Walmart sells Moosejaw to Dick's Sporting Goods
Dick’s Sporting Goods will purchase outdoor outfitter Moosejaw from Walmart for an undisclosed amount.
Jeep maker Stellantis to hand $4.5B to shareholders
Stellantis and other car makers have had to contend with supply chain snags caused by the war in Ukraine and a surge in Covid-19 infections in China, a key car market.
Intel slashes dividend
The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.
Musk's $55B pay package continues to be scrutinized in court
Attorneys on Tuesday argued that Elon Musk's 2018 pay package worth a potential $55 billion should be invalidated.
US stocks are in 'death zone' and could sink 26%, Morgan Stanley warns
The stock market likely faces further losses later this year as the Federal Reserve holds interest rates at an elevated level, according to Morgan Stanley analysts.
Walmart curbs losses despite company’s ‘cautious’ 2023 outlook
The worlds largest retailer, Walmart, lowered its economic outlook on concerns about margins as consumers shop for bargains in a high inflationary environment.
Home Depot warns of weak 2023 profit as rising prices hurt demand
Demand for home improvement tools such as paint and flooring is now cooling as consumers cut back spending, setting the company up for a challenging 2023.
Walmart sees weaker 2023 results, cautious on economic outlook
Walmart investors have been keenly eyeing the retailer's efforts to negotiate better prices from its suppliers and ward off competition from rivals such as Target Corp.
Wall Street awaits Walmart’s inflation update
Walmart earnings ahead of the opening bell on Wall Street Tuesday expected to be inflation barometer as company calculates consumer staple sales from quarter.
Amazon stock drop has workers facing pay squeeze
Corporate employees for tech-giant Amazon will see a 15-50% drop in salaries in 2023 due to the stock’s underperformance in 2022.
JPMorgan warns stock rally will fizzle with Fed fallout 'still ahead of us'
The stock market likely faces further losses later this year as higher interest rates work their way through the economy, according to JPMorgan strategists.
Markets and the Presidents Day holiday
After the market volatility of the past week, traders and investors will pause to recognize the Presidents Day holiday.
How Bed Bath & Beyond sidestepped bankruptcy… for now
Bed Bath & Beyond raising $1 billion, closing store locations in U.S. and Canada, and implementing other cost reductions to elude bankruptcy.
McDonald's' new plant-based menu item: non-chicken McNuggets
McDonald's is adding McPlant Nuggets to its offerings of plant-based items on their fast food menu.
Norfolk Southern train derailment likely to have minimal impact on shareholders
Shares of Norfolk Southern have declined approximately 6% since the Feb. 3 train derailment, but experts don't expect a long-term impact to the share price.
IPO drought will continue, market ‘too risky’
Initial public offerings (IPO) were down in 2022 amid inflationary pressures and economic downturn, and experts don’t predict the market to improve in 2023.
Robolox shares surge as gamers above 17 years old play
Roblox Corp reported fourth quarter earnings that beat analysts' expectations on Wednesday, and shares for the online gaming platform are now up roughly 20%.
Elon Musk donated around $1.95 billion in Tesla shares to charity in 2022: filing
Tesla CEO Elon Musk donated $1.95 billion in Tesla shares to charity in 2022, according to a SEC filing on Tuesday. The receiving organizations were not immediately disclosed.
Buffett's firm adds more Apple, slashes chipmaker and banks
Warren Buffett's company Berkshire Hathaway made several portfolio changes at the end of the year involving Apple and some big bank names.
Toyota founder's son, helped create a global brand, dead at 97
Shoichiro Toyoda helped direct Toyota’s transformation into a global brand, especially in the U.S. market.


















