Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Gap Inc. is cutting about 500 corporate jobs as the clothing retailer struggles with declining sales. T...
Tag: Corporate
Nvidia says it’s in a ‘really good place’ for Lovelace gaming-card launch, but at what price?
Nvidia Corp. told Wall Street analysts Tuesday that the launch of its next generation of gaming cards is well positioned, but one analyst questioned whether the higher-than-expected prices would weath...
Tellurian Stock Sinks on Withdrawal of Bond Sale for LNG Project
Text size Tellurian said it withdrew the bond deal “due to uncertain conditions in the high-yield market.” Spencer Platt/Getty Images Tellurian shares were tumbling Tuesday after the natur...
Ford’s Big Earnings Warning Is Really Good News. Just Ask Wall Street.
Text size There is a silver lining in Ford’s ugly update for the third quarter of 2022. Leon Neal/Getty Images Ford Motor said a lack of parts and inflation would leave it with a third- quarter ...
There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist
Ahead of that, stocks are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, -1.99% profit caution last week. The dollar and cash have been among the most popular havens for ...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Berkshire Looks Like a Loser with 3 Big Buys
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Why Alibaba Stock Is an Exception to Goldman’s US Market Preference
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton
Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in ...
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...
AMD and Intel Say PC Demand Is ‘Getting Worse.’ That’s Bad News for Chip Stocks.
Text size Intel headquarters in Santa Clara, Calif. David Paul Morris/Bloomberg So much for the vaunted second-half comeback. The two major computer-chip companies are now acknowledging PC demand is f...
Delta Looks to Improve Margins, Cut Debt as Travel Rebounds
Dan Janki, the finance chief of Delta Air Lines Inc., had to navigate a host of pressures in his first year in the airline industry as travel demand remained below the levels seen before the Covid-19 ...
Big Regional Banks Might Face New Rules for Dealing With a Crisis
WASHINGTON—A group of President Biden-appointed bank regulators are considering new rules to require large regional banks to add to financial cushions that could be called on in times of crisis. The s...
China’s EV Startups Suffer Widening Losses Despite Sales Boom
Sept. 19, 2022 6:00 am ET Listen to article (2 minutes) HONG KONG—China’s electric-vehicle market is booming, but the country’s hottest EV startups are seeing losses grow even as sales rise. Rising ba...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
A $2,000 Bonus for Opening a New Bank Account? Here’s the Deal With It.
High-yield savings accounts are paying far more than they did last year. Alexey Poprugin/Dreamstime Text size High-yield savings accounts are now paying far more than they did last year — see the best...
China’s Factories Accelerate Robotics Push as Workforce Shrinks
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age populatio...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this ye...
Electric Vehicles Took Off. Car Makers Weren’t Ready
Sept. 18, 2022 10:04 am ET Listen to article (2 minutes) Auto makers racing to turn out electric vehicles have generated long wait lists. Now they must try not to disappoint customers like Louie Figue...
Why Adobe Wants Figma and Why Some Investors Are Worried
Sept. 18, 2022 10:00 am ET Listen to article (2 minutes) Adobe the low-key maker of digital tools to create PDFs and edit photos, pleased investors by reinventing itself as a subscription-software bus...
Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor
This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a bargain for those who can b...