4:08 a.m. July 18, 2020
- By Tonya Garcia
Online food prices jump as food companies struggle to meet demand Digital purchasing power has fallen into negative territory for the first time ever, according to Adobe dataOnline food prices have climbed 4.2% over the past six months according to the latest Adobe Inc. data as grocery e-commerce accelerated amid the COVID-19 pandemic and food producers struggled to keep up with continued high demand.
4:55 a.m. June 5, 2020
- By Steve Goldstein
This contrarian strategist recommends chasing bears in these hard-hit sectorsOne strategist explains why he likes the sectors that bearish investors are betting against.
3:51 p.m. May 26, 2020
Macy's launches bond sale seeking $1.1 billionDepartment store operator Macy's Inc. launched a funding round offering $1.1 billion in bonds to get the struggling retailer through the lockdowns enforced during the coronavirus pandemic. New York-based Macy's Tuesday said it plans to use the proceeds of the bond sale to repay borrowings under a current facility.
12:45 p.m. May 17, 2020
For J.C. Penney, the clock is tickingThe clock is ticking for J.C. Penney Co., which is racing to settle with creditors quickly enough to convince them it can once again make money selling clothing, cosmetics and cookware to another generation of Americans.
3:28 a.m. May 12, 2020
- By Tanner Brown
China shares stagnant this week despite Beijing hints at ‘more powerful’ stimulus PBOC’s quarterly report marks shift in tone from conservative to more flexible tools to fight slowdownThe PBOC’s quarterly report marks shift in tone from conservative to more flexible tools to fight slowdown