On Saturday, a strong late winter storm caused havoc on the East Coast, particularly in Pennsylvania, with drivers experiencing severely reduced visibility as winds blew snow across the roads. Speed l...
Tag: wholesale
EBay CEO outlines new digital wallet, storage facility as part of long-term strategy
It was a coming out of sorts for eBay Inc. CEO Jamie Iannone at the company’s investor day on Thursday. In his first meeting with analysts since taking over the top spot at eBay EBAY, -4.39% nearly tw...
JD.com Stock Falls After Earnings Top Estimates but Revenue Growth Slows
Text size A JD.com distribution center in Beijing. Greg Baker/AFP via Getty Images Shares of JD.com fell in premarket trading Thursday after the Chinese e-commerce giant reported fourth-quarter earnin...
Chewy Co-Founder Ryan Cohen Takes Large Stake in Bed Bath & Beyond, Pushes for Changes
Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., CHWY 2.91% has a big stake in Bed Bath & Beyond Inc. BBBY -3.40% and is pushing the housewares retailer to stream...
Costco stock falls as retailer’s sales pace slows
Costco Wholesale Corp. late Thursday reported quarterly results and sales that topped Wall Street expectations, but the stock headed lower as same-store sales growth slowed. Costco COST, +0.96% said i...
BJ’s Wholesale stock opened 15% down on Thursday: explained here
BJ’s Wholesale Club Holdings Inc (NYSE: BJ) stock is down 15% on Thursday after the retailer said its Q4 revenue and comparable sales came in shy of Street estimates. Its guidance was also unimp...
Best Buy Stock: Earnings Reveal Tough Christmas Quarter. Company Raises Dividend.
Text size Best Buy is contending with short-term headwinds, but the electronics retailer is expecting business to pick up by fiscal 2025. Scott Olson/Getty Images Best Buy stock rose Thursday despite ...
Zoom, Salesforce, Target, Costco, and Other Stocks for Investors to Watch This Week
U.S. stock and bond markets will have plenty of action on the last day of February with earnings from HP Inc., Lucid Group, and stay-at-home play Zoom Video Communications expected on Monday. Earnings...
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
Alibaba’s Earnings Are Today. What to Expect.
Text size Alibaba investors had it tough in 2021. So far, 2022 is shaping up to be better. Greg Baker/AFP via Getty Images Earnings from Alibaba will be closely watched by investors after a tumultuou...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...
Intel Is Still Struggling. Here’s Another Way to Play Chips.
Text size Intel stock was downgraded by Morgan Stanley. Courtesy Intel Corporation Shares of Intel and GlobalFoundries went in opposite directions Thursday after analysts at Morgan Stanley downgraded ...