Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more
Tag: Earnings
Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday’s promising inflation report, as well Read more
J Sainsbury sees 2023 profit toward upper end of views on robust Christmas period
J Sainsbury PLC said Wednesday that it expects to deliver profits for fiscal 2023 toward the upper end of its current guidance following record trading during the Christmas period. The Read more
Bed Bath & Beyond’s Q3 earnings fall below estimates as loss widens and same-store sales fell 32%
Bed Bath & Beyond Inc. BBBY, +23.66% said Tuesday it had a net loss of $392.9 million, or $4.33 a share, for its fiscal third quarter to Nov. 26, wider Read more
Moderna, CureVac and Ocugen offer updates on COVID vaccines, while China cracks down on critics of government’s pandemic response
A flurry of announcements relating to COVID vaccines dominated headlines on the pandemic on Monday, with Moderna telling investors it expects to generate some $5 billion in sales in 2023. Read more
Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” Read more
Southwest sees flight cancellations costing up to $825 million
Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled in Read more
Online holiday sales top $210 billion, beating expectations
Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more