Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
HMV Retail Ltd, Britain's most high-profile entertainment retailer, could enter administration for the second time in six years and cut 2,200 jobs, Sky News reported on Friday, citing sources.
Sky News reported that the company, which gave the Beatles one of their first big breaks, filed a notice of intention to appoint administrators last week after talks with its suppliers.
The report also said that the company, which has more than 120 stores across the UK, had been in talks with leading names in the recorded music industry for funding.
HMV, opened on London's Oxford Street by English composer Edward Elgar in 1921, was rescued in 2013 when restructuring specialist Hilco bought it in a deal worth about 50 million pounds ($63.17 million).
HMV, made famous by the iconic image of the 'dog and trumpet', could not be immediately reached for comment.
More traditional players in the music industry have been hit by the growing popularity of online streaming services like
Spotify and Apple Music, which this year became the recording industry's single biggest revenue source.
Britain's retailers have also faced uncertainty over Brexit, rising labor costs, higher business property taxes and unseasonably warm weather.
These companies had been hoping that Christmas would revive spending after a bleak year that has seen a string of chains go out of business or announce shop closures.
However, the number of British shoppers hitting the post-Christmas sales dipped this year, offering no relief for struggling stores that had already discounted heavily to encourage spending in the run-up to the holiday.