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4 mins read
America's shopping spree is over and retailers are facing a new world of cautious consumers
76% of consumers said they planned to trade down in the next quarter, spelling trouble for the weak…
Jennifer Sor
2 mins read
GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile
GameStop's surprise profit was driven primarily by interest earned on its $4 billion cash pile, rat…
Matthew Fox
2 mins read
Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report
The organised jewellery sector, which accounts for just over a third of the overall market, is pois…
ANI
2 mins read
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
3 mins read
Bansal Wire IPO: Should you subscribe to it? Know all about it here
With 86% of its production sold within India, North India continues to remain Bansal Wire's primary…
6 mins read
Meet the boomers cashing in on the golden age of retirement
For a certain cohort of retirees, retirement has meant financial stability and peace of mind.
Juliana Kaplan
1 min read
Online sellers are already cashing in with merch featuring Trump's fist-pump photo
The viral photo of Trump with his fist in the air quickly spawned merchandise across TikTok, Facebo…
Jaures Yip
5 mins read
75 artists received $9,000 each in a basic income trial. The cash helped a yarn guru to buy a house and a new car.
Fiber artist Tori Hanna used the $500 a month to replace her damaged car, cover debts and bills, an…
Theron Mohamed
3 mins read
A massive Microsoft outage is causing disruption across the world for airlines, banks, and retailers
A mass IT outage caused disruptions to flights, banks, and supermarkets following an update issued …
Aditi Bharade
4 mins read
All you need to know about Brainbees Solutions IPO: Should you subscribe or not?
Only 10% of the total issue has been made available to retail investors, while 15% is reserved for …
3 mins read
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
2 mins read
Dunzo co-founder Mukund Jha plans to start his own AI company, seeks to raise up to Rs 80 crore from Together Fund
Dunzo co-founder Mukund Jha, who stepped down from the company's board last year, is set to launch …
2 mins read
Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits
"Despite improved product availability and substantial discounts aimed at stimulating demand, m…
PTI
2 mins read
Not just withdraw, you can soon deposit cash using UPI at ATMs, promises RBI
On Friday, RBI governor Shaktikanta Das announced that bank account holders will soon be able to de…
2 mins read
Trump is already cashing in on his assassination attempt, selling a pair of $299 sneakers. They're already sold out.
A Trump-affiliated company appears to be selling limited-edition sneakers, dubbed the "FIGHT FIGHT …
Lauren Edmonds
3 mins read
These retail traders lost big in the first meme stock episode. Here's why they won't stop betting on GameStop.
Retail traders who lost money in the first GameStop saga say that they're still tempted to jump bac…
Jennifer Sor
2 mins read
GameStop CEO Ryan Cohen is now free to invest the retailer's cash in stocks, Warren Buffett-style
Like Warren Buffett, Ryan Cohen can now pick stocks for GameStop to buy. Wedbush's Michael Pachter …
Theron Mohamed
2 mins read
Some central banks have sold gold at record prices, cashing in on the global boom
Gold prices have hit fresh record highs amid macroeconomic and geopolitical uncertainties.
Huileng Tan
2 mins read
GameStop could make more money than it has in recent quarters by just sitting on its $4 billion cash pile
GameStop's $4 billion cash pile could generate upwards of $200 million in annual interest based on …
Matthew Fox
2 mins read
Cash remains king in India, co-exists alongside digital modes of payment
In FY23, the transportation, organised retail, and BFSI sectors observed average annual increases o…