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Business

“Foot Locker’s turnaround is showing signs of life, CEO sees consumers willing to pay full price”

“…The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.  The company also reaffirmed its fiscal year guidance, which projects sales to be between a… Continue Reading…

Stocks

“Best Buy shares rise on earnings beat, even as CEO says shoppers are showing ‘recessionary behaviors’”

“Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. The company’s shares rose more than 2% in early trading Thursday. The retailer affirmed the outlook it… Continue Reading…

Economy

Turning Point? “…Semiconductors are now showing better signs about the global economy”

“The semiconductor sector is turning the corner and showing signs that the global economy could be stronger than previously thought, CNBC’s Jim Cramer said Tuesday. The industry’s attempt to bounce back from its 2018 woes is being propped by Nvidia‘s… Continue Reading…