Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices.
Schlagwort-Archiv: CNBC
Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record
Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing’s tech crackdown took their toll.
Gap shares tumble nearly 20% after retailer slashes profit guidance for the year
The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more
These are the stocks posting the largest moves before the bell.
As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles
As Klarna plans to lay off 10% of its workforce, rival fintech firms Revolut and Wise say they’re hiring for hundreds of open roles.
Dow rises almost 400 points as it seeks to break out of 8-week slump; retail shares gain
The Dow Jones Industrial Average and S&P 500 rose slightly Thursday, as Wall Street tried to rebound from a long string of weekly declines.
Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.
Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
Macy’s reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.
Here’s the best way to use a health savings account, which offers a triple-tax advantage
Health savings accounts can be a powerful way to build wealth and save for medical costs in old age, according to financial advisors.
Nvidia stock falls on light guidance, CFO says company will slow hiring
The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.