Check out the companies making headlines before the bell: Walmart (WMT) – Walmart stock rose 2.9% in the premarket after the retail giant reported better-than-expected quarterly results. Walmart earne...
Tag: business news
Walmart (WMT) earnings Q4 2022
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart topped quarte...
Nestle CEO open to doing a ‘big deal’ after cutting L’Oreal stake
The CEO of Swiss food and beverage giant Nestle has said it would be open to doing a “big deal” as it reasserts its growth strategy after cutting its stake in French cosmetics business L&#...
Amazon and Visa reach global truce over credit card fees
Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Amazon has reached a global agreement with Visa to settle a dispute over the credit card giant’s fees. The deal mean...
Insider tips on visiting French wineries beyond Bordeaux and Burgundy
More wineries in France are opening to visitors, said a French wine tourism expert. Of France’s 87,000 wineries, only 13% were open to the public five years ago, said Martin Lhuillier, head of...
Airbnb CEO Brian Chesky on Covid impact on long-term bookings
More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky. “The pandemic has untethered millions of peop...
FAA chief Steve Dickson announces resignation midway through term
Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., May 15, 2019. St...
Global investors buy more mainland Chinese stocks
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Monday, Feb. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — International investor...
Hasbro activist wants toy company to spin-off Wizards of the Coast
An activist investor wants to add new members to Hasbro’s board and is urging the toy company to make changes to its current business strategy, including spinning off its lucrative Wizards of th...
Minutes show Fed ready to raise rates, shrink balance sheet soon
Federal Reserve officials set plans into motion at their most recent meeting to begin raising interest rates and shed the trillions of dollars in bonds on the central bank balance sheet, according to ...
Stock futures are little changed as investors weigh earnings, Fed and geopolitics
Traders work on the floor of the New York Stock Exchange (NYSE) on February 16, 2022 in New York City. Spencer Platt | Getty Images Stock futures were little changed in overnight trading as investors ...
Cisco, DoorDash, Fastly and more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — D...
Biden administration has close eye on private equity, other ‘alternative’ investments
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images The Biden administration i...
Green hydrogen demo that will use offshore wind planned for North Sea
No-Mad | iStock | Getty Images German power firm RWE has signed an agreement with Neptune Energy to develop a green hydrogen demonstration project in the Dutch North Sea, targeting an electrolyzer cap...
Cramer says many companies aren’t ready for a post-Covid pandemic world
Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’...
Builders are waiting months to get cabinets and garage doors
A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuil...
Roblox, Shopify, Upstart and more
In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Check out the companies making headlines in midday trading...
A $45 billion credit fund manager says the Fed is ‘way, way, way behind the curve’ on inflation
(Click here to subscribe to the new Delivering Alpha newsletter.) Lawrence Golub helms one of the largest private credit shops in the alternative finance space. His eponymous firm, Golub Capital, has ...
CDC wants to give people a break from wearing masks as pandemic improves, director says
Dr. Rochelle Walensky, director of Centers for Disease Control and Prevention testifies during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the ...
Restauranteur says he spends around $750,000 on security to deal with unruly diners
Cameron Mitchell, chief executive of Cameron Mitchell Restaurants, told CNBC on Wednesday that unruly diners have cost his business $750,000 a year, on top of supply chain snarls and rising inflation ...
Fed up with rise in thefts and shoplifting, small biz owners take action
They are brazen, aggressive and seemingly acting without a care in the world. Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Fr...
Bank of America CEO Brian Moynihan says U.S. consumer spending ‘very strong’ in February
Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Ge...
Walmart’s earnings may signal if shoppers getting spooked by inflation
When Walmart reports quarterly earnings Thursday, investors will scour sales numbers and executives’ comments for clues about whether rising prices are making shoppers skittish. The retail giant...
Retail sales January 2022:
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department reported Wednesday. Retail sales for the month rose ...
Generac, Shopify, La-Z-Boy and others
Check out the companies making headlines before the bell: Generac (GNRC) – The maker of generators and power equipment saw its stock rise 2.6% in the premarket after beating top and bottom-line estima...
The average size of a new mortgage just set a record
A couple look at houses for sale in the window of William H. Brown estate agents. Getty Images Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mor...
Singapore to waive quarantine for all vaccinated travelers post-omicron
The transit hall of Changi International Airport in Singapore on Jan. 12, 2022. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore intends to allow vaccinated visitors from all countries to skip...
Moderna CEO says it’s ‘reasonable’ to think pandemic may be in its final stages
Moderna’s CEO Stephane Bancel said it’s “reasonable” to assume that we may be approaching the final stages of the pandemic. “I think that is a reasonable scenario,”...