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…
Read articleStarbucks Corp. shares suffered a record run of losses as concern builds that sales trends at the coffee giant have cooled in recent weeks…
Read articleNetflix 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,…
Read articleShares 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.…
Read articleChinese 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…
Read articleHertz Global Holdings Inc. reported a profit of 87 cents a share, beating analyst estimates of 80 cents amid a rebound in leisure trips, but investors remain wary of the slow return of corporate travel and sustainability of pricing gains. Hertz, which emerged from bankruptcy in October, said first-quarter revenue of $1.8 billion was up…
Read articleShares of Chinese video-game makers and live-streaming platforms rallied on Monday, after China approved the first batch of new video game licenses since July.
Read articleDillard’s Inc., the 83-year-old department store, has soared 417% this year, and it’s thanks in part to its ability to manage a global supply chain snafu amid a jump in customer demand. Dillard’s gained as much as 23% on Thursday to a record $364.08 after quarterly results blew estimates out of the water. The company’s…
Read articleWalmart Inc. shares jumped after the retailer posted strong quarterly sales growth and boosted its profit outlook, an impressive feat after facing a difficult comparison with last year’s pandemic-fueled stockpiling. Comparable sales increased 6% for Walmart stores in the U.S., excluding fuel, compared with an expected 2% gain, according to estimates compiled by Bloomberg.
Read articleWith restaurants resuming some dine-in services and more people returning to work, grocery stores are getting the short end of the stick. The total grocery industry, which includes in-store shopping and delivery and meal-kit providers, saw an “across-the-board spending deceleration” of about 500 basis points for the two weeks that ended May 19 from the…
Read articleSteven Weinstein raised his first-quarter revenue expectations for Wayfair Inc. after scouring credit and debit card information from millions of Americans. Two weeks after his report was published in April, Wayfair reported quarterly net revenue of $2.33 billion, just $60 million shy of Weinstein’s estimate, which was higher than the consensus forecast of $2.28 billion.…
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