Daily Mail journalists select and curate the products that feature on our site. If you make a purchase via links on this page we will earn commission – learn more Just three years ago, Abercrombie & Fitch looked like a dying relic of early-2000s mall culture. Customers had fled. The stock was tanking. And the…
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 05:27 BST, 18 April 2025 | Updated: 06:40 BST, 18 April 2025 Billionaire investor Bill Ackman has made a surprise move into the car rental world — and investors are paying attention. Ackman’s Pershing Square Capital Management now has a 20 per cent stake in Hertz. He…
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 21:05 BST, 17 April 2025 | Updated: 22:02 BST, 17 April 2025 Walmart shoppers across the US are dealing with a tech glitch thats left customers unable to check out. Reports of outages started flooding Reddit on Wednesday afternoon, with users from states including Texas, Arizona, Missouri,…
Warren Buffett made some smart moves in the stock market over the last year, as he became the only billionaire among the world’s richest whose net worth increased in recent days, despite President Donald Trump’s tariffs. Trump had announced last week that he would be implementing a ‘baseline’ 10 percent tariff on goods imported from countries…
The golden age of bargain clothing shopping is coming to a screeching halt. The demise starts as America’s malls are already struggling. Yesterday, President Donald Trump announced the start of reciprocal tariffs on goods imported into the US. The policy assigns massive costs to products made in dozens of countries. Five Asian nations, where popular…
A once popluar clothing chain that was once a staple in malls across America has filed for its second bankruptcy in five years. Forever 21’s US store operator has struggled as traffic in shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo said late Sunday that it will wind…
Genius investor Warren Buffett’s continued hoarding of cash and selling of stocks continues to stoke fears of a potential market crash that could hammer 401(k)s. The cash and Treasury bills being held at the Oracle of Omaha’s famed company Berkshire Hathaway has risen above $300 billion in the third quarter. The Wall Street Journal report…
A stock market metric named after legendary investor Warren Buffett is flashing a warning sign. The Buffett Indicator calculates the ratio of the market cap of all the publicly traded stocks in the US to the country’s gross domestic product, or GDP. Experts are warning that the gauge is at a record high – and…
America’s main stock index hit record highs today – as shares rallied on optimism about President Donald’s Trump’s return to office. The S&P 500 index hit the 6,100 milestone just after midday in New York. Only nine months ago the S&P hit 5,000. Investors cheered streaming giant Netflix‘s strong quarterly performance and Trump’s multi-billion dollar…
Average investors may be on edge as US stocks set record highs and America’s biggest financial gurus are sitting on the market’s sidelines. Last week, it was reported that Amazon.com’s Jeff Bezos and Meta’s Mark Zuckerberg sold billions of dollars of their own company stock this year – even as the S&P 500 notched its…