Category: Market News
President Joe Biden on Thursday said Sweden and Finland have the “full, total, complete” backing of the U.S. as they seek to become the newest members of NATO. In remarks at the White House while flanked by Prime Minister Magdalena Andersson of Sweden and President Sauli Niinistö of Finland, Biden said he is sending the […]
Shares of Harley-Davidson Inc. HOG, -7.61% tumbled 10.5% in premarket trading Thursday, after the motorcycle maker said it would suspend all assembly and shipments for two weeks. The company said the suspension was for “an abundance of caution” following information provided by a third-party supplier regarding “a regulatory compliance matter relating to the supplier’s component […]
Children’s Place Inc. PLCE, -10.42% shares slumped 13.2% in Thursday premarket trading after it reported first-quarter earnings and sales that missed expectations and cut its outlook. The kids apparel retailer posted net income of $19.8 million, or $1.43 per share, down from $45.2 million, or $3.01 per share, last year. Adjusted EPS of $1.05 missed […]
Shares of Walmart Inc. WMT, -6.79% sank 6.6% toward a 22-month low in midday trading Wednesday, as it fell in sympathy with the plunge in rival discount retailer Target Corp.’s stock TGT, -24.93% on the back of a big earnings miss. Walmart’s stock drop follows an 11.4% tumbled on Tuesday, after the company’s disappointing fiscal […]
Shares of Visionary Education Technology Holdings Group Inc. VEDU, -80.00% plummeted 73.7% in afternoon trading Wednesday, to pace all decliners on a bad day for the major U.S. exchanges, a day after the Canada-based private education provider went public on the Nasdaq with a bang. The stock had closed Tuesday, it’s first day of trading, […]
The Dow Jones Transportation Average DJT, -7.41% nosedived 1,031 points, or 7.0%, in afternoon trading Wednesday, will all 20 components trading lower, putting it on track for a 14-month closing low. That puts the Dow industrials on track for the biggest one-day decline since it lost 7.7% on June 11, 2020. Of the index’s biggest […]
U.S. stocks tumbled Wednesday, with all three major benchmarks closing sharply lower as consumer stocks including Target Corp. were battered. The Dow Jones Industrial Average DJIA, -3.57% closed 3.6% lower, the S&P 500 SPX, -4.04% sank 4% and the technology-heavy Nasdaq Composite COMP, -4.73% dropped 4.7%, according to preliminary FactSet data. Shares of Target TGT, […]
BlackBerry Ltd. BB, -2.16% late Wednesday projected annual revenue growth of 13% through fiscal 2027, hoping to be “approaching” breakeven adjusted per-share earnings in fiscal 2024. It anticipates to post a modest adjusted loss and be cash-flow negative in fiscal 2023 due to its investment plans, it said. The goal is to be profitable on […]
Kohl’s Corp. KSS, -11.02% said in a filing late Wednesday that two executives, Chief Marketing Officer Greg Revelle and Chief Merchandising Officer Doug Howe, are departing, without elaborating further. Revelle leaves on June 1, while Howe’s departure is effective immediately, the embattled retailer said. Kohl’s stock fell more than 4% in the extended session Wednesday […]
Shares of Bath & Body Works Inc. BBWI, -8.64% fell more than 4% in the extended session Wednesday after the specialty retailer reported first-quarter earnings above Wall Street expectations, but lowered its guidance for the full year. The company said it earned $155 million, or 64 cents a share, in the quarter, compared with $277 […]