Walmart WMT stock hits all time high
Walmart WMT stock hits all time high
Shares of touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer's stock hit a peak of $166...
2023-11-06 09:32:29
Astra defaults on debt agreement, may not be able to raise needed cash
Astra defaults on debt agreement, may not be able to raise needed cash
Struggling space company disclosed in a late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed to meet minimum cash reserve requirements associated w...
2023-11-06 09:32:23
<b>Tesla, Toyota in UAW’s sights for organizing after Big 3 wins</b>
Tesla, Toyota in UAW’s sights for organizing after Big 3 wins
DETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from the Detroit automakers to , and other non-unionized automakers operating in the U.S. The outspoken leader plans to use record contracts recently wo...
2023-11-06 09:32:17
<b>DraftKings earnings: Sports betting, online casino fuel revenue growth</b>
DraftKings earnings: Sports betting, online casino fuel revenue growth
The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive. , which reported quarterly that...
2023-11-06 09:32:10
Marlboro maker Altria (MO) earnings Q3 2023
Marlboro maker Altria (MO) earnings Q3 2023
, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street's expectations as demand for its core cigarette business cools and illicit e-vapor...
2023-11-01 09:54:00
<b>Holiday shopping: High credit card interest rates carry risks</b>
Holiday shopping: High credit card interest rates carry risks
Shoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the Christmas tree could hide a challenge for retailers: rising credit card balances and what that may mean when t...
2023-11-01 09:53:53
<b>Ford Motor (F) earnings Q3 2023</b>
Ford Motor (F) earnings Q3 2023
DETROIT — on Thursday missed Wall Street's third-quarter earnings expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion. Share...
2023-11-01 09:53:46
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Chipotle Mexican Grill (CMG) Q3 2023 earnings
on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 2% in extended trading. Here's what the company reported compared with what Wall S...
2023-11-01 09:53:39
Ford will postpone about $12 billion in EV investment
Ford will postpone about $12 billion in EV investment
said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it's postponing about $12 billion in planned spending on new E...
2023-11-01 09:53:33
<b>Retailers lobby Congress to pass Combating Organized Retail Crime Act</b>
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Organized retail crime is different from shoplifting. The NRF defines it as "the large-scale theft of retail merchandise with the intent to resell the items for financial gain." It usually involves multiple people who steal large amounts of...
2023-11-01 09:53:27
<b>How Innovation Refunds cashed in on the Employee Retention Credit</b>
How Innovation Refunds cashed in on the Employee Retention Credit
Innovation Refunds does not, however, make the final decision on eligibility for the credit or determine how much money a business should receive. For this, it says it contracts independent tax attorneys and professionals. Some former emplo...
2023-11-01 09:53:20
Shein to sell co-branded Forever 21 clothes online
Shein to sell co-branded Forever 21 clothes online
Shein is deepening its relationship with a former U.S. rival as it aims to sanitize its reputation ahead of a possible IPO in 2024. The e-commerce giant is slated to unveil a co-branded clothing line with Forever 21 after the two retailers...
2023-11-01 09:53:14
Supermarket regional bank branches closing at higher rates
Supermarket regional bank branches closing at higher rates
American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry's profit squeeze and customers' migration to digital channels. Banks closed 10.7% of their in...
2023-11-01 09:53:07
Jamie Dimon to sell 1 million shares of JPMorgan
Jamie Dimon to sell 1 million shares of JPMorgan
In this article CEO will begin to sell one million shares of the bank he runs next year, the company said Friday in a . The plan sparked concern that Dimon, 67, could be contemplating retirement. Dimon is arguably the country's top banker....
2023-11-01 09:53:00
Ford F shares fall after Q3 earnings on EV costs, UAW
Ford F shares fall after Q3 earnings on EV costs, UAW
Shares of traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for its electric vehicles was falling short of expectations. The stock closed down more than 12% on Friday. Ford reported i...
2023-11-01 09:52:54