Americans are buying more luxury cars than ever
[ad_1] The price of the average new car in America sat 6.1% higher at the end of September than it did one year before, partially due to inflation. But another factor is…
Ahold Delhaize lifts guidance, announces $1 billion in buybacks as profit rises
[ad_1] Royal Ahold Delhaize NV on Wednesday raised its full-year adjusted EPS guidance and announced a new 1 billion euro ($1.01 billion) share buyback as it reported a 13% rise…
Sweetgreen stock wilts as results, outlook disappoint
[ad_1] Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at…
Carrefour aims for higher free cash flow as it sets out midterm focus on core markets, cost savings
[ad_1] Carrefour SA on Tuesday set out a plan to step up investment and maintain annual share buybacks from higher earnings, helped by increased cost savings over the coming years.…
Redfin stock falls as much as 15% after analyst says sell
[ad_1] Shares of Redfin Corp. sank into record-low territory Monday after Oppenheimer’ Jason Helfstein recommended investors sell, as he explained why he believed the real estate services company has a…
Apple warns that iPhone 14 Pro and Pro Max shipments will be affected by China production issues
[ad_1] Apple Inc. said Sunday that it now expects lower shipments of its high-end iPhone 14 Pro and iPhone 14 Pro Max devices than it did previously, as COVID-19 issues…
Funko stock cut in half as earnings shrink and holiday forecast calls for no growth
[ad_1] A figure previously provided for Funko’s relocation costs was inaccurate. This story has been updated. Funko Inc. shares are on track to lose half their value Friday, after the…
Telefonica backs target, dividend as it brings in $10.08 billion in revenue
[ad_1] Telefonica SA backed its financial targets and dividend for the year after it reported higher third-quarter revenue on improving handset sales as well as a boost from foreign exchange…
Giant Biogene rises in Hong Kong market debut
[ad_1] Giant Biogene Holding Co.’s stock zoomed higher in its Hong Kong market debut, after the Chinese skincare company raised 549.4 million Hong Kong dollars (US$70.0 million) in an initial…
Stellantis Q3 revenue hits 42.1 billion euros on higher volumes and strong pricing
[ad_1] Stellantis NV STLA, -2.05% on Thursday confirmed full-year targets after revenue increased on higher volumes and strong pricing in the third quarter. The car maker reported revenue of 42.10…
Sony shares jump after full-year guidance upgraded
[ad_1] Sony Group Corp. 6758, +8.71% shares rose sharply Wednesday morning after the Japanese entertainment and electronics company posted strong quarterly results and boosted its full-year guidance on the strength…
Amazon closes below $1 trillion valuation for the first time since 2020
[ad_1] The swift recent decline in Amazon.com Inc.’s stock has brought the company’s closing market value below $1 trillion for the first time in more than two years. Amazon shares…
Caterpillar stock had a great October, and that earned it a downgrade
[ad_1] Shares of Caterpillar Inc. pulled back on Monday after UBS analyst Steven Fisher said he no longer recommended investors buy, as the potential for upside relative to downside risk…
GameStop stock soared, then fell all the way back down, in biggest price reversal since May. But why?
[ad_1] Something strange happened to GameStop Corp. GME, +0.50% stock on Monday. Minutes after the opening bell rang out on the New York Stock Exchange, both the price of the…
Taylor Swift’s ‘Midnights’ album sets sales record in its first week
[ad_1] Taylor Swift’s newest album marked her biggest debut yet, a feat in the streaming era as fans snapped up the music digitally and purchased a record amount of vinyl.…
‘Pretty much Google 2.0’ — Amazon price targets reduced by analysts, though they say the long-term story is intact
[ad_1] Analysts downgraded their price targets for Amazon.com after it reported missing its third quarter sales expectations alongside a weak sales forecast for the upcoming festive season. Amazon AMZN, -4.06%…
Apple earnings show iPhone sales miss amid questions about smartphone demand; stock dips
[ad_1] Apple Inc. joined the chorus of Big Tech woes Thursday, falling short of expectations on quarterly iPhone sales and sending its stock lower in late trading. The smartphone giant…
Shopify stock soars after earnings as CEO says, ‘We plan on becoming profitable again’
[ad_1] Shopify Technology Inc. shares were surging in Thursday trading after the e-commerce company notched a smaller loss than anticipated and forecast that its operating-expense growth rate will fall sequentially…
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
[ad_1] Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the…
Lloyds Banking Group profit tumbles 26% over amid impairment charge, challenging economy
[ad_1] Lloyds Banking Group PLC on Thursday reported a 26% fall in third-quarter pretax profit after booking an impairment charge due to the weakening economic outlook, but raised its interest…
Weber shareholder’s offer could herald more ‘IPO-take-private’ moves, says analyst
[ad_1] After the closing bell on Monday, Weber Inc.’s largest shareholder, BDT Capital Partners, made an offer to buy the outdoor grill maker’s remaining shares for $6.25 apiece. Weber’s WEBR,…
Skechers stock sinks after earnings miss, downbeat outlook
[ad_1] Skechers USA Inc. shares dropped more than 10% in late trading Tuesday after the maker of sneakers missed profit expectations for its latest quarter and delivered an outlook that…
Weber stock jumps 25% after largest shareholder makes acquisition offer for grill maker
[ad_1] Weber Inc.’s stock climbed more than 24% in after-hours trading Monday, mirroring an offer from its largest shareholder to buy the grill maker’s remaining shares for $6.25 apiece. The…
Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales
[ad_1] The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie…
Pound, U.K. bonds slide on further political uncertainty as retail sales disappoint
[ad_1] U.K. bond yields rose while the British pound fell on Friday, reflecting both the political turmoil as well as the state of the underlying economy as retail sales fell…