A FedEx worker delivers packages in New York, May 9, 2022.Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power.Shipping giant FedEx last week said customers have shied away from speedier, pricier...
Category: News
From ‘Barbenheimer’ to Taylor Swift, here are the most important films of 2023 and why they worked
Movie posters for "Barbie" and "Oppenheimer" are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023.Hannah Beier | The Washington Post | Getty ImagesCall 2023 an explosive comeback at the box office.There were blonde bombshells in "Barbie," actual bombs in "Oppenheimer" and small-budget blockbusters —...
Nike, Foot Locker shares sink after athletic apparel maker cuts revenue outlook
Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow.Nike closed down more than 11%. Foot Locker, which relies heavily on Nike products in its stores, closed down nearly 4%.It was Nike's worst day...
Universal banks on ‘Migration’ to expand its animation lead over Disney
Universal and Illuminations latest animated film centers on a family of ducks who decides to leave the safety of a New England pond for an adventurous trip to Jamaica. However, their well-laid plans quickly go awry when they get lost and wind up in New York City.UniversalDisney dropped the animation...
Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts
A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022.Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours....