The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report.
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Earnings playbook: Big banks and an airline kick off the reporting season
Business
Nike posts surprise sales growth but turnaround work is far from over
Nike on Tuesday posted surprise sales growth in its fiscal first quarter, but the sneaker giant still has work ahead to execute its turnaround. The company said revenue rose 1% in the three months ended Aug. 31, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period. Still, Nike’s […]
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Business
How a surge in legal betting fueled an ugly fight: The battle for 1-800-GAMBLER
The booming business of betting across America has led to soaring concerns over problem gambling. Generally, ads for legitimate, licensed casinos and sportsbooks carry some kind of disclaimer that gambling is supposed to be for entertainment. The small print might offer: “Gambling problem? Call 1-800-GAMBLER.” That number is about as memorable and sticky as you […]
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Business
Spirit Airlines on track for a $475 million bankruptcy lifeline
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a […]
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