With the Olympics around the corner and social-media trends leaving as quickly as they arrive, the athletic apparel industry has been in growth mode.  That's largely because the Olympics provide a large theater to display new product lines and capitalize on potentially popular merchandise.  Related: Popular restaurant chain filing for bankruptcy, closing all locations Nike  (NKE) , for example, has been working tirelessly behind the scenes to revamp its brand's energy and plans to use the Paris 2024 Summer Olympics to its full advantage.  Management has said Nike plans ..read more

Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, April 26. Related: Stock Market Today: Google surge powers tech, steady inflation boosts stocks Full Video Transcript Below: CAROLINE WOODS: I’m Caroline Woods reporting from the New York Stock Exchange - here’s what we’re watching on TheStreet today. Stocks are coming off a losing session on Wall Street on concerns interest rates will stay higher for longer. Investors are reacting to the Fed’s preferred inflation gauge. The Personal Consumption Expenditure ..read more

Cruise lines build their business on loyalty.  They all offer programs designed to entice passengers to take repeated cruises on their line instead of trying another. Most cruise lines have two loyalty programs. One will reward people based on how often they sail the cruise line. For Royal Caribbean, that's the Crown & Anchor Society, a loyalty program that issues points for each night a passenger sails with the cruise line.  Related: Why Carnival, Royal Caribbean don't offer key entertainment option You get one point for each night spent on board, two as a solo traveler and for ..read more

The Federal Reserve's preferred inflation gauge held steady last month, suggesting modest progress from the Federal Reserve in slowing price pressures in the world's biggest economy. On Friday, April 26, the Bureau of Economic Analysis reported that the PCE Price Index showed core prices rose at an annualized rate of 2.8% last month, the slowest in three years. The tally was just ahead of Wall Street's forecast of 2.7% but matched the February reading. On a monthly basis, core pressures were up 0.3%, matching February's increase and Wall Street's consensus estimate. Markets often key on the bu ..read more

Check back for updates throughout the trading day U.S. equity futures powered higher Friday, paced by outsized gains for tech heavyweights Alphabet and Microsoft, as investors looked to a crucial inflation reading prior to the opening bell and maintain the market's modest advance for the week. Stocks closed lower Thursday, with the S&P 500 sliding around 0.5%, after Commerce Department data showed a slowdown in first-quarter GDP, which was estimated at 1.6%, with a notable spike higher in underlying inflation pressures.  The data triggered another pushback on bets that the Federal Res ..read more

Key takeaways A 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting the proceeds from the sale of a business or investment property into a new, "like-kind" property. The replacement property in a 1031 exchange should be of equal or greater value to avoid paying taxes immediately. Otherwise, taxes may be due on the difference (which is known as "boot"). There are multiple types of 1031 exchanges, including deferred, simultaneous, reverse, and improvement exchanges, each with specific timelines and rules to follow for a successful exchange. While a 1031 exchan ..read more

Fast facts: Amazon offers seven different types of entry-level warehouse jobs. Starting pay for these positions varies by location and ranges from around $16.75 to $21.50 per hour, depending on job type and location. Amazon’s warehouse jobs have a mixed reputation — turnover rates are high, the physical nature of the work is tiring, and injuries aren’t uncommon — but positions are easy to get, even for those with a criminal record, no degree, or limited work experience.  Behind Amazon’s seemingly endless product selection and lightning-fast shipping is a vast and complicated storage, sh ..read more

The restaurant industry continues navigating through the aftermath of the Covid-19 pandemic, as many fast-food and fast-casual chains battle financial distress related to reduced foot traffic, as well as inflated food prices and rising interest rates. Fast-casual Tex-Mex chain Tijuana Flats Restaurants on April 19 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida, after launching a strategic review in November 2023 seeking answers for turning around the struggling chain. Related: Bankrupt fast-food chain exits Chapter 11; to expand size 4 times The ..read more

Boeing  (BA)  has faced intense scrutiny in recent years following a series of high-profile accidents and mishaps. PR expert and CEO of Skyline Corporate Communications Scott Powell, joined TheStreet to discuss how Boeing could have better addressed the concerns of both passengers and investors. Related: Boeing accused of hiding information of retaliation against workers Full Video Transcript Below: SCOTT POWELL: I think what Boeing should have done years ago is when they had the two mishaps in Indonesia and in Ethiopia, they really should have implemented a very strict audit and rev ..read more

High interest rates understandably cause many people to shy away from buying homes, but there are a few other factors potential homebuyers should consider. Dave Ramsey, personal finance author and host of The Ramsey Show, explained how taking a close look at the housing market — and one's own financial well-being — can lead to the conclusion that it's wise to buy a house now. Related: Dave Ramsey explains how your mortgage is key to early retirement "The housing market is heating up with more homes for sale, but there still aren't enough to meet demand, so prices keep climbing," wrote the Rams ..read more