British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. In a trading update, Zilch, which competes with the likes of Klarna and Block in the buy now, pay later space,...
Steph Curry says he wants to be an NBA owner in the future
Four-time NBA Champion Steph Curry is already planning for life after basketball. The 10-time NBA All-Star spoke to CNBC's "Squawk on the Street" on Tuesday about the rest of his basketball career, his various businesses and goals for after his playing career ends. The 36-year-old Curry has a media...
Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week's upwardly revised level and lower than the...
Lululemon cuts guidance, misses sales estimates after botched product launch
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous...