Federal Reserve doing ‘very little’ to alleviate financial pain: Marc Lopresti
The Strategic Funds managing director discusses the Federal Reserve and their response to rising costs in the retail sector on ‘Mornings with Maria.’
Lowe's sales disappoint as late spring hurts seasonal demand
Americans hunkered down during the lockdowns engaged in more do-it-yourself (DIY) home projects, lifting sales of paint and building materials at Lowe's and bigger rival Home Depot in 2020.
Target profit halves on rising costs, warns of bigger margin hit
The bleak results come a day after larger rival Walmart Inc cut its annual profit view, even though both retailers clocked better-than-expected quarterly sales.
Is the US in a recession?
University of Akron Endowment Investment Committee Chair Dennis Gartman, Payne Capital Management President Ryan Payne and Creative Planning CEO Peter Mallouk weigh in on earnings and the potential for a recession.
Walmart shares slide as inflation hits profits
Walmart attributed the profit miss to higher wage expenses as declining omicron cases led to overstaffing, higher inventory and higher costs for shipping, storage, food and fuel due to inflation, which is currently running near a 40-year-high.
Stocks rally as retail earnings kick off
FOX Business' Stuart Varney and Susan Li discuss the top market stories as trading opens.
Walmart cuts full-year profit forecast as fuel, labor costs spike
The company has fared better than most rivals in maintaining inventory levels due to its massive scale and negotiating power with suppliers, but costs have soared as it expedited shipments and chartered cargo ships to get products on shelves.
Home Depot raises annual sales forecast on steady demand
The company now expects comparable sales to increase about 3% in fiscal 2022, compared to its previous forecast of a slight positive growth.
Affirm CEO tells shareholders how he will turn the stock around
Affirm co-founder and CEO Max Levchin discusses how consumers can regain spending power as inflation surges on ‘The Claman Countdown.’
Walmart, Target earnings, existing home sales top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Toyota Motor’s fourth-quarter net profit drops 31%
Toyota Motor Corp. said Wednesday that its fourth-quarter net profit fell 31% compared with the same period a year earlier and projected a drop in earnings for new fiscal year due to higher costs.
Occidental Petroleum posts quarterly profit as oil rises
It was a strong first quarter for Occidental Petroleum as higher oil prices helped the company post a profit.
Peloton sales plummet, shares skid
The fitness giant posted a net loss of $757.1 million, or $2.27 per share, compared with a loss of $8.6 million during the same period a year ago, while revenue slipped 24% year over year to $964.3 million, compared with $1.26 billion in the year-ago period.
Tyson raises revenue outlook as beef, chicken, pork prices soar
Beef, chicken and pork prices are climbing, and Tyson is passing along those costs to consumers.
Uber to cut spending, treat hiring as 'privilege'
Uber reported a net loss of $5.9 billion during the first quarter of 2022 on revenue of $6.9 billion.
Keith Fitz-Gerald urges the Fed to stop playing 'games,' return to 'pro-growth policies’
The Fitz-Gerald Group principal Keith Fitz-Gerald argues the Fed should tell the American people the 'truth' in that it made 'one of the worst calls in financial history' and are subsequently re-evaluating their moves.
Consumer price index, wholesale inventories, Disney earnings top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Facebook parent Meta to freeze hiring amid revenue growth slowdown
Meta notes its hiring efforts are currently outpacing active recruiting goals based on volume and changing business demand in a post-pandemic market.
Expert on Fed announcement: 'Market wanted to hear something different’
Slatestone Wealth chief market strategist Kenny Polcari discusses his outlook for the stock market.
DoorDash's sales soar, costs grow, shares rise
DoorDash sales soared in the first quarter as the company added more customers. But the company's loss widened to $167 million.