Tag: “Sector”

During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options.

C3.ai shares were trading sharply lower in premarket trading Thursday, the morning after the company provided a financial outlook for its April 2024 fiscal year that fell shy of Wall Street estimates.

Salesforce reported an earnings and revenue beat and lifted its full-year earnings guidance, but the stock dropped as much as 7% in extended trading as capital costs were higher than analysts expected.

Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down 14%.

Lucid Group said on Wednesday that it is raising about $3 billion through a new equity offering, with the majority coming from the Saudi fund that controls the luxury electric-vehicle maker.

Alibaba on Thursday began rolling out its ChatGPT-style technology as Chinese tech giants look to take a lead in the country’s artificial intelligence race.

Okta delivered a “beat-and-raise quarter” Wednesday, as the identity management software provider posted stronger-than-expected financial results for its fiscal first quarter, while boosting guidance for the January 2024 fiscal year.

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth.

Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending, sending its shares up 7% after hours.

Macy’s shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March.

Michael Kors parent Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading.

HP Inc. CEO Enrique Lores told CNBC’s Jim Cramer on Tuesday that artificial intelligence will fundamentally change the personal computer industry, especially his own company.

Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer’s shares down 24% before the opening bell.

Hewlett Packard Enterprise posted mixed results for its fiscal second quarter ended April 30, while slightly reducing guidance for the full year

Berkshire Hathaway owns just under 25% of Occidental Petroleum after buying about $275 million of stock in the big energy company during recent days, according to a regulatory filing late Tuesday.

Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market.

Σε ενημέρωση των δεδομένων ως προς τος σκέλος της πιστωτικής ανάλυσης των τεσσάρων συστημικών τραπεζών, προχώρησε η Moody’s, παραθέτοντας μια σειρά από πλεονεκτήματα και προκλήσεις που ανοίγονται γύρω από αυτές.

As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in.

Toyota Motor Corp’s global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.

Walgreens Boots Alliance Inc said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses.