Month: August 2022
Nordstrom cuts full-year forecast, citing slowing customer demand
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even as it reported fiscal […]
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Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting goods retailer said it […]
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Two adult men convicted in plot to kidnap Michigan Gov. Whitmer
A jury on Tuesday convicted two males of conspiring to kidnap Michigan Gov. Gretchen Whitmer in 2020, offering swift verdicts in a plot that was damaged up by the FBI and described as a rallying cry for a U.S. civil war by anti-govt extremists. The end result was a big victory for the U.S. Justice Department. A […]
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Comcast agrees to sell its majority stake in regional network NBC Sports Washington
Alex Ovechkin #8 of the Washington Capitals races up the ice with the puck during a game against the Toronto Maple Leafs at Capital One Arena on April 24, 2022 in Washington, D.C. John Mccreary | National Hockey League | Getty Images Comcast has agreed to sell its majority ownership stake in NBC Sports Washington, […]
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Los Angeles Angels owner Arte Moreno exploring sale of the team
General manager Billy Eppler and Owner Artie Morena look on as Joe Madden speaks to the media during a press conference where he was introduced today as the new manager of the Los Angeles Angels during a press conference at Angel Stadium of Anaheim on October 24, 2019 in Anaheim, California. Jayne Kamin-oncea | Getty […]
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Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out […]
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Starbucks informs workers at two stores of closures, union claims retaliation
A sign is seen as Activists participate in an event dubbed the Un-Birthday Party and picket line for Starbucks CEO Howard Schultz on July 19, 2022 in New York City. Activists gathered near Schultz’s West Village home on his 75th birthday to protest the treatment of Starbucks workers attempting to unionize, as well as Schultz’s […]
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Zoom shares slide 14% adhering to revenue miss and gloomy forecast
A trader operating right after the Nasdaq opening bell ceremony on April 18, 2019 in New York Metropolis. Kena Betancur | Getty Pictures Shares of Zoom fell 14% on Tuesday, a working day immediately after the organization introduced 2nd-quarter outcomes that missed analyst’s earnings estimates. The movie communications enterprise reported $1.10 billion in revenue for the […]
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These stable stocks are keeping over water and building profits in this volatile calendar year
As traders reconsider the endurance of the summer time rally, they could obtain some consolation in lower volatility shares that are producing cash flow. The Dow Jones Industrial Regular fell extra than 600 points Monday, when the S & P 500 lost more than 2%. All those have been their most important one-day drops given […]
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Stocks making the biggest moves midday: Twitter, Zoom, Palo Alto Networks, Macy’s and more
Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The video conferencing company also cut its forecast for the full year amid slowing revenue growth. Twitter – Shares of the social media […]
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