TJX Companies has taken market share from competitors like Macy’s and Target as price-sensitive consumers look for a deal amid persistent inflation.
Schlagwort-Archiv: CNBC
Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy’s beat quarterly earnings expectations but it cut its sales forecast for the full year.
Target shares spike as profits rise, despite cautious sales outlook
The discounter’s sales rose as shoppers made more visits to Target’s stores and website.
Palo Alto Networks extends recent stock rally on solid earnings. It may be too much, too fast
The roughly 27% rally since Aug. 5 brings the stock just a few dollars shy of its record-high close of nearly $377 on Feb. 9.
How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
The IRA has had a transformative impact on U.S. manufacturing, according to the Rhodium Group.
Tuesday’s big stock stories: What’s likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV going into Tuesday after the S&P 500 and the Nasdaq Composite posted eight straight winning days.
‚Britain’s Bill Gates‘: Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
Mike Lynch was only recently cleared of fraud charges in a landmark trial. Now, in a shock turn of events, he’s gone missing after the sinking of a superyacht.
Lowe’s cuts full-year outlook as it expects weaker home improvement sales
Lowe’s said customers took on fewer discretionary home projects and unfavorable weather hurt sales of outdoor and seasonal items.
Palo Alto Networks finally gets back on track — delivering strong earnings and a promising outlook
After two rough quarters, Palo Alto reports the type of earnings we expect from one of the best cybersecurity companies in the world
U.S., China sign agreement to cooperate on financial stability
The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.