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Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
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GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Global stocks hit record highs as more countries join in the rally
More global stocks are joining in the rally, and that’s a good thing — especially for U.S. markets.MarketWatch - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects
The home improvement retailer Lowe's said sales fell again year over year, and it reiterated its full-year earnings forecast.CNBC - Business -
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Norwegian Cruise’s stock rises as profit outlook raised for 2nd time in 3 weeks
Norwegian Cruise Line’s stock rallied Monday, after the cruise operator raised its full-year profit outlook, again, citing continued “very strong demand.”MarketWatch - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business
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U.K. water supplier Pennon sees bigger losses, smaller dividends — and one parasitic water bug
British water utility Pennon said it was “working tirelessly around the clock” to fix a contaminated-water incident in the county of Devon as it revealed bigger annual losses.MarketWatch - Business -
This is how long it will take for the electric vehicle industry to win over skeptical buyers
A new study finds that most EV skeptics will consider buying a battery-powered vehicle in the future, but for some, it could take a while.MarketWatch - Business -
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.MarketWatch - Business - China -
XPeng’s stock leaps after EV maker’s sales beat by widest margin in 2 years
XPeng’s stock powered higher Tuesday, after the China-based electric vehicle maker reported first-quarter results that beat expectations by wide margins, fueled by higher deliveries and cost-cutting.MarketWatch - Business -
Odey Asset Management closed in a crisis. Two of its former funds are now top performers.
The two funds managed by James Hanbury were transferred to Lancaster Investment Management after Odey Asset Management closed, on the back of sexual assault allegations against its founder, in 2023MarketWatch - Business