Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday.
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country’s banks were healthy and signaling it could ride out a row with the United States.
J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss.
U.S. stocks rose in a broad-based rally on Thursday, helped by robust earnings from Walmart and Cisco and easing trade worries after China and the United States said they would hold talks later this month.
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country’s banks were healthy and signalling it could ride out a row with the United States.
J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss.
Tesla Inc is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker’s California facility.
Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle the worst currency crisis the country has suffered since 2001.
“We took necessary actions to mark down and clear excessive inventory positions across many of our categories, which encompasses more than just seasonal product or fashion misses,” Chief Financial Officer Jeffrey Davis said. The poor results and cut in its annual forecast highlighted the struggles of brick-and-mortar retailers in attracting shoppers amid lower demand for apparel and cut-throat competition from Amazon.com Inc and other online players. Earlier this year, Penney said it was “still playing catch-up” in certain areas, and that fixing its women’s apparel business was its top priority. …read more […]
Walmart (WMT) earnings and sales grow year over year and beat the Zacks Consensus Estimate. U.S. e-commerce sales surge 40%. …read more […]
Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company’s shares soared over 10 percent in early trade. The world’s largest retailer also raised its sales and earnings outlook for the full year, excluding any impact from its acquisition of Indian e-commerce company Flipkart, which it is still in the process of closing. Walmart’s U.S. comparable sales grew the most in a decade, boosted by strong performance in grocery, apparel and seasonal merchandise, which rebounded in the second quarter after …read more […]
Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company’s shares soared over 10 percent in early trade.
U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold talks with the United States later this month.
Johnson & Johnson (JNJ) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues. …read more […]
Turkish President Tayyip Erdogan and French President Emmanuel Macron spoke by phone on Thursday and stressed the importance of developing economic and trade ties and boosting bilateral investment, a Turkish presidential source said.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
