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Dick’s Sporting Goods (DKS) is riding a great deal of momentum into the all-important holiday shopping season.  And there is more behind it than a second quarter that included stimulus checks to many U.S. households.  Investors could boil the company’s much-better-than-expected quarter on Wednesday to several factors: 1) more outdoor-minded athletes have been formed during the pandemic; 2) Dick’s stores are becoming better places to shop amid investments in upgraded shopper experiences; and… Source link

The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. REUTERS/Rick Wilking/File Photo Aug 25 (Reuters) – Google will tap Samsung Electronics Co Ltd (005930.KS) to supply the 5G modem for its next flagship Pixel smart phone, sources familiar with the matter told Reuters, signaling the first win for the Korean firm in a U.S. market dominated by Qualcomm Inc (QCOM.O). Earlier this month, Google disclosed that it has… Source link

New weekly jobless claims are expected to hover near their lowest level since March 2020, underscoring the sustained improvement in the labor market despite ongoing concerns over the Delta variant and worker shortages.  The Labor Department is set to release its weekly jobless claims report on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended August 21: 350,000 expected… Source link

Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win outcomes.  But that predictability has evaporated as the Chinese government cracks down on the business operations of Didi (DIDI) and other big tech players in the country, says Chambers.  As a result of this new… Source link

The complete lockdown of Vietnam, a key apparel exporting country, due to spiking COVID-19 infections could be about to wreak havoc on shoppers. “Vietnam is completely locked right now, it will be locked another either one week or two weeks, and hopefully, then it will be unlocked, and we will air it in and try to get it in as quickly as possible. But in categories like dresses, we have a lot on order and some of our bottoms are on order from Vietnam and we’re starting to break sizes and… Source link

Billionaire “Bond King” Jeffrey Gundlach says the stimulus and the Federal Reserve’s low interest rates have “been a very deep punch bowl spiked pretty heavily with 100-proof liquor,” and “once this party ends, the hangover is going to be in the form of a sharp drop in economic growth.” Gundlach, the founder and CEO of $137 billion DoubleLine Capital, explained that the economic picture in the U.S. is “very hard to divine” because of the government’s intervention. “It’s like pushing on like a… Source link

Google Docs, getting smarter. Igor Golovniov/SOPA Images/LightRocket via Getty Images Google is… Source link

My friend (and occasional writer for The Verge) JR Raphael has a newsletter in which he recently wrote about cleaning up your Google Contacts list by deleting old and no-longer-wanted entries. What a good idea, I thought. But. Unfortunately, I am something of a hoarder when it comes to contacts. After years as a tech journalist, I have who-knows-how-many business contact listings, many of which are completely out of date. But although it’s likely that a lot of these people have moved… Source link

In this photo illustration, a Verizon Media logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo hasn’t informed Verizon Media leadership, including Chief Executive Guru Gowrappan, of their new roles at the company… Source link

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on Wednesday (25 August) a landmark bill to prevent Google and Apple from charging software developers’ commissions on in-app purchases, the first of its kind in the world. The final vote by all members of… Source link