After years of losses and mounting financial pressure, a longtime luxury retailer recently received a new owner that promised to reshape the struggling business and return it to profitability. But the change in ownership has Read more…
Tech companies have been sending difficult messages to employees all year. Meta did it in May, shedding roughly 8,000 workers in one of the largest rounds of job cuts the company has ever made, as Read more…
US initial jobless claims were little changed in latest week, rising from a revised 204K to 206K in week ended August 29, exactly matching expectations. Previous week was revised up from 203K, while four-week moving Read more…
A retail giant is taking a harder look at its store network as changing shopping habits and weaker profitability force the company to rethink where it invests. The retailer has already closed dozens of locations Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal You don’t need to be an Read more…
Earlier this summer, Rockstar Games faced a PR nightmare after the company revealed that it would not be shipping its highly anticipated Grand Theft Auto sequel GTA VI with a physical disc. Gamers wanted the Read more…
There are many extra steps Costco takes in order to retain members — and understandably so. The company reported that during its most recent quarter, it took in $1.37 billion in membership fee income. Costco Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Adding comfort and style to a Read more…
For years, Elon Musk’s most ambitious promises across Tesla and SpaceX lived mostly in keynote slides and roadmap timelines. That is starting to change, and Musk himself agreed with the shift. Someone on X laid Read more…
The U.S. spends 2–3 times more on healthcare than any other developed nation — but a groundbreaking new study shows some states are finally starting to slow the bleeding. In this episode, we sit down Read more…