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Browsing Category
Business
Alibaba Q2 2023 earnings for September quarter
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesChinese e-commerce giant Alibaba on Thursday reported quarterly profit that missed…
Walmart (WMT) earnings Q3 2024
Walmart store with gardening products for sale in Atchison, Kansas.Ucg | Universal Images Group | Getty ImagesWalmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.Here's what Wall Street expects…
Cisco (CSCO) Q1 earnings report 2024
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware…
The market thinks rates will come down a lot. It could be let down
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesMarkets seem to have taken this week's positive economic data as the all-clear signal for…
Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesWholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the…
TJX Companies (TJX) earnings Q3 2024
A Marshalls store in New YorkScott Mlyn | CNBCTJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant,…
Target (TGT) earnings Q3 2023
People exit a Target store in the Harlem neighborhood in Manhattan on September 28, 2023 in New York City.Spencer Platt | Getty ImagesTarget on Wednesday topped Wall Street's quarterly sales expectations and blew past earnings estimates, as…
Siemens Energy clinches state guarantees amid annual loss
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before…
Inflation flat from the prior month, core CPI at 2-year low
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.The consumer price index, which measures a broad basket of commonly used goods and…
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20,…
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card…
A customer shops at a Costco store in San Francisco on Oct. 2, 2023.Justin Sullivan | Getty ImagesThe consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core…
Shares of ed-tech company 2U plummet 57%
Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital…
FanDuel parent Flutter stock falls after disappointing earnings
FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot."We have a billion dollars…
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.Nurphoto | Getty ImagesBEIJING — Chinese startup Li Auto sold more cars than Tesla's China…
China’s SMIC posts a 80% drop in third-quarter profit
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China…
Unity (U) Q3 earnings report 2023
Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBCUnity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.Here's…
Trade Desk shares plunge about 30% after ad-tech company issues weak guidance
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts'…
SoftBank earnings Q2 FY 2023
SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation.Tomohiro Ohsumi | Getty ImagesSoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly…
company posts record half-year profit of $2.7 billion
Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021.Aaronp / Bauer-Griffin | GC Images | Getty ImagesDUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year…
Rocket Lab (RKLB) Q3 earnings report
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022.Valerie Plesch | Bloomberg | Getty ImagesRocket Lab is pushing to get its launch…
Virgin Galactic (SPCE) Q3 earnings report
Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.Virgin GalacticVirgin Galactic plans to pause spaceflight operations next year to focus resources on…
Arm earnings report Q2 2024
Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023.Brendan Mcdermid | ReutersSemiconductor technology company Arm reported its first post-initial public offering earnings…
Polestar PSNY Q3 2023 earnings
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty…
Disney (DIS) earnings report Q4 2023
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesLOS…
Roblox (RBLX) Q3 earnings 2023
Rafael Henrique | Lightrocket | Getty ImagesShares of Roblox popped 12% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth.Here's how the company…
Planet Fitness shares surge as company raises revenue outlook
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021.Jessica Rinaldi | Boston Globe | Getty ImagesPlanet Fitness shares surged double digits after beating expectations on both…
Datadog earnings and guidance boost stock for best day yet
Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on Aug. 3, 2023.DatadogShares of cloud monitoring software firm Datadog soared 28% on Tuesday, their best day ever, after the company…
Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is…
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly."Because of some of the strangeness of this moment,…
Nintendo (NTDOY) earnings report Q2 2024
A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesNintendo reported better-than-expected sales and profit for its fiscal second…
Uber earnings report Q3 2023
CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported …