An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles.Patrick T. Fallon | Bloomberg | Getty ImagesDuring a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker chain was appearing on bankruptcy watch lists as recently as March.Grammy-nominated rapper Coi Leray was there to celebrate the company with a special performance of her hit song “Players” as influencers, journalists and handpicked members of the company’s revamped loyalty program sipped on lavender margaritas and champagne…
Author: usaeverydaylife
Tourists take pictures under the rain in front of the Eiffel Tower in Paris.Lionel Bonaventure | AFP | Getty ImagesLONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore.The U.K.’s FTSE index is expected to open 4 points higher at 8,253, Germany’s DAX up 23 points at 18,852, France’s CAC 40 up 19 points at 7,518 and Italy’s FTSE MIB 16 points higher at 33,610, according to data from IG.European stocks closed higher Monday as investors assessed banking deals and German and French preliminary composite PMI…
Rows of new energy vehicles are parked at Changan Automobile’s vehicle distribution center in Chongqing, China, on January 14, 2024. Costfoto | Nurphoto | Getty ImagesShares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad rally after Beijing announced policy easing. Hong Kong listed Li Auto rose over 8%, while Nio surged 9%. Shares of BYD climbed 2.7%, while Geely added 3.3%. Leapmotor jumped 4.35%. The proposed rule aims to ban the import and sale of cars with specific vehicle communication systems or…
British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. Wpa Pool | Getty Images News | Getty ImagesOver the past few weeks, economic news from the U.K. has heavily focused on the state of British national finances and how they might impact both the British public and the prospects for economic growth.A number of accusations and denials have flown between the rival Labour and Conservative parties over the state of the country’s budget deficit, particularly between…
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | ReutersThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayMarkets regain momentumU.S. markets rose Monday, with the S&P 500 and Dow Jones Industrial Average notching fresh closing highs. Asia-Pacific stocks mostly climbed Tuesday, with…
Jgi/jamie Grill | Tetra Images | Getty ImagesIn January, experts said 2024 would be a “very good year for savers.”And it still is, despite the Federal Reserve’s recent 50 basis point rate cut, which will push record returns on cash lower.”Those rates aren’t going to go from awesome to awful overnight,” said Matt Schulz, chief credit analyst at LendingTree. “There’s no need to panic if you haven’t moved your money into a high-yield savings account yet or you haven’t locked in a CD rate.”More from Personal Finance:Here’s what the Fed rate cut means for your walletDon’t expect ‘immediate relief’ from…
European countries dominated the 2024 IMD World Talent Ranking.Didier Marti | Moment | Getty ImagesFor the eleventh consecutive year, Switzerland topped the list as the world’s most talent-competitive country, according to the IMD 2024 World Talent Ranking, signaling its strong and stable talent pool despite the rapidly changing global work landscape.The ranking measures how economies around the world perform when it comes to sustaining their pool of talent. This year, the list was developed through a combination of survey answers and hard data from the IMD World Competitiveness Center and external sources across 67 economies globally.This data is broken down…
Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022.Frederic J. Brown | AFP | Getty ImagesWARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the Detroit automaker would be well on its way to catching Tesla in sales of electric vehicles.In October 2021, GM CEO Mary Barra declared the automaker would “absolutely” catch up to the U.S. EV leader by 2025. Instead, after slower-than-anticipated EV adoption across the industry and GM-specific challenges with production, software and supply chains, the…
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023.Raul Ariano | Bloomberg | Getty ImagesChinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate market.During a high-level press conference Tuesday morning, People’s Bank of China Gov. Pan Gongsheng announced that Beijing would reduce the interest rates on existing individual mortgages by an average of 0.5 percentage points, and the lower down-payment ratio for second homes purchases to 15% from 25%.It’s the…
FBI Director Christopher Wray speaks during a press conference at the U.S. Department of Justice on December 6, 2023 in Washington, DC. Samuel Corum | Getty Images News | Getty ImagesCrime, including serious violent incidents like murder and rape, dropped nationally from 2022 to 2023, according to new data released by the FBI on Monday.Violent crime was down about 3% from 2022 to 2023 and property crime took a similar drop of 2.4%, the FBI reported in its annual “Summary of Crime in the Nation.” The most serious crimes went down significantly: Murder and non-negligent manslaughter were down an estimated 11.6% —…
