Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.
Schlagwort-Archiv: CNBC
Peloton shares drop 23% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton’s shares plunged 23% after the company posted a wider-than-expected loss and churn that it blamed on its Bike seat recall and seasonality.
Foot Locker shares plunge more than 30% as it slashes guidance and blames ‚consumer softness‘
Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.
Stocks making the biggest moves premarket: Dick’s Sporting Goods, Fabrinet, Macy’s, AppLovin and more
These are the stocks posting the largest moves in early trading.
U.S. Commerce secretary set to visit China next week as high-level talks continue
U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday.
China’s Baidu reports 15% revenue growth, beating expectations
Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter.
Stocks making the biggest moves midday: Palo Alto Networks, Nvidia, Tesla, Marvell and more
These are the stocks posting the largest moves in midday trading.
If you found gold coins, meteorites or cash stuffed in a piano, the tax man wants a piece
Valuable discoveries happen more often than you might think. And they come with a tax bill.
Macy’s shares slide as retailer says consumers will be cautious the rest of the year
Macy’s topped adjusted earnings and sales estimates, but said revenue fell year over year and reiterated a cautious forecast.
Dick’s shares fall 24% as retailer slashes outlook over theft concerns
Dick’s Sporting Goods says it’s grappling with an uptick in retail theft that contributed to a 23% drop in profits, prompting it to slash its full year outlook.