogether. On Wednesday afternoon, Google changed its status, taking the middle ground between the two social media companies. The bill, which proposes that online political ads follow the same transparency rules as TV and media, was reintroduced earlier th

US President Donald Trump (R) and Apple CEO Tim Cook (L), with Treasury Secretary Steven Mnuchin, tour the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019. President Donald Trump and Apple CEO Tim Cook toured a Texas manufacturing facility on Wednesday, getting a glimpse of a factory used by Apple to assemble the Mac Pro desktop. “And Tim Cook is someone I greatly respect.” The plant toured on Wednesday, operated by Flex, as

Pro-democracy supporters hold their phone’s flashlight in a rally to show support for students at The Hong Kong Poytechnic University on November 19, 2019 in Hong Kong, China. The House passed a second bill to bar the export of certain munitions to Hong Kong police by the same margin. The House passed a pro-Hong Kong rights bill on Wednesday, putting President Donald Trump in a bind as he tries not to roil high-stakes trade talks with China. It would also set up the potential for sanctions on pe

But the entrepreneur who started the Bulletproof coffee craze (that’s coffee with grass-fed butter and coconut oil), Dave Asprey, has set his sights on living to 180. According to Asprey, how well he slept is about how much rapid eye movement (REM) stage sleep he had, because he believes loss of REM sleep leads to aging. While research has not pegged lack of REM sleep as a cause of aging, as you age you spend less of your sleep in REM. Research has also linked higher REM sleep to improved energy

But a new study from the University of Bath suggests that this trend is impacting male partners’ mental health. But as women made more money past that point, men become “increasingly uncomfortable” and stressed, according to the findings. Other research suggests that masculinity norms discourage men from being vulnerable, which can further get in the way of their ability to seek mental health support. When women are the breadwinners, couples have a hard time discussing any confusing emotions tha

Democratic presidential candidate, mayor of Miramar, Florida Wayne Messam speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina. Wayne Messam, the mayor of Miramar, Florida, dropped out of the 2020 Democratic presidential primary after failing to break through in a crowded field. Messam joined the race touting his family’s American dream story and his record as Miramar’s first black mayor. Messam owns a successful constr

U.S. Secretary of State Mike Pompeo speaks during a press conference at the U.S. Department of State on November 18, 2019 in Washington, DC. Secretary of State Mike Pompeo claimed Tuesday he wasn’t watching impeachment hearings targeting his boss, President Donald Trump. “The U.S. aid to Ukraine flowed, no investigation was launched, and President Trump has met and spoken with President Zelensky. Zelenskiy had to make those announcements — which could have boosted Trump’s effort to win reelectio

If you have one resolution for 2020, make it to clear the decks on your credit card debt. About 2 out of 3 consumers with credit cards have been toting the same balance or higher over the last decade, according to a recent survey from Bankrate.com. The personal finance website took an online poll in October of 2,257 adults, of whom 1,908 were credit card holders. Two-thirds of the credit card holders surveyed said they are as stressed or more over the balance on their cards compared to January 2