Shares of Stanley Black & Decker Inc. tumbled 13.7% Thursday to lead S&P 500 decliners after the tool maker’s second-quarter earnings fell far short of estimates, it slashed its guidance and a...
Tag: consumer goods
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...
Solar Stocks Surge After Energy Bill Gets Backing From Sen. Manchin
Text size Sen. Joe Manchin said he supported a spending package that includes funding for energy and climate programs. Andreas Rentz/Getty Images Solar stocks were surging Thursday after Sen. Joe Manc...
Amazon Reports Earnings Today. What to Expect.
Text size Amazon Web Services, the company’s cloud computing arm, is expected to boost revenue 33% in the quarter from a year ago. Stefano Guidi/Getty Images Amazon ’s June quarter financial report is...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...
What I learned when I took a corporate job after 20 years of working for myself
When I was 30, I quit my job as a lawyer to become a freelance writer, following a dream I’d had since I was a kid. At the time, I had sold two articles to magazines (Cosmopolitan and Bride’s) and bui...
Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending
Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unea...
Microsoft’s Activision Deal Is Likely to Win Approval, Analyst Says
Text size Microsoft has said it plans to release Activision’s Call of Duty videogames on Sony’s PlayStation. Rich Polk/Getty Images for Activision Activision Blizzard stock continues to tr...
Intel to Help Make Chips for Taiwanese Designer MediaTek
Text size Intel will make chips for Taiwan-based MediaTek. Courtesy Intel Corporation Intel said Monday its technology would be used by Taiwan-based MediaTek to manufacture chips for smart devices....
NXP Semi Will Kick Off Earnings Season for Chip Stocks. What to Expect.
Text size Dreamstime NXP Semiconductors reports earnings on Monday, kicking off earnings season for chip stocks. But many investors and analysts are bracing themselves for muted results across the ind...
More Shoppers Buy Store Brands, Eating Into Big Food Companies’ Sales
Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with their own rising costs. Lower-cost oatmeal, pickles, granola bars...
Bed Bath & Beyond Followed a Winning Playbook—and Lost
Mark Tritton arrived at Bed Bath & Beyond in 2019 with a plan to revive the home-goods retailer and ward off competition from Amazon.com Inc., Target Corp. and other large chains: sell what nobody...
The Best Tech CEOs: What Matters Most
Text size Shopify CEO Tobi Lütke spent years programming before he co-founded the e-commerce software firm. He has said he knows how long projects will take—and which initiatives to choose—because of ...
Chip stocks rally despite an ominous forecast, as U.S. semiconductor funding bill advances in Senate
Chip stocks rallied to finish higher Wednesday after the Senate moved closer to greenlighting more than $50 billion in funds for U.S.-based chip manufacturing, even as one chip-equipment maker gave an...
Senate Votes on Chips Act Today. What It Means for Intel and Other Stocks.
Text size The Senate votes Tuesday on a bill that would authorize more than $50 billion in subsidies and tax credits for U.S. chip makers. Tim Herman/Intel Corporation Semiconductor stocks rose Tuesda...
Toys Are Staples, Making Mattel a Buy in a Recession, Says Analyst
Shares of Mattel rose this past Monday, but fell for the week, after an upgrade from Goldman Sachs analyst Michael Ng, who argued that the toy maker had the ability to navigate economic uncertainties....
The Wing CEO Exits After Five Months in Top Job
The chief executive of women-focused co-working company the Wing, Jen Cho, has left the company after fewer than six months in the role. Ms. Cho declined to comment on her reasons for leaving the comp...
Opinion: Which Intel CEO is to blame for the current woes? Or is it actually AMD’s CEO?
As Intel Corp. investors try to parse through the wreckage of its disastrous second quarter, one nagging question will not go away: Which chief executive is to blame for the debacle — current CEO Pat ...