Hundreds of investors are expected to take part in proceedings against crypto exchange Binance, seeking damages for money they lost during a major outage.
Schlagwort-Archiv: Markets
Kohl’s earnings top estimates, retailer raises forecast as higher foot traffic drives sales
Kohl’s said its higher forecast positions the department store to achieve many of its 2023 strategic goals this year, well ahead of plan.
Macy’s shares jump as earnings trounce estimates, retailer says it’s gaining new customers online
Macy’s also reinstated its dividend and said its board approved a $500 million stock buyback program.
Robinhood revenue doubles last quarter, but stock drops 8% after app warns trading is slowing
Robinhood reported second-quarter earnings after the bell on Wednesday, in its first report since going public.
Robinhood says dogecoin accounted for 62% of crypto revenue in Q2
Robinhood, which derives significant revenue from crypto trading, announced earnings on Wednesday for the first time since its IPO last month.
Nvidia beats earnings expectations, but cryptocurrency chip sales falter
Nvidia’s cryptocurrency chip product, CMP, had lower sales than the company predicted in May.
Walmart earnings top estimates, fueled by strong grocery sales and back-to-school spending
The discounter also sharpened its forecast for the year, saying it expects Walmart U.S. same-store sales to increase by 5% to 6%, excluding fuel.
Home Depot shares tumble despite earnings beat, retailer rang up fewer customers as DIY trends weaken
Home Depot’s same-store sales came in slightly short of Wall Street estimates, as fewer people visited its shops to buy items for do-it-yourself projects.
Chinese electric scooter company Niu shakes off pandemic slump and predicts strong sales ahead
Niu said Monday that revenue grew by 46.5% in the second quarter, and forecast it would grow at about the same pace — or better — in the third quarter.
Retailers begin reporting this week, but the delta variant is a big wild card
Big retailers get their time to shine as they report earnings this week. The question is whether they can maintain momentum through the rest of 2021.