Trading in Bed Bath & Beyond stock was halted on Thursday after the company said it had triggered “certain events of default” earlier this month. Bed Bath (ticker: BBBY ) said that happened around...
Tag: Corporate
Mobileye Stock Gains After Blow-Out Earnings Show Growth in Self-Driving Cars
Car owners who want their vehicles to drive them around have been burned by years of overpromising by the auto industry. There are no truly self-driving cars. Autonomous-driving technology is getting ...
Curaleaf cutting 10% of staff as it exits three U.S. states
This story has been updated to provide correct figures for the number of states Curaleaf operates in; also the number of total employees at the company. Curaleaf said Thursday it has reduced its staff...
This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows.
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX, +0.40% has gained 5% this year, and the tech-h...
IBM Earnings Top Expectations. Its Stock Is Falling.
IBM turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook o...
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
Diageo sees 9.4% jump in organic net sales for first half as prices rise
Diageo PLC UK:DGE said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout. The Lond...
STMicroelectronics revenue, profit jump on automotive, microcontrollers strength
STMicroelectronics NV on Thursday posted a surge in revenue and profit for the fourth quarter led by growth at its automotive and microcontrollers divisions. The European chip maker STM IT:STM said ne...
IBM posts biggest annual sales increase in more than a decade, announces layoffs
International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Exe...
Who Makes Abrams M1 Tanks? What to Know About General Dynamics.
As the Ukraine-Russia war continues, the U.S. has decided to send 31 advanced Abrams tanks to Ukraine. That military staple comes from American aerospace and defense giant General Dynamics which repor...
The Carbon Credit Market Confuses The Corporate World
AUSTRALIA – FEBRUARY 27: The Mossman River in the Daintree Rainforest, Queensland, Australia. … [+] (Photo by Tim Graham/Getty Images) Tim Graham/Getty Images Many of the carbon credits us...
A US research firm has accused Adani of pulling “the largest con in corporate history”
A US-based financial forensic firm has alleged that India’s Adani Group, led by the world’s third-richest person Gautam Adani, is involved in a massive and “brazen stock manipulation” and “accounting ...
AT&T Throws Off Cash as Earnings Top Expectations
AT&T ‘s fourth-quarter earnings beat Wall Street’s estimates. A key metric for the wireless company also came in higher than expected. For AT&T (ticker: T), the driver this earnings season is...
Microsoft, Texas Instruments, Tesla, Intuitive Surgical, and More Market Movers
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Boeing Reports Earnings Wednesday. What to Expect.
Text size Boeing investors are looking for improvement in sales, earnings and free cash flow in 2023. Logan Cyrus/Getty Images Boeing investors have endured a lot of bad news over the past few years. ...
ASML Profit Tops Expectations. It Sees a Chip Market Rebound.
ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, a...
EasyJet expects higher 2023 profit as booking strength continues
EasyJet PLC said Wednesday that it expects to beat fiscal 2023 market consensus for pretax profit after first-quarter revenue rose, and that booking strength continues across the second quarter and in...
ASML reports forecast beating profit of $1.96 billion on higher sales
ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment....
Opinion: Microsoft gave Wall Street hope, but then the cloud forecast turned dark
Microsoft Corp. sparked a relief rally for the cloud Tuesday, then rained on that parade after less than two hours of joy. Microsoft MSFT reported slightly disappointing holiday-quarter results, but t...
Opinion: 6 cheap stocks that famed value-fund manager Bill Nygren says can help you beat the market
These are tricky times in the stock market, so it pays to look to the best stock-fund managers for guidance on how to behave now. Veteran value investor Bill Nygren belongs in this camp, because the O...