Finance

Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store …

Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook. BJ’s Wholesale (BJ) – BJ’s added 2.4% in premarket …

Yongyuan | E+ | Getty Images Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have done so just last month. Investors sold out of target-date funds and large-cap U.S. …

Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overseeing the firm’s financial institutions, acquirers, merchants and partners. He previously worked as CEO for consumer banking at …

Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 on Nov. 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Taylor Swift fans are not having a “Love Story” with Ticketmaster — and may fall victim to scams if they’re not careful when …

Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a little skeptical as to how many people do save a few bucks or are going to be willing to tolerate ads in what I would …

San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise interest rates at least another percentage point, and possibly more, before it can pause to evaluate how the inflation fight is going. Daly told CNBC in a live interview that her most recent estimate …

Check out the companies making headlines before the bell: Target (TGT) – Target plunged 13.5% in the premarket after missing consensus estimates by 59 cents with quarterly earnings of $1.54 per share. The retailer expects a drop in holiday season sales and cut its operating margin forecast for the current …

Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surprised that Tesla did as well as it did,” Munger said in an interview with CNBC’s Becky Quick that aired on “Squawk Box” on …

Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management. Credit Suisse said the transaction, along with the potential sale of other assets to third-party investors, is expected to reduce …