Gap Inc cut its full-year earnings forecast and reported a bigger-than-expected drop in same-store sales, especially at its Gap brand outlets, on Thursday, sending its shares down over 11% after hours.
Uber Technologies Inc reported a $1 billion loss and a 20 percent rise in revenue in its first quarterly report as a public company on Thursday, posting results in line with its forecasts that underscored the challenges the ride-hailing service faces to become profitable one day.
Dell Technologies Inc reported a 3% rise in first-quarter revenue on Thursday, as more customers upgraded their systems ahead of Microsoft’s planned phase out of Windows 7 and strong performance in its VMware Inc unit.
U.S. stocks showed signs of stabilizing on Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming global growth.
NBCUniversal and WarnerMedia on Thursday joined a wave of U.S. media companies, including Walt Disney Co, saying they will reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect.
U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth.
Comcast Corp’s NBCUniversal said if anti-abortion laws in various U.S. states are upheld, it would “strongly impact” where it produces films and television shows in the future.
General Electric Co’s chief executive said on Thursday he was “really stunned” to learn that a major factory had only recently started using lean manufacturing techniques.
Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.
General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20% over the next two years as it tries to become leaner.
WarnerMedia on Thursday became the third major U.S. media company to say it would reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect, following Walt Disney Co and Netflix.
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.
Oil prices fell over 3% to their lowest in two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.
Juul Labs Inc is considering opening retail stores in the United States, a source familiar with the matter said on Thursday, a move that would help the controversial company cash in on the booming popularity of its e-cigarettes.
U.S. stocks inched higher for the first time this week on Thursday, as President Donald Trump said trade talks with China were going well, offering a glimmer of hope to markets roiled by worries that a protracted dispute would slow global growth.
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