Macy’s Sales Plunge, Results Mixed
On Thursday, Macy’s posted sales that plunged for its most recent quarter, but tight inventory controls were able to give a boost to profit margins,…
Headlines
Alcohol Risk Cited by Cancer Doctors
The American Society of Clinical Oncology, an association that represents many of the top cancer doctors in the country, is bringing to the attention of…
Altice Enters Wireless Business in U.S. with Sprint
Altice USA has reached an agreement with Sprint Corp that allows the cable operator to sell a wireless service through Sprint’s network. Included in the…
Starbucks Revenue Misses, Selling Tazo Tea
Starbucks revenue missed expectations of analysts when posted Thursday which sent shares down over 3%. The miss on revenue shows the café chain based in…
Earnings at Shopify Beat, But Investors Not Reassured
Shares of Shopify the Canadian e-commerce company fell Tuesday despite earnings that were better than had been expected, as concerns over future growth and a…
HSBC Posts Profit Before Taxes of $4.6 Billion
The largest bank in Europe HSBC announced on Monday that its profit before taxes had risen 448% year on year in the quarter that ended…
Alphabet’s Revenue from Mobile Ads Soars
On Thursday, Alphabet Inc. reported advertising sales that were stronger than was expected as well as higher operating margins, helping to boost its stock as…
Boeing Earnings Beat the Street, Raises Guidance for Full Year
On Wednesday, Boeing posted its earnings for the third quarter before the opening bell on Wall Street. Shares of the airplane maker were up over…
Tesla to Build Plant in China
Tesla has moved closer to being the first foreign automaker to have a manufacturing operation that is wholly owned in China. This deal could put…
Daimler Sees Profit Hit by Diesel Emissions Recall Costs
On Friday, automaker Daimler, based in Germany, said that net profit was down 16% during the third quarter, as the costs of a voluntary recall…