Retail industry
Walmart hits new highs and Target dives after earnings as rivals diverge even more
Target‘s stock tumbled to a 52-week low on Wednesday, a day after Walmart shares soared to an all-time high — as the rival retailers’ earnings reports again underscored how their performance has diverged. Target posted its biggest earnings miss in two years and cut its forecast. The company spoke about a “deceleration in discretionary demand” […]
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Jim Cramer wants to buy this falling tech stock — and touts another reason to like Disney
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks were in the red Wednesday, led to the downside by the Nasdaq Composite. The tech-heavy index was weighed down by Nvidia slipping 2% ahead of its earnings after […]
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Cleveland launches formal bid for a WNBA team
Cleveland, Ohio Ken Redding | The Image Bank | Getty Images Dan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio. Rock Entertainment Group, the umbrella company that hosts Gilbert’s sports and entertainment properties, told CNBC on Wednesday that it intends to submit a proposal for a WNBA expansion […]
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TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story
TJX Companies touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. TJX comfortably beat Wall Street’s expectations during its fiscal third quarter, but it’s expecting earnings per share for its holiday quarter to be between $1.12 and […]
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Target will report earnings before the bell. Here’s what to expect
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty Images Target will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company tries to woo deal-hunting shoppers. Here’s what the discounter […]
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Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
TOKYO, JAPAN – 2024/10/11: Logo at the Seven & i Holdings headquarters in Tokyo. Sopa Images | Lightrocket | Getty Images Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company’s founding family was raising more than $50 billion to take the company private within this fiscal […]
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Walmart may have to raise some prices if Trump tariffs take effect, CFO says
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty Images Walmart‘s CFO John David Rainey said the retailer could have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. […]
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Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year
LOS ANGELES, CALIFORNIA – AUGUST 20: The exterior sign of a Lowe’s home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images) Eric Thayer | Getty Images News | […]
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Walmart will report earnings before the bell. Here’s what to expect
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up. Here’s what the discounter is expected to report for the fiscal third quarter, according to a […]
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How to optimize your holiday travel budget on ‘Travel Tuesday’
If you still haven’t booked your holiday travel plans, take note: Prices tend to rise the closer you get to the days you’re looking to travel. To afford holiday trips, about 50% of respondents are cutting back on other expenses while 49% are picking up discounts and deals, according to the 2024 Holiday Travel Outlook […]
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