Month: May 2022
Rep. Joaquin Castro asks FBI to investigate police response timeline in Texas school shooting as controversy grows
Rep. Joaquin Castro (D-TX) speaks at a press conference on immigration on Capitol Hill on November 18, 2021 in Washington, DC. Anna Moneymaker | Getty Images Texas Democratic Rep. Joaquin Castro on Thursday asked the FBI to investigate the timeline of the Uvalde elementary school massacre and the police response to it as controversy grew […]
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Stocks making the biggest moves after hours: Ulta, Gap, Dell and more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2.346 […]
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Biden to travel to Uvalde to mourn victims of Texas school shooting
U.S. President Joe Biden delivers remarks from the Roosevelt Room of the White House as first lady Jill Biden looks on concerning the mass shooting at a Texas elementary school on May 24, 2022 in Washington, DC. Anna Moneymaker | Getty Images President Joe Biden will travel to Uvalde, Texas on Sunday to console the […]
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Gap shares fall 13% after retailer slashes profit guidance for the year
Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell more than 10% after hours, after closing the day up 4%. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick […]
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Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Sheldon Cooper/SOPA Images | Lightrocket | Getty Images Twitter shareholders are suing Elon Musk, and Twitter itself, over their handling of a chaotic acquisition process that is still underway, and that has contributed to volatile price swings in the company’s stock price. The Tesla and SpaceX CEO revealed a significant stake in Twitter on April 4, and ten […]
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Baby formula supply should return to normal in two months, FDA commissioner says
Shelves normally meant for baby formula sit nearly empty at a store in downtown Washington, DC, on May 22, 2022. Samuel Corum | AFP | Getty Images Food and Drug Administration Commissioner Dr. Robert Califf told lawmakers on Thursday that it will take until July before store shelves across the country are filled with baby […]
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Microsoft exec tells employees in Windows and Office groups to be more cautious in hiring
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft is gearing up to pursue a more conservative approach to hiring in a part of the business that includes some of its […]
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Dollar store chains boost their outlooks as consumers grapple with high inflation
Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. As of midday Thursday, shares of Dollar General were up about 14% […]
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These buyback monsters are repurchasing a lot of their stock and ready to step it up some more
Corporations are increasingly repurchasing their shares as stock prices slide, and certain companies are ready to keep the buybacks coming. A share repurchase is when a company buys back its own shares from the marketplace. Doing so boosts per-share earnings by shrinking the number of shares outstanding, possibly enhancing the value of the stock. The […]
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Nine monkeypox cases identified in U.S.: What we know about each of them
Rochelle Walensky, Director of the U.S. Centers for Disease Control and Prevention (CDC), participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, on Wednesday, May 4, 2022. Lauren Justice | Bloomberg | Getty Images The Centers for Disease Control and Prevention has identified nine cases of monkeypox across seven […]
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