New home sales plunged in July as high prices and mortgage rates pushed buyers to think twice about closing the deal.
Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves.
Coinbase CEO says crypto exchange has ongoing plans to cut costs and is actively engaged with regulators
As crypto exchange Coinbase faces industry challenges and economic headwinds, the company is taking a close look at where it can cut costs, CEO Brian Armstrong told CNBC’s Kate Rooney.