Tag: “Sector”

A private jet used by Tesla CEO Elon Musk has arrived in Beijing, according to a Reuters witness.

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard.

PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo.

Costco Wholesale‘s third-quarter earnings and sales fell short of expectations, sending the stock lower in after-hours trading.

Another earnings cycle brings another blunt call-out by outspoken furniture-hawking CEO Gary Friedman.

Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress — and has managed to significantly improve its margins, which sent shares surging in extended trading.

Workday WDAY stock is up sharply in late trading Thursday, after the provider of enterprise HR and financial software posted better than-expected results for the fiscal first quarter ended April 30.

For the past two years, sales at beauty-products and salon chain Ulta Beauty Inc. have ballooned, as the economy’s reopening from the pandemic — and the return to vacations, offices, restaurants and concerts — made presentability a bigger priority.

Shares of Snowflake Inc. sank nearly 13% in after-hours trading Wednesday after the data-software company topped expectations with its latest results but cut its outlook for the full year.

Dutch firm ASML and Taiwan’s TSMC, two of the world’s most important semiconductor firms, got a share price boost on Thursday after Nvidia’s earnings impressed investors.

Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year.

E.l.f. Beauty posted quarterly results that beat Wall Street expectations and provided strong guidance, showing no sign of slowing spending among its consumers.

Ralph Lauren Corp reported a surprise rise in fourth-quarter revenue on Thursday, as affluent U.S. shoppers snapped up its pricey sweaters and suits even as overall luxury spending cooled in the region.

Chanel sales in the United States, one of the luxury label’s top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thursday, adding to evidence that the post-pandemic spending splurge in the country has tapered off.

TUI said Thursday that it has extended the maturity of its existing credit lines of 2.7 billion euros ($2.90 billion) until July 2026.

Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 26% in extended trading.

Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, making formal a long-telegraphed spinoff.

Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround.