A conversation on the latest market-moving news.
Schlagwort-Archiv: Financial
Companies are making bold promises about greater diversity, but there’s a long way to go
Investors will hold U.S. companies accountable to diversify and be representative of the country at large.
Starbucks says it lost $3 billion in revenue in latest quarter due to coronavirus pandemic
Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the pandemic.
U.S. pressure could accelerate growth for markets in Greater China
While U.S. authorities put pressure on Chinese assets, investors remain intent on chasing opportunities in the world’s second-largest economy.
Tiffany says same-store sales fell 44%, LVMH deal clearing regulatory hurdles
The U.S. jewelry maker said Tuesday in an earnings release that its same-store sales were down about 44% in the fiscal first quarter, but said demand has picked up again in China.
Macy’s stock rally collapses, shares tumble after company warns ‚gradual‘ recovery ahead
During a virtual fireside chat with Cowen & Co. analyst Oliver Chen, Macy’s Chief Financial Officer Felicia Williams said the company does not expect sales trends to normalize until 2021 or possibly 2022.
Stitch Fix sales fell 9% as coronavirus delayed orders, sees sales growth ahead as backlog clears
Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss.
Slack shares close down more than 14% after earnings show far slower growth than Zoom
Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.