Reaction to the death of soul icon Aretha Franklin, who died Thursday: “Through her compositions and unmatched musicianship, Aretha helped define the American experience. In her voice, we could feel … …read more […]
Ethereum co-founder Vitalik Buterin tweeted out a photo of what appeared to be a job offer from Google earlier this year. Many speculated that Google was attempting to hire Buterin for a secret cryptocurrency project. In May, the founder of cryptocurrency project Etherum, Vitalik Buterin, asked on Twitter if he should quit ethereum to work for Google. …read more […]
Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world’s largest retailer is known for its sprawling stores, a factor that could have worked against it as shoppers migrate online. Walmart has also overhauled its website and worked to use physical locations as distribution points for online orders of groceries and other goods, helping retain buyers who increasingly expect quick, cheap shipping. …read more […]
“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 […]
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 […]
With the CFO on his way out, now may be a good time for the company to change the way it raises capital. …read more […]
Pfizer’s shares have been heating up, but now isn’t the time to take profits. Here’s why. …read more […]
Jack Dorsey doubled down on his criticism of Facebook and YouTube for removing Infowars host Alex Jones. In a new interview with NBC News, the Twitter CEO said his peers had been “inconsistent” in their handling of Jones. …read more […]
Don’t underestimate just how big of a deal Constellation’s expanded investment in Canopy is. …read more […]
Berkshire Hathaway often stays away from healthcare stocks, but that’s not the case with this stock. …read more […]
The head of Boeing Co.’s 737 jetliner program and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. “Earlier this year Scott came to me expressing his desire to retire and spend more time with his family, and I asked him to stay on for a bit longer,” Kevin McAllister, who heads Boeing’s commercial airplane division, said in a memo to employees. …read more […]
Expanding markets and increased consumer acceptance drive the service’s growth. …read more […]
Intel’s second-largest business delivered a phenomenal financial performance in Q2. …read more […]
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