Check out the companies making headlines midday Tuesday:Autozone — Shares of Autozone jumped nearly 7% after posting strong fiscal first quarter earnings. Wall Street estimated earnings of $13.74 per share on revenue of $2.765 billion, according to Refinitiv. Stitch Fix — Personal styling company Stitch Fix surged nearly 9% after reporting fiscal first quarter earnings that topped analysts’ expectations. The company reported earnings of 0 cents per share, when analysts were expecting a loss of 6

Rick Gates, former deputy campaign manager for Donald Trump, exits Federal Court in Washington, D.C., U.S., on Friday, Feb. 23, 2018. Gates is a former business partner of Paul Manafort, who served for several months as chief of Trump’s 2016 presidential campaign. Gates served on that campaign as well, and on Trump’s inaugural committee. Gates later testified at the trials of Manafort, Trump’s long-time friend Roger Stone and Washington lawyer Greg Craig, who had served under two Democratic pres

Stitch Fix is finding success in an evolving retail landscape because its business embodies the new consumer preference, CEO Katrina Lake told CNBC on Tuesday. Investors on Tuesday, at least, were buying into the Stitch Fix story. The way in which subscribers can experience Stitch Fix also is changing, Lake noted. “It’s a very radically different e-commerce experience,” said Lake, who founded Stitch Fix in 2011. One area that Stitch Fix will not be experimenting with anytime soon, Lake said, is

The parent company of the Atlanta Journal-Constitution is threatening to sue Warner Bros. over the portrayal of a reporter in the Clint Eastwood film “Richard Jewell.” Eastwood’s film includes a plot line in which Kathy Scruggs, played by Olivia Wilde, offers a federal agent sex in exchange for a scoop. That depiction of Scruggs and the Atlanta Journal-Constitution, where she worked at the time, has drawn criticism, particularly from the current staff at the newspaper. “Richard Jewell” currently

Its below $5 billion market value is roughly the same as IPO hotshot Beyond Meat, a company with 1% the annual sales. Macy’s began the year with a market value closer to $10 billion. It could be about to get much worse for the beaten-up retailer, says Craig Johnson, chief market technician at Piper Jaffray. Analysts at the firm grew increasingly bearish on the health of Macy’s retail operations. Other department stores have also performed weakly this year.

New York, New York E+ | Getty ImagesThere are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. The overhaul of the tax code, which went into effect in 2018, imposed a $10,000 limit on state and local tax deductions that itemizers could claim on their federal tax return. The proposed legislation also calls for the elimination of the SALT cap in 2020 and 2021. Among New Yorkers who itemized in 2017, the average

Police officers arrive at the scene following reports of gunfire, Tuesday, Dec. 10, 2019, in Jersey City, N.JLaw enforcement officials in Jersey City, New Jersey, were responding Tuesday to reports of an active shooter, NBC New York reported. SWAT officers and first responders rushed to the neighborhood near Martin Luther King Drive and Bidwell Avenue, about 8 miles southwest of Midtown Manhattan in New York City. “I have been briefed on the unfolding situation in Jersey City. Our thoughts and p

Peloton shares skidded 6.6% Tuesday after a Citron Research short-seller note pointed to “clear flaws” in the exercise company’s business model and an “overly promotional” management team that is “trying to justify an unrealistic valuation.” Competitors are starting to catch up and create similar products that are more affordable, Citron warns, including spin cycles with swivel screens, open platforms and iPad attachments. While Peloton has spent hundreds of millions on marketing that has mostly

White House chief economic advisor Larry Kudlow speaks with reporters on the driveway outside the West Wing of the White House in Washington, July 26, 2019. White House economic advisor Larry Kudlow on Tuesday downplayed reports of a tariff delay, noting the Trump administration could still move forward with new levies targeting Chinese goods. “The reality is those tariffs are still on the table, the Dec. 15 tariffs, and the president has indicated if the short strokes remaining in negotiations

Jerome Powell, chairman of the U.S. Federal Reserve, left, hands his mobile phone to Michelle Smith, assistant to the board and director at the Federal Reserve, before a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Could the Twittersphere be influencing the Federal Reserve on interest rate policy? Or is he watching how Fed policy is trending in #repo, #QE [quantitative easing], or even #Powell. Perhaps he follows the regional Federal Reserve banks, like t

U.S. Attorney General William Barr and U.S. President Donald Trump attend a signing ceremony for an executive order in the Oval Office of the White House on November 26, 2019 in Washington, DC. Attorney General William Barr said that he still believes that FBI operated in “bad faith” in its investigation of possible Russian coordination with Donald Trump’s 2016 campaign, a day after the Justice Department’s internal watchdog found no evidence of political bias in the opening of the probe. Barr s

Private equity investors are lobbying against Nancy Pelosi’s sweeping drug pricing bill, telling her legislative aides in a series of private meetings in recent weeks that the plan would dry up financing for small biotech companies. Some Democrats, including co-sponsors of Pelosi’s bill, told the venture capitalists they brought a critical new perspective in the drug pricing debate, Stanford said. However, the preliminary analysis from CBO also showed Pelosi’s plan would save Medicare $345 billi

Below is a complete list of books that the Microsoft co-founder says he loved reading this decade, according to his blog. (You’ll also notice a handful from scientist and policy analyst Vaclav Smil, whose new books Gates says he waits for “the way some people wait for the next Star Wars movie.”) Note: This compilation only includes lists from 2012 to 2019, since Gates did not post his year-end favorites for 2010 and 2011. I now understand why people talk about David Foster Wallace with the same

Real estate investor and YouTube star Graham Stephan has made a series of smart money moves throughout his career. As a result, his net worth crossed $1 million when he was 26, and today, the 29-year-old earns up to $220,000 a month from his various revenue streams. The first thing most mortgage lenders look at is your credit score, since it’s a good indicator of your ability to pay off debt. But, ideally, “I would have put 35-50% down per home and bought two to three times the real estate.” If

“Ask me, your favorite A list celebrity, anything you would like to know about being a super huge A list celebrity,” Teigen tweeted. Teigen tweeted Legend can be frustrating when it comes to scheduling. As for bills and other deliveries, Teigen wrote, “I don’t get mail.” They have house payments, and didn’t pay for it all upfront, Teigen tweeted. While this all seems glamorous and fun, Teigen wrote that the one perk she feels the most guilty about is “money.”

Uber CEO Dara Khosrowshahi has a recommendation for graduating high school seniors on what to study in college. “Go study CIS [computer information systems] and engineering,” Khosrowshahi, 50, said at the Economic Club in New York City on Wednesday. That’s because it can teach you how to solve problems. It’s part of the computer science mindset,” he said. Engineering and computer science ranked as the highest paying college majors in 2019, according to the PayScale college salary report.

“If I borrow money, will it have too large of an impact on your retirement savings?” If you borrow money from your parents, that means that they have less to put toward their retirement savings, at least until you pay them back. That’s especially true for U.S. homeowners who, in 2019, had an average of $202,284 in mortgage loan debt, according to Experian. If your parents’ debt is close to 35% (or more), it’s likely not a good time for them to loan you money. Whether or not to borrow money from

For a productive start to the new decade, crack open one of Gates’s favorites this holiday season. Read Gates’s full review of “An American Marriage.” Read Gates’s full review of “These Truths.” Read Gates’s full review of “Growth.” Read Gates’s full review of “Prepared.”

Oracle’s OpenWorld conference, one of the biggest annual technology events in San Francisco, is moving to Las Vegas in 2020 and will remain in Sin City for at least three years. “Oracle stated that their attendee feedback was that San Francisco hotel rates are too high,” the email, which was viewed by CNBC, said. Oracle continues to enjoy a strong relationship with the City of San Francisco and partners such as the San Francisco Giants and the Golden State Warriors. Oracle launched OpenWorld in

Apple’s newest desktop computer, the Mac Pro, is available now. It starts at $5,999 but if you want to fully upgrade it, you’ll spend $52,199. And that’s before you even get a screen. It costs an additional $7,000 to upgrade the standard processor to the most-power 28-core option, which is required for the $15,000 1.5 TB memory upgrade. You’ll spend $10,800 upgrading the graphics, another $1,400 for 4 TB of storage (an 8 TB option is coming soon, so expect to pay even more) and $2,000 for an App