It was a tough week for stocks, as investors navigated everything from escalating tensions in the Middle East to key tech earnings reports to healthcare developments. Logging their second straight weekly losses, the S & P 500 slipped 0.6%, while the tech-heavy Nasdaq fell 2.1%. Here’s a closer look at what drove the trading action….
Firefighters drive past the smoke of a fire at the Russian e-commerce firm Wildberries’ logistics complexes in the town of Elektrostal outside Moscow on July 18, 2026. A Ukrainian drone attack on two logistics centres in Russia killed eight people and injured 24, officials said on July 18, 2026. Tatyana Makeyeva | Afp | Getty…
Nike is planning to cut off thousands of online distributors in China beginning in January as the sneaker giant looks to clean up what’s become a messy digital marketplace and get the region back to growth, the company said Tuesday. Starting next year, Nike’s online footprint will shift primarily to the retailer’s official website and…
Packages of Taylor Farms salad greens are displayed at a Safeway store on July 16, 2026 in Kings Beach, California. Justin Sullivan | Getty Images The Food and Drug Administration’s reversal on a key piece of its cyclosporiasis investigation has sparked confusion in the U.S., but the agency said Monday that it has not changed…
Michael Rubin, Founder and CEO of Fanatics, speaking at the CNBC Game Plan Summit in New York City on July 16th, 2026. Shea Kastriner | CNBC Since founding Fanatics in 2011, Michael Rubin has built the company from a small online retailer of sports merchandise and apparel into a massive global sports platform. Not only…
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…
Shoppers during the grand opening of an Olive Young store in Pasadena, California, May 29, 2026. Kyle Grillot | Bloomberg | Getty Images When Olive Young opened its first U.S. outpost in late May, shoppers were already camping out, and the line spanned multiple blocks. On opening weekend, the leading South Korean beauty retailer’s new…
Customers enter a Taco Bell restaurant on July 14, 2026 in La Cañada Flintridge, California. Mario Tama | Getty Images Taco Bell has removed lettuce linked to a cyclosporiasis outbreak from restaurants, it said Friday. The outbreak has currently affected more than 1,600 people across five states, according to the Centers for Disease Control and…
When a man in a black Air Jordan T-shirt walked up to a self-checkout kiosk at a Louisiana Lowe’s last spring, he looked like any other customer. Over the course of about seven minutes, he methodically rang up different gift cards for $95 each, using his phone to tap-to-pay for each card as a red-vested…
The U.S. grocery slowdown is becoming harder to ignore. Shoppers are buying fewer items than a year ago, and grocery sales are declining as weakening unit sales are now outweighing rising prices. That is according to new analysis from Bain & Company using NielsenIQ grocery data shared exclusively with CNBC. Grocery units, which refer to…
