Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. Story Published at: September 15, 2022 at 05:56PM
Retail sales growth sluggish in August as consumers fight to keep up with inflation
‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht
The economy is on the brink of a serious downturn if the Fed doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.Story Published at: September 15, 2022 at 03:52PM
This 31-year-old spent $15,000 setting up an Airbnb yurt near the Grand Canyon—now it earns him $28,000 per year
Tour guide Louis Herron spent $15,000 building the yurt he listed on Airbnb in August 2020. Now, he makes $28,000 a year renting it to Grand Canyon visitors.Story Published at: September 15, 2022 at 03:55PM
Kanye West’s Yeezy terminates deal with Gap: ‘A king can’t live in someone else’s castle’
Kanye West, who goes by Ye, said in a letter to Gap that he is terminating the contract between his company Yeezy and the retailer.Story Published at: September 15, 2022 at 10:21PM
FedEx CEO says he expects the economy to enter a ‘worldwide recession’
The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter.Story Published at: September 15, 2022 at 11:41PM
Here’s how we’re positioned in four sectors and some of the stocks we like in each
CNBC’s Jim Cramer gave investors advice on how to build a strong portfolio during the Federal Reserve’s struggle to reduce inflation.Story Published at: September 15, 2022 at 08:22PM
$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year
Just over a year after raising money at a $10 billion valuation, Figma is getting acquired at twice that price by Adobe. Story Published at: September 15, 2022 at 08:04PM
How to delete duplicate photos with Apple’s iOS 16
A new feature of iOS 16 allows you to delete duplicate photos on your iPhone to free up storage space. Here’s how to use it.Story Published at: September 15, 2022 at 05:25PM
Adobe shares plunge on deal to acquire design platform Figma for $20 billion
Adobe announced Thursday morning that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock.Story Published at: September 15, 2022 at 05:16PM
Roger Federer, Swiss tennis great, announces he’s leaving the sport
Tennis legend Roger Federer is retiring from the sport after a 24-year career. The Swiss player made the announcement on Thursday in a letter posted to Twitter.Story Published at: September 15, 2022 at 05:18PM