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Foot Locker shares sink after weak quarterly results

Dana Telsey, chief research officer at Telsey Advisory Group, reveals retail expectations for the holiday season on “Barron's Roundtable.” Foot Locker stock fell Wednesday after the company significantly missed Wall Street's quarterly profit expectations and lowered its full-year sales and profit forecasts. The company's shares fell as much as 16% in morning trading after the […]

Foot Locker shares plunge 14% — especially for Nike products

Foot Locker shares plunged 14.3% Wednesday after the company reported lower-than-expected earnings and lowered its full-year forecast after weak holiday demand. The CEO specifically cited Nike products. Former Ulta Beauty president Mary Dillon, who took over Foot Locker in 2022, blamed weak demand for Nike sneakers and promotions that exceeded industry-wide expectations. “Certainly there are […]

Elon Musk’s SpaceX could be valued at $350B in sale of insider shares

Elon Musk's SpaceX is reportedly considering buying an insider stake that would value the rocket company at about $350 billion. A tender offer, in which employees and early investors could sell their shares at a specific time and price, would see SpaceX's value rise rapidly. Musk's company was valued at about $210 billion after a […]

Stellantis shares tumble after CEO Carlos Tavares’ abrupt resignation

Investors and bankers familiar with the matter said Monday that outgoing CEO Carlos Tavares will quickly turn around the struggling U.S. business by cutting costs rather than focusing on long-term strategy. The company revealed that it had clashed with Stellantis' board of directors over the plan. Shares in the makers of Jeep, Fiat and Peugeot […]

Madonna shares rare photo with father, all 6 of her children for Thanksgiving

Madonna spent Thanksgiving with all her loved ones. The 66-year-old Queen of Pop shared a rare family photo of all six of her children with their father Silvio. on instagram Monday after celebrating the holidays in the Hamptons. The first photo showed the “Vogue” singer and her 93-year-old father sitting under a tree as children. […]

Kate Middleton shares heartfelt Christmas message after cancer battle

Duchess Kate reflected on her challenging year and expressed the importance of spreading love and kindness in a heartfelt letter to guests attending her annual Christmas carol concert next week. The 42-year-old Princess of Wales, who recently announced that she is cancer-free after completing chemotherapy, spoke about the need for empathy with loved ones during […]