Month: January 2021

People shop for holiday items at the Country Store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Holiday retail sales rose 8.3% from 2019, according to data released by the National Retail Federation on Friday, as consumers embraced the gift-giving season as a way to cheer

[The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo is holding a press briefing on the coronavirus Friday as the state rolls out coronavirus vaccines to people beyond top-priority health-care workers and nursing home

Marc Lore, CEO, Walmart eCommerce Scott Mlyn | CNBC The leader of Walmart’s U.S. e-commerce business, Marc Lore, is leaving the big-box retailer, according a filing on Friday by the retailer. Lore joined the company in 2016 when Walmart acquired the start-up he co-founded, Jet.com, for $3.3 billion. With the pricey acquisition, the legacy brick-and-mortar

A customer exits a Petco Animal Supplies Inc. store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Shares of Petco Health and Wellness Company shot up by about 50% in their debut on the New York Stock Exchange on Thursday, reflecting Wall Street’s appetite for investing in the industry during the pandemic-fueled

Will Smith and Martin Lawrence star in “Bad Boys For Life.” Sony The studio with the highest box office haul in 2020 was one that delayed most of its film slate to 2021. After combing data from Comscore, Sony emerged as the top earner in a year marred by a global pandemic. The studio represented

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Shares of Exxon slipped more than 5% on Friday after The Wall Street Journal reported that the Securities and Exchange Commission opened an investigation into the oil giant over how it valued a key asset in the oil-rich Permian Basin. The

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more

A mid-engine 2020 Chevrolet Corvette on the floor of the Los Angeles Auto Show on Nov. 21, 2019. Michael Wayland / CNBC DETROIT – General Motors is evaluating whether to expand its Corvette lineup – currently a two-seat sports car – to add its first-ever crossover SUV, a person familiar with the discussions confirmed to