Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
admin Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the…
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U.S. pending home sales fall 4% in November to the lowest level since April 2020
The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly…
Read More5 things not to buy in 2023
It’s been a year of contradictions. The recession drum beats on, interest rates are rising,…
Read MoreU.S. new home sales rose in November by 5.8%
The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in…
Read MoreMicron sales dive nearly 50%, and decline is expected to get worse as layoffs planned
Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that…
Read MoreU.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09…
Read MoreFedEx expects to cut costs by an extra $1 billion as earnings beat but sales come up well short of target
FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs…
Read MoreNike destroys earnings and sales expectations, stock gains
Nike Inc.’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported…
Read MoreOracle stock rises as earnings and revenue beat, but forecast is still to come
Oracle Corp. topped Wall Street’s expectations for profit and revenue in its most recent quarter,…
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Online holiday sales top $210 billion, beating expectations
Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking…
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