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.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Ford halts production of electric pickup after ‘potential’ battery issue
The Ford Motor Company has announced the halt of production and delivery of its electric pickup truck, F-150 Lightning due to battery issues.
Boeing will sell over 200 planes to Air India in ‘historic agreement’
The Biden Administration called Boeing's sell of over 200 airplanes to Air India an ‘historic agreement’.
Ford cutting 3,800 European jobs in EV push
Ford will cut around 3,800 jobs in product development and administration in Europe as the U.S. automaker cuts global costs to expand more in electric vehicle market.
New SEC rules target corporate insider trading
SEC’s new disclosure requirements start on April 1 for most U.S.-listed companies. Will make it more difficult to use planned stock sales to conduct insider trading.
Adidas warns of losses in aftermath of Yeezy fallout
Adidas is warning that the German sportswear company could be headed to a loss in 2023 if it can't sell its inventory of Yeezy shoes. The company cut ties with rapper Ye in October.



















