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Yearly Archives: 2019

The RealReal’s ‘Faux and Tell’ discloses fakes published on the site

The RealReal’s stock plunged by nearly 11%, shaving off more than $202 million in market value, on the day a CNBC investigation revealed problems in the company’s authentication process. As of Tuesday’s market close, its stock is down 20.7% since the report on Nov. 5, or a loss of $384.5 …

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Best Credit Cards for Black Friday and Cyber Monday Shopping of 2019

Holiday shopping is about to reach its peak with Black Friday and Cyber Monday fast approaching. In fact, 60% of holiday shoppers reported that they plan to shop on Thanksgiving Day, Black Friday or Cyber Monday, according to the Visa Business & Economic Insights holiday survey. If you’re one of …

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L Brands (LB) earnings Q3 2019

A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Bloomberg | Getty Images L Brands turned in mixed third-quarter results Wednesday as declining sales at its Victoria’s Secret brand continued …

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Retail earnings, manufacturing gauge, home sales

Shoppers walk outside the Macy’s store in New York’s Herald Square January 11, 2019. Don Emmert | AFP | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Retail earnings Retailers Macy’s, Nordstrom and Gap report third quarter earnings on Thursday, …

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‘Frozen 2’ poised to be Disney’s 6th billion-dollar film of 2019

Elsa, voiced by Idina Menzel, in “Frozen II.” Disney Disney has continued to break records at the box office this year — and is on the verge of setting a new one. The studio has already garnered more than $8 billion at the global box office since January, breaking the …

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When Book Deals Get Politicians Into Hot Water

Under normal circumstances, any author who raked in $600,000 for a series of self-published children’s books would be snapped up by a prestigious publisher and handed a lucrative multi-book deal. But in the case of Baltimore’s former mayor Catherine Pugh, the sales were a sham. Most of the “Healthy Holly” …

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History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC …

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Target is the retail trade of 2019, with the stock up nearly 90%

Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that …

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Lyft co-founder John Zimmer on stock plunge since IPO in March

Lyft co-founder and President John Zimmer, acknowledging the rough ride on Wall Street since their March initial public offering, said on Wednesday that he believes the stock is a good buy right now. “I care about our employees that have jobs from us, that in some cases equity from us,” …

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AIDS Memorial Quilt to Return Home to San Francisco

The AIDS Memorial Quilt, a vast network of patches commemorating the lives of people who have succumbed to illnesses related to the disease, will return to San Francisco, where its first panels were created in 1987. The quilt’s longtime steward, the NAMES Project Foundation, which is headquartered in Atlanta, will …

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