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Parents deliver Macy's and Kohl's disappointing retail news
TheStreet48d agoneutral
Parents deliver Macy's and Kohl's disappointing retail news

Parents are planning to spend almost $500 per child this back-to-school season, but most won't be shopping at Macy's or Kohl's. Retail giant Walmart is the overwhelming first choice as consumers prioritize value and convenience. Despite rising prices driven by inflation and the high cost of ...

Goldman Sachs makes big change to its recession call
TheStreet48d agoneutral
Goldman Sachs makes big change to its recession call

Three months ago, Goldman Sachs was warning clients that the U.S. economy had a one-in-four chance of tipping into recession. The bank just cut that number by 10 percentage points, and the reason has nothing to do with anything the Federal Reserve did. Goldman Sachs chief economist Jan Hatzius ...

Investing.com48d agoneutral
Sony to end PlayStation disc production in January 2028

Investing.com -- Sony Interactive Entertainment dealt the physical gaming market a landmark blow on Wednesday, announcing that disc production for all new PlayStation games will cease in January 2028, a watershed moment for console gaming. The company's own data shows that nearly four in five full-game purchases on PS4 and PS5 were made digitally over the past year, providing the commercial rationale for a policy that applies to every publisher, not just Sony's first-party titles.

Is Costco open on July 4th?
TheStreet48d agoneutral
Is Costco open on July 4th?

Costco has built itself a loyal following by giving members access to bulk bargains nearly every day of the year. And it's clear that members are more than willing to pay their annual fees for Costco access. During Costco's third quarter 2026 earnings call, the company reported $1.37 billion in ...

Sony to end discs for new PlayStation releases as gaming shifts online
Reuters48d agoneutral
Sony to end discs for new PlayStation releases as gaming shifts online

Sony said on Wednesday it will stop producing physical discs for all new games ‌released on PlayStation consoles from January 2028, marking a ‌full shift to digital distribution as consumer purchases continue to move online. Digital ​downloads accounted for about 80% of Sony's full-game software sales in fiscal 2025, according to the company, reflecting a years-long shift toward digital game purchases. The Japanese entertainment and technology company ‌said new PlayStation titles ⁠released from January 2028 will be sold through the PlayStation Store and by retailers in ⁠digital formats only.

Bloomberg48d agoneutral
Sony to End Production of Physical PlayStation Discs in 2028

(Bloomberg) -- Sony Group Corp. will end production of physical discs for its PlayStation video-game consoles starting in January 2028, going all in on a digital approach that will require consumers to download titles from the company’s online storefront moving forward.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsSupreme Court Backs Birthright Citizenship in Blow to TrumpDemocratic Socialist Ousts 15-Te

Robinhood Markets (HOOD) Fell on Weak Core Earnings
Insider Monkey48d agoneutral
Robinhood Markets (HOOD) Fell on Weak Core Earnings

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside […]

Toll Brothers (TOL): Buy, Sell, or Hold Post Q1 Earnings?
StockStory48d agoneutral
Toll Brothers (TOL): Buy, Sell, or Hold Post Q1 Earnings?

Since July 2021, the S&P 500 has delivered a total return of 72.2%. But one standout stock has more than doubled the market - over the past five years, Toll Brothers has surged 179% to $164.09 per share. Its momentum hasn’t stopped as it’s also gained 21% in the last six months thanks to its solid quarterly results, beating the S&P by 12.6%.

Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case
The Wall Street Journal48d agoneutral
Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case

A Swedish court ordered Alphabet’s Google to pay Klarna $1.97 billion in damages after the buy now, pay later company won an antitrust case alleging that the search giant engaged in anticompetitive practices. Klarna’s price-comparison unit, PriceRunner, sued Google in 2022 in Swedish court. PriceRunner alleged Google was giving preferential treatment to its own price-comparison service in its search results.

Micron, GM sign semiconductor supply agreement for vehicles
Reuters48d agoneutral
Micron, GM sign semiconductor supply agreement for vehicles

July 1 () - Micron Technology and General Motors ‌have signed a ‌supply agreement for memory and storage ​platforms used in vehicle production, the companies said on Wednesday. The agreement comes ‌at ⁠a time when automakers are looking to ⁠bolster their semiconductor supply chains to help with ​growing computing ​needs ​on modern ‌vehicles.

Bloomberg48d agoneutral
S&P Winning Streak for July at Risk With Volatile End to Month

(Bloomberg) -- July is a great time to buy stocks. In fact, it’s been the best month for the S&P 500 Index in the past two decades. Bulls are finding comfort in that history ahead of what stands to be an eventful stretch.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsSupreme Court Backs Birthright Citizenship in Blow to TrumpDemocratic Socialist Ousts 15-Term House Incumbent in ColoradoUS Lifts Export Res