Shares of Verizon Communications Inc. dove toward a 12-year low Friday, after Bloomberg reported that Amazon.com Inc. was in talks with the company and some other wireless carriers about offering services — possibly for free — to Prime members. The report also pushed AT&T Inc.’s stock T, -3.83% toward the lowest close in nearly eight…
Here are some of the biggest movers in premarket trading Friday: Stock gainers: MongoDB Inc. shares MDB, +0.06% roared more than 25% higher in premarket trading Friday after the database-software company blew away expectations with its earnings and forecast delivered after Thursday’s closing bell. Shares of Lululemon Athletica Inc. LULU, -1.08% rallied nearly 15% after…
Capri Holdings Ltd.’s stock erased early premarket gains to trade down 2% Wednesday, after the parent of the Michael Kors, Versace and Jimmy Choo brands swung to a loss in its fiscal fourth-quarter as revenue slid more than 10%. Revenue fell at all three brands, and the company CPRI highlighted a challenging environment in its…
The impact of organized retail crime has been a subtheme of earnings season in the retail sector, with BJ’s Wholesale Club Holdings Inc. CEO Bob Eddy the latest executive to weigh in on the issue. “Organized retail crime is definitely a thing,” he said, during a conference call to discuss the company’s first-quarter results Tuesday….
The debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy over the weekend contains many compromises for both Republicans and Democrats. Some may be harder to stomach than others. Chief among them: changes to the federal government’s Supplemental Nutrition Assistance Program, or food-stamp program. “The agreement prevents the worst possible crisis, a…
As a young figure skater, Emily Elizabeth Duong didn’t like the dress options available to her. So when she was still in high school, she started her first business: a skate dress line. “I was a competitive skater for 13 years, and as a teenager, I just wanted to do things my way,” she told…
I am married, but we are both different people, and I get the feeling my husband doesn’t even like me. He’s too tired to leave, and we don’t have anything but bills. He doesn’t have a driver’s license, and he won’t even go to court to pay his fines and get it back. He’s content…
Best Buy Co. BBY, +4.28% Chief Executive Corie Barry said last week she expected the downtrend in tech-product demand to bottom out soon, with a rebound in the second half of the year. Executives for chip maker Nvidia Corp. NVDA, +2.54% said their logjam of products that could not find buyers after a pandemic surge…
For many of us, the upcoming Memorial Day weekend is the unofficial start to the summer season. But we should never forget the true meaning of Memorial Day itself (Monday, May 29) — an occasion to honor those who died while serving their country. The national holiday traces its roots back to 1868, when a…
If you plan to barbecue this weekend, here’s some good news: You’ll get slightly more beef for your buck. However, unless you want to eat your burger plain, you’ll need to shell out more dough for condiments and buns. A new study from data-analysis company Datasembly found that barbecue staples are more expensive than they…
Entry-level hiring is slowing. Hiring for entry-level positions in the U.S is down 32% on the year in April for jobs that require a college degree and down 22% in April for jobs that do not require a college degree, according to a LinkedIn report released Monday. Hiring slowed across all industries in April. It…
Financial Literacy Month puts a spotlight on the financial knowledge Americans are supposed to know and often don’t. But what about financial knowledge that we think we know, but should reconsider? When it comes to money, we pick up lessons from a mish-mash of sources ranging from parents to TikTok videos to high school classes….
Zooey Deschanel wants to make sure you’re not mentally checked-out the next time you’re filling your shopping cart in stores or online. “The New Girl” star’s latest gig is an unscripted series that just dropped on the Warner Bros.-owned WBD, +3.16% streaming service formerly known as HBO Max (now Max) called “What Am I Eating?…
Amazon.com Inc. could post the lowest growth rate this year for its North American retail business in over two decades, but where some might see a worrisome slowdown, Evercore ISI analyst Mark Mahaney sees opportunity. The ability for Amazon AMZN, +1.65% to reignite revenue momentum across its business is one pillar of Mahaney’s bullish view…
Kneel to your king Wall Street. After forecasting record revenue backed by a “killer AI app,” Nvidia helped deliver a powerful performance for the Nasdaq COMP, +1.71% on Thursday. Indeed, thanks to that chip maker and a few other generals — Microsoft, Apple, Alphabet, etc.— tech is seemingly unstoppable: Top contributors to S&P 500 year-to-date…
Dear Quentin, My brother-in-law is being honored by an organization that provides medical assistance to children of families who can’t afford their treatments. I was included on the email invitation, and the ticket price is $375 per person. I feel that it is unfair to ask an individual to incur such an expense. I feel…
Here are some of the more prominent movers on Tuesday: Stock gainers: Lowe’s Companies Inc.’s stock LOW, +2.18% jumped 1.7% in afternoon trading, after the home improvement retailer beat fiscal first-quarter profit expectations. While same-store sales fell more than forecast, they outperformed rival Home Depot Inc. HD, +1.75%, and the lowered full-year profit guidance range…
LeBron James became the NBA’s all-time scoring leader this year, passing Kareem Abdul-Jabbar’s hallowed record that many thought would never be broken, and now says he is considering retiring from basketball. The potential end to James’s career has rekindled discussions over who is the best basketball player of all time. Is 38-year-old James the GOAT…
Canopy Growth Corp.’s U.S.-listed stock rose 7% Monday after the Canadian cannabis company outlined its latest steps to enter the U.S. market while complying with Nasdaq listing requirements. The company said it has filed a revised proxy statement with the U.S. Securities and Exchange Commission updating its strategy to accelerate entry to the U.S. cannabis…
Shares of Lowe’s Companies Inc. dropped Tuesday, after the home-improvement retailer beat fiscal first-quarter profit and sales expectations but cut its full-year outlook, citing lower demand for discretionary items. Net income for the quarter to May 5 was $2.26 billion, or $3.77 a share, after income of $2.33 billion, or $3.51 a share, in the…