Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to China, Mexico and Canada for sourcing is very small, but it recognizes that falling consumer confidence could impact spending. “I do think it’s just a bit of an uncertain world out there right now,” said Stack. “What’s going to happen from a tariff standpoint? You know, if tariffs are put in place and prices rise the way that they might, what’s going to happen with the consumer?” On a call with analysts, CEO Lauren Hobart insisted the company is not seeing a weak consumer, and said its guidance is based on the overall uncertain environment. “We…
The Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts on…
If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from…
For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog…
Struggling drugstore chain Walgreens is going private. The company on Thursday said it inked a deal with private equity firm Sycamore Partners that…
Dine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a…
Rare pieces of memorabilia from two of the National Basketball Association’s biggest icons are hitting the auction block and…
Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can…
Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can…