Business

The Nasdaq Composite and Russell 2000 are already deep into a bear market -- which is a decline of 20% or more from a previous high. And after this week's sell-off, the S&P 500 is now just a few percentage points away from a bear market as well. Walt Disney, Amazon, Meta Platforms, Starbucks, and Adobe are just a…

The monthly rent paid by a tenant for a condo or coop in Manhattan was $3,870 in April, up 39% from a year earlier, according to a report from the brokerage firm Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last year, the net effective median rent -- or the amount tenants pay after factoring in incentives from…

Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China.VCG | Visual China Group | Getty ImagesCoach owner Tapestry shares climbed nearly 16% Thursday after the retailer said it's expecting lockdowns in Shanghai will be lifted at the beginning of June, followed by gradual…

The incident, which happened Tuesday, was a protest coordinated with People for the Ethical Treatment of Animals (PETA). Cromwell is a longtime supporter of the group and serves as an "Honorary Director." He's seen on video posted by the organization asking Starbucks to "stop charging more" for vegan milk. Starbucks charges roughly 70 cents…

Luis Alvarez | Digitalvision | Getty ImagesInflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since the summer of 1982, the U.S. Department of Labor said Wednesday.While a slight reduction from the 8.5% rate in March, the readings tell a similar…

Representative Rashida Tlaib (D-MI) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, U.S., April 27, 2022.Evelyn Hockstein | ReutersEven with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new…

One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com.In April, inventory was 12% lower than in the same month last year, the smallest year-over-year decline since the end of 2019. Another reading for just the last week…

A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022.David Paul Morris | Bloomberg | Getty ImagesConsumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows.Inflation expectations…

Satya Nadella, CEO of MicrosoftCNBCMicrosoft's security business is growing faster than any of its main products, and now the company is adding heft to its offerings with three new services designed to help organizations spot and respond to cybersecurity incidents.Microsoft is among the leaders in cloud software and infrastructure, which means…

Ford’s electrification push is taking a big step forward with the unveiling of the all-new E-Transit Custom. Billed as an “all-electric successor to Europe’s best-selling van,” the E-Transit Custom is a head turner in a segment where boring typically rules the day. The bold design instantly stands out as the van has an expressive…