Snacking frenzy pushing Campbell’s Goldfish to $1B brand
Campbell Soup Company delivers on quarterly earnings and beats Wall Street expectations on 2023 guidance despite ongoing inflation and threat of recession.
Stock market will crash in 60 days, best-selling author on Lehman collapse warns
Market risk indicators are signaling one of the highest probabilities of a crash in the next 60 days. The Bear Traps report founder Larry McDonald advises on how to allocate your capital.
Adidas to slash dividend after Kanye West split
Adidas is slashing its dividend as the company deals with fallout from ending its partnership with Kanye West.
Apple investor day, Powell testimony, jobs report top week ahead
Retail earnings, jobs data, Disney CEO Bob Iger speaking and Apple's investor day lead a busy week ahead for investors.
Aswath Damodaran warns of 'dark side' to disruptive companies
New York University professor of finance Aswath Damodaran provides his outlook for stock valuations and discusses Ark CEO Cathie Wood's opinion of disruptive companies.
Costco answers whether it is raising membership fee: 'Question of when, not if'
Costco memberships are at an all time high and the company says it will raise its membership fees eventually, but did not announce immediate plans to do so on an earnings call Thursday.
FTX fallout hits Silvergate, bitcoin
Silvergate has delayed its annual report with the Securities and Exchange Commission after reporting a $1 billion loss for fourth quarter and is now concerned about ability to operate.
Dell shares slide on forecast miss, CFO to retire
Dell shares declined after the company forecast a profit and revenue forecast for the current quarter and full-year that disappointed.
Nordstrom leaving Canada, cutting 2,500 jobs
Nordstrom announced it is shutting down operations in Canada, closing 13 stores and cutting 2,500 jobs.
Costco announces mixed earnings report as slower sales of ‘big-ticket’ items offset by higher food sales
Costco unveiled a mixed earnings report on Thursday that mostly beat expectations. Costco's CFO Richard Galanti noted some softness in sales of big-ticket items like electronics.
Salesforce profit outlook buoys software maker against activist investors
Salesforce hopes that the improved profitability it has gained from layoffs, especially in its Mergers and Acquisitions group will ward off attacks by activist investors.
Inflation gives Kroger's private brands a boost
U.S. grocer Kroger reported upbeat earnings and an optimistic 2023 outlook on Thursday after raising prices due to inflation, surprising Wall Street analysts.
Beer drinkers cut back as Bud Brewer AB InBev raises prices
Anheuser-Busch InBev, the maker of Budweiser, Bud Light, Bud Seltzer, Michelob Ultra and Stella Artois, is struggling to maintain sales as inflation bites.
Macy’s earnings beat Wall Street on less promotion and 'strategic markdowns'
Macy’s beat Wall Street analysts’ predictions for sales and revenue over the fourth quarter and full year 2022.
Dollar Tree profits from raising prices above $1 level
Retailer Dollar Tree beat Wall Street analysts’ expectations in their fourth quarter and fiscal full-year 2022 earnings report after raising price points in stores.
Rivian shares fall on mixed results, new recall
Electric automaker Rivian reported mixed results along with its second recall in less than six months. The recall involves nearly 89% of the vehicles produced through September.
US markets, economy seeing 'no real cracks in financial conditions': Shana Sissel
Banrion Capital Management founder Shana Sissel explains why she's not predicting a 'deep' recession in the second half of 2023.
Economy on Main Street has been 'pretty darn strong': Nathan Stovall
S&P Global Market Intelligence lead bank analyst Nathan Stovall discusses the earnings season and banks tightening their lending standards.
Target CEO gives cautious outlook after sales, profits improve
Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.
Tesla investor day comes with stock rebounding, CEO Musk tweets Master Plan will be unveiled
Tesla will host the company’s first annual investor day on March 1, at its gigafactory facility in Austin, Texas and unveil its third Master Plan.