Pearson full-year underlying sales rise 5%
[ad_1] Pearson PLC said Wednesday that it expects to report a rise in underlying sales for 2022, and that it finished the year ahead of the board’s expectations. The FTSE…
SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
[ad_1] Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even…
Electric vehicles made up 10% of all new cars sold last year
[ad_1] BERLIN—Electric-vehicle sales surged worldwide last year, driven mainly by strong growth in China and Europe, according to fresh data and estimates, providing relief to a broader car market that…
JD Sports Fashion sees 2023 profit at the higher end of expectations after stronger Christmas sales
[ad_1] JD Sports Fashion PLC said Wednesday that it expects to report fiscal 2023 adjusted pretax profit toward the top end of market expectations after it booked a strong performance…
The holiday PC market stunk for everyone except Apple, report says
[ad_1] A sharp drop in global shipments of personal computers in the holiday quarter wrapped up a year of such declines, but Apple Inc. reportedly suffered the least. Global PC…
China’s passenger car retail sales grew 1.9% in 2022, with EV and hybrids reaching a record and doubling that of 2021
[ad_1] HONG KONG–China’s passenger car retail sales growth slowed last year to 1.9%, down from more than 4% in 2021, as auto makers faced severe production disruptions and economic challenges…
As COVID vaccine and Paxlovid sales decline, analysts want to know what’s next for Pfizer
[ad_1] Pfizer PFE, +0.28% is the latest pandemic stock to face questions about its long-term strategy as revenue from its COVID-19 vaccine and antiviral business starts to dry up. Bank…
Bed Bath stock plunges after warning that it may need to declare bankruptcy
[ad_1] Bed Bath & Beyond Inc. said Thursday that it has “substantial doubt” about its “ability to continue as a going concern,” as the company also disclosed that it expects…
Chinese auto makers plunge as COVID surge prompts delivery cuts
[ad_1] Shares of Chinese auto makers plunged as growing COVID-19 outbreaks across China halted vehicle production, triggering delivery cuts and sparking worries of a sales decline in the world’s biggest…
U.S. new home sales rose in November by 5.8%
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
Avocado prices are plunging, and taking Mission Produce stock along for the ride
[ad_1] Mission Produce Inc. shares plunged in after-hours trading Thursday following an earnings report that showed the effects of rapidly declining avocado prices. Mission Produce AVO, -3.37% reported a fiscal…
Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel disappoints
[ad_1] “Avatar: The Way of Water” couldn’t reverse Walt Disney Co.’s recent funk, which has the stock on a path for its worst year since 1974. Disney shares DIS, -4.77%…
New York bans sales of dogs, cats and rabbits in retail stores
[ad_1] New York State has officially banned the sale of dogs, cats and rabbits at retail pet stores in hopes of improving pet-adoption rates and ending the puppy-mill pipeline. “Dogs,…
U.K. retail sales fell in November, missing expectations for an increase
[ad_1] U.K. retail sales decreased in November, adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households’ incomes. Retail…
Oracle stock rises as earnings and revenue beat, but profit forecast comes in slightly short
[ad_1] Oracle Corp. topped Wall Street’s expectations for profit and revenue in its most recent quarter, but the software company’s earnings guidance came in slightly lower than Wall Street expected.…
EU ruling could ‘kneecap’ Meta’s digital ad revenue: report
[ad_1] Shares of Meta Platforms Inc. plunged more than 6% Tuesday after European Union regulators dealt its digital-ad business a potentially devastating blow. Privacy officials ruled Facebook’s parent company META,…
Funko brings back former CEO, drops CFO after massive decline for stock on holiday forecast
[ad_1] Funko Inc. is putting its longtime chief executive back in charge of the business and looking for new executives to join him after a disappointing holiday forecast chopped the…
Gloomy prediction for home buyers: Prices will continue to rise in 2023, despite a cooling housing market
[ad_1] Home sales are slowing as interest rates rise, and prices are also cooling as buyers are put off by interest rates hovering around 7%, double what they were this…
EasyJet losses narrow, revenue grows, sees stronger passenger growth for early 2023
[ad_1] EasyJet PLC said Tuesday that its fiscal 2022 pretax loss narrowed and revenue rose as passenger numbers and revenue per seat recovered following the easing of Covid-19-related restrictions. The…
Cyber Monday sales on track to set new record, topping $11 billion
[ad_1] Cyber Monday shopping is set to break records with more than $11 billion spent online in a single day, according to Adobe Inc. ADBE, -1.59%, as big discounts gave…
Shopify on Black Friday: ‘Cha-ching!’
[ad_1] Shares of Shopify Inc. charged higher Monday after the e-commerce software company’s simple but exuberant reaction to record Black Friday sales — “cha-ching!” The company said its merchants recorded…
Nordstrom stock drops after retailer swings to loss and sales miss the mark
[ad_1] Shares of Nordstrom Inc. dropped more than 3% in after-hours trading Tuesday after the retailer swung to a surprise quarterly loss and joined other stores in reporting lower sales,…
CRH reports sales rise thanks to resilient demand
[ad_1] CRH PLC said Tuesday that sales rose on year for the first nine months of 2022 as it experienced resilient underlying demand, strong pricing and continued delivery from its…
Advance Auto Parts stock down 9% after mixed third-quarter earnings
[ad_1] Shares of Advance Auto Parts Inc. dropped more than 9% in the extended session Tuesday after the specialty retailer missed Wall Street expectations for its quarterly earnings as it…
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
[ad_1] Rheinmetall AG RHM, +3.85% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which…