New look... Urban Outfitters dipped after its earnings report showed a slowdown in shoppers. But all the attention should've been on Nuuly. That's Urban's new clothing rental brand letting you try 6 pieces for $88/month. And, yes, Urban is copying startup Rent The Runway, minus the glam.
Whatever you're reading this on... is powered by microchips. And odds are Qualcomm made some of them (or its patents were involved). The San Diego chipmaker's shares have dropped 15% since a judge ruled that it cheated — Qualcomm's been acting like a monopoly by charging "excessive licensing fees." The punishment: Play nice and make more reasonable deals with smartphone-builders.
Cleanup on every aisle... First, ecommerce ruined everything. Now it's international politics. Department stores warned that new tariffs will force them to jack up prices on everything Made In China. Three big chains reported earnings (on the same day) and this is how bad it got for their stocks: