Text size Lowe’s relies more on do-it-yourselfers than Home Depot. Mario Tama / Getty Images Lowe’s earnings topped estimates, but the stock fell regardless on Wednesday morning. The home-improvement retailer reported net earnings of $ 2.3 billion in its fiscal first quarter, ending April 29. On a per-share basis, earnings were $ 3.51, topping Wall … Read more
Text size Target earnings fall well short of analysts’ expectations. AFP via Getty Images Target stock was tanking after the retailer reported first-quarter adjusted earnings of $ 2.19 a share, well below analysts’ forecasts. It was not just the past quarter that is causing Target stock, down nearly 22%, to tumble. The retailer also said … Read more
Walmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs. The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday. .
It’s becoming quite clear that Elon Musk no longer wants to buy Twitter Inc., at least not at the price he negotiated. But Twitter should not walk away without at least $ 1 billion – and potentially much more – for the trouble. Musk’s bid for Twitter TWTR, + 2.49% has become one of the … Read more
Doximity Inc. shares plunged toward all-time lows in after-hours trading Tuesday, following an earnings report that projected an unexpected revenue decline in the current quarter. Doximity DOCS, + 2.36% executives forecast fiscal first-quarter revenue of $ 88.6 million to $ 89.6 million while reporting fourth-quarter sales of $ 93.7 million. Analysts on average expected first-quarter … Read more
Securities and Exchange Commission Chairman Gary Gensler reiterated his intention to bring cryptocurrency exchanges and lending platforms into its regulatory purview during a speech before the North American Securities Administrators Association Tuesday. “Over the past year, several bank executives have shared their personal concerns with me about the sheer number of depositors who have moved … Read more
Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport in Shanghai. Qilai Shen / Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines probably wasn’t caused by a plane malfunction. The Wall Street Journal, citing … Read more
US stocks were off early highs but remained in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited remarks by Fed Chairman Jerome Powell. How are stocks trading? The Dow Jones Industrial Average DJIA, + 0.84% remained up 185 points, or 0.6%, at 32,409 after rising 450 points … Read more
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the largest percentage of individual investors that were bearish … Read more
OMAHA, Neb. – Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $ 51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already … Read more