In this article JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business
admin
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and raised its full-year outlook. Nordstrom CEO Erik Nordstrom said the company has experienced a surge in demand from shoppers refreshing their closets for “long-awaited occasions.”
Bill Oxford | E+ | Getty Images If you’re still waiting for a tax refund, there’s a silver lining: it may be accruing interest, and the rate jumps to 5% from 4% on July 1, according to the agency’s latest quarterly adjustment. Typically, the IRS has 45 days after the filing deadline to process returns
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuations. Those valuations make housing stocks look like the worst home in a bad neighborhood. But in reality, the industry is the cheapest house in an
PeopleImages | iStock | Getty Images For investors nearing retirement or already retired who need the certainty of cash but want to squeeze out a bit more yield, a certain investment in your 401(k) plan may fit the bill. It’s called a stable value fund (or something similar) and typically is available only through defined
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent
A decade after Kansas’s failed tax experiment, memories linger and continue to color the debate on tax reform and tax relief across the country, no matter how dissimilar other states’ plans are from the unbalanced and imprudent plan championed by then-Gov. Sam Brownback (R). The Kansas experience is so infamous that “what about Kansas?” is
Ozgurcankaya | E+ | Getty Images Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans can quickly melt if consumers aren’t careful when they
Travelance zette mensen telefonisch onder druk Amsterdam – De eigenaar van reisorganisatie Travelance krijgt een boete van €50.000 van de Autoriteit Consument en Markt (ACM) voor misleidende en agressieve telefonische verkoop van reisvouchers voor stedentrips. Het bedrijf belde consumenten zogenaamd als ’bedankje’ voor het invullen van een online vragenlijst. Als dank kregen ze een stedentrip
Amsterdam Trade Bank was voor een groot deel eigendom van de Russische oligarch Michail Fridman en werd door het Verenigd Koninkrijk en de Verenigde Staten op de sanctielijst gezet. In april werd de bank failliet verklaard doordat leveranciers van bijvoorbeeld software door de strafmaatregelen niet langer zaken konden doen met ATB, waardoor het heel moeilijk
Volgens de ECB waren er wel flinke verschillen te zien tussen de landen. Zo gaat het in Nederland om meer dan 14% van de huishoudens die beleggingen in digitale munten zoals bitcoins aanhouden en is het 6% in Frankrijk. Hoge en lage inkomens Daarbij hebben huishoudens met een hoog inkomen of juist een laag inkomen