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  • Yahoo Finance's Morning Rundown

    Top headlines for the morning of August 24

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  • Sears to shutter another 28 locations, as same-store sales tumble 11.5%
    Business
    CNBC.com36 minutes ago

    Sears to shutter another 28 locations, as same-store sales tumble 11.5%

    Sears reported a double-digit decline in comparable sales for the second quarter, citing a "retail environment [that] remained challenging, with continued softness in store traffic and elevated price competition." The department store chain also announced on Thursday that it will be closing an additional 28 Kmart stores this year. This is in addition to the 180 Sears and Kmart stores that have already been shuttered this year, and the 150 stores that are slated to be closed by the end of the third quarter. In an attempt to return to profitability, Sears has been trimming its real estate portfolio, cutting costs and seeking additional liquidity. Sears is attempting this turnaround as other department

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  • Stock Futures Edge Higher as Central Bankers Head to Jackson Hole
    Business
    The Street11 minutes ago

    Stock Futures Edge Higher as Central Bankers Head to Jackson Hole

    Stock futures moved slightly higher on Thursday, Aug. 24, as central bankers and policymakers headed to a three-day economic summit.  Dow Jones Industrial Average futures were up 0.13% and S&P 500 futures gained 0.08%, while Nasdaq futures added 0.21%. Central bankers convened in Jackson Hole, Wyoming, for the highly anticipated annual Economic Policy Symposium. The event runs from Thursday to Saturday, Aug. 26, with speeches from Federal Reserve Chair Janet Yellen and her European counterpart Mario Draghi, European Central Bank president, on Friday, Aug. 25, to be of particular interest. Draghi will speak just two weeks before the ECB's meeting on Sept. 7, and Yellen more than three weeks from

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  • News
    Yahoo Finance22 hours ago

    The most and least valuable college majors — is yours on the list?

    If you want to pick a major that pays big, consider the STEM fields — science, technology, engineering and math. According to a new study by The Cashlorette, people who majored in STEM subjects earned the most and had the best employment opportunities. All of the top ten most valuable degrees were granted to STEM majors, and and four out of the top five most valuable majors were in the engineering field.

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