Walmart Lifts Yearly Outlook as Shoppers Hunt for Bargains
Walmart Inc. raised its sales guidance for the full year, buoyed by consumers buying necessities and seeking…
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Flights, Hotels and Parks Are All Flashing Travel Warning Signs
Facing an uncertain outlook, consumers are getting choosier when booking vacations and holding out for…
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Bumble shares tank after dating firm slashes revenue outlook
Shares of Bumble Inc. plunged after the dating company slashed its annual revenue outlook, signaling…
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Match Group to Cut 6% of Staff Amid Activist Turnaround Push
Match Group Inc. said on Tuesday that it plans to cut 6% of its global staff as it shuts down livestreaming…
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Netflix Q2 Earnings Report | Bloomberg: The Close 7/18/2024 Fast-Forward to >>> 25:10
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the…
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Starbucks Suffers Record 11-Day Rout as Sales Concerns Build
Starbucks Corp. shares suffered a record run of losses as concern builds that sales trends at the coffee giant have cooled in recent weeks…
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Netflix Sees Stronger Second Half With Account-Sharing Curbs
Netflix Inc. will begin cracking down this quarter on US viewers who share someone else’s account, predicting plans to charge such customers will boost growth in the second half of the year. The company, which reported a lower-than-expected subscriber gain for the first quarter, has been testing ways to reduce account sharing in Latin America,…
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Carvana’s Tale of Debt and Losses Looks a Lot Like Old Hertz
Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. By the time the numbers hit shortly after the US market close, it was clear that optimism had been gravely misplaced. The online used-car dealer had lost almost $7,400 on every vehicle it sold in the quarter.…
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China Edutech Surge Lures Investors as US Melts Down
The rapid revival of Chinese education companies’ business is boosting investor appetite for the stocks that bore the brunt of Beijing’s yearlong regulatory crackdown. A bellwether of the sector, New Oriental Education & Technology Group Inc., has almost doubled in the past 30 days, turning itself from one of the worst-performing US-listed Chinese stocks since…
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Alibaba, Baidu Jump in US as China Vows Support for Tech
Chinese internet stocks jumped in US trading after a senior Communist Party official reaffirmed support for the industry, stoking optimism that regulators may ease a yearlong clampdown. The Nasdaq Golden Dragon China Index climbed 5.2% to its highest level in about two weeks. E-commerce giant Alibaba Group Holding Ltd. rose 6.4% while search engine operator…
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