Barbie’s back: Toymaker Mattel posts surprise profit after doll revamp

Mattel has reported a surprise quarterly profit overnight as the toy maker benefited from its revamped line of Barbie dolls and its efforts to keep a lid on costs. The earnings surprise sent its shares soaring 17 percent in extended trading on Wall Street. It’s still Barbie, but with a female empowerment message.Credit:Mark Lennihan Barbie ended the year with its […]

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Howard Schultz hits back at Dems decrying possible 2020 bid: They ‘need a little bit less caffeine’

Howard Schultz responds to Dems urging him not to run in 2020. Former Starbucks CEO Howard Schultz, in an interview with Fox News, fired back Wednesday at Democrats who are fuming over the possibility he could launch an independent presidential bid and claiming such a move would boost President Trump in 2020. “I think the Democrats need a little bit less […]

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Ocasio-Cortez hits back at Dems fretting over her ‘Twitter star’ status

Rep. Alexandria Ocasio-Cortez stealing some of the spotlight from Chuck Schumer and Nancy Pelosi? Newly elected Democratic congresswoman issues her own response to President Trump’s Oval Office address; reaction from Democratic strategist David Brown and Charlie Hurt, opinion editor at The Washington Times. Rising liberal star Rep. Alexandria Ocasio-Cortez is hitting back at fellow Democrats who reportedly are concerned about […]

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Nations at climate talks back universal emissions rules

Smoke billows from a chimney of the Solvay factory for production and processing of plastic materials, in Ospiate, near Milan, Italy, Friday, Dec. 14, 2018. The climate change conference, COP24, is closing today in Katowice, Poland. (AP Photo/Luca Bruno) Nearly 200 countries at the U.N. climate talks have agreed upon universal, transparent rules on how nations can cut greenhouse gas […]

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Up, down, back again: US stocks go on another dizzying ride

William Geier, Jr., left, and David O’Day work at the New York Stock Exchange, Tuesday, Dec. 11, 2018, in New York. Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute. (AP Photo/Mark Lennihan) U.S. stocks careened through another dizzying day Tuesday after indexes shot […]

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A Look Back at Tesla's Wild 2018

No other automaker — and few companies of any kind — get the amount of attention from investors that Tesla (NASDAQ: TSLA) receives. To fans, Tesla's charismatic CEO Elon Musk isn't just building great electric cars, he's inventing the future of transportation, energy, and space travel right before our eyes. Tesla's critics (of which there are many) have a different […]

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A Look Back at Walmart's Multibillion-Dollar Shopping Spree in 2018

Walmart (NYSE: WMT) has been defying critics of its digital strategy. Since its $3.3 billion purchase of Jet.com in 2016, the retailer's online sales have gone from practically nonexistent to a high-growth endeavor. Under the guidance of Jet.com founder Marc Lore, who now leads all of Walmart's domestic e-commerce operations, the company is showing no signs of slowing down in […]

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Shoppers Flock Back to Luxury Department Stores

A few years ago, falling mall traffic and a slump in tourist visits to the U.S. led to sales declines at America's leading luxury department stores: privately held Neiman Marcus and Hudson's Bay's (NASDAQOTH: HBAYF) Saks Fifth Avenue chain. However, tourists have started to return, the stock market surged in 2017, and economic growth has accelerated. As a result, well-heeled […]

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