Business

Business
Business

Dick’s Sporting Goods makes bold bet on athletic apparel boom

Dick’s Sporting Goods is hitting its stride. In an industry that’s had some major strike outs recently — TheStreet has covered closures at Big 5 Sporting Goods and Sportsman’s Warehouse in the past several weeks — Dick’s is batting .400. According to new data from Placer.ai, foot traffic visits to the retailer have grown by

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Business

156-year-old energy giant to pay $17 billion in dividends as oil spikes to $110

Oil is back above $110 a barrel. And this 156-year-old Dividend Aristocrat is sitting in an enviable position. When crude prices spike, not every oil company benefits equally. Some are more exposed to Middle East supply chains. Others carry too much debt to capitalize on higher prices. ExxonMobil is neither. The Spring, Texas-based company was

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Business

Bank of America resets Amazon stock forecast

Amazon stock has lost about 7% year to date, at the time of writing, Friday afternoon, March 6, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about a little more than 1% in the same period. The rest of the Magnificent 7 stocks are also down in the same period:

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Business

Victoria’s Secret ends subscription program tied to $400M deal

Victoria’s Secret & Co. is shutting down the recently acquired line of business it had hoped would help modernize the lingerie giant. The retailer said it has ended the subscription service tied to its direct-to-consumer brand, Adore Me, and will instead convert the program into a loyalty model as part of a broader reassessment of

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Business

Veteran trader makes bold call on Berkshire Hathaway shares

Let’s examine the performance of Warren Buffett‘s investment conglomerate Berkshire Hathaway. The shares have traded sideways for most of the past year: Berkshire Hathaway’s Class A shares (BRK.A) rose 10.85%, while the cheaper and more accessible Class B (BRK.B) shares gained 10.89%, trailing the S&P 500’s 16.39% return for the year. Berkshire Hathaway shares sold

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Business

Bankrupt regional airline to liquidate, cancels all flights

With aviation one of the most expensive industries in which one can break into with a new company, smaller airlines periodically end up going bankrupt or in some cases shutting down before they can take off. The Air Operator’s Certificate (AOC) given out by the aviation regulatory agency in a given country requires the airline

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Business

Spirit cuts four routes to holiday cities, refunds available

After reaching a creditor deal to emerge from its second Chapter 11 bankruptcy within a year, Spirit Airlines has crafted a way forward that will leave it with fewer planes and focusing only on routes that have the highest potential for traffic. This year, the low-cost airline permanently exited domestic markets like Milwaukee, St. Loui

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Business

Credo’s blowout quarter hides a huge risk Wall Street can’t ignore

Credo Technology Group Holding (CRDO) is at it once again. The latest quarterly numbers once again make a strong case as to why the triple-digit rally the stock enjoyed last year is likely to continue. But they come with a caveat. Most headlines coming post earnings emphasized record revenue and eye-popping margins. However, the Credo

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Business

53-year-old retail chain explores selling entire business

Seeing liquidation sales and store-closing signs at once-iconic mall anchors has become a familiar sight across North America, slowly taking away shopping options in many communities and signaling continued challenges across the retail sector. Major department store chains such as Macy’s (M), JCPenney (JCP), and Kohl’s (KSS) have shuttered locations amid shifting consumer demand, higher operational

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Business

Bank of America names the U.S. auto stocks to own

The U.S. automotive market had a wild 2025, thanks to the uncertain climate under President Donald Trump’s mercurial tariff policy. Still, analysts at Bank of America believe that at least three U.S. car companies are worth investing in. Carmakers such as Ford played the change in the U.S. economic policy perfectly. Ford rode dealer incentives, combined with

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