Abercrombie expects a strong holiday quarter as growth run continues

Abercrombie & Fitch is expecting a strong holiday shopping season, and the arrest of its former CEO Mike Jeffries for sex trafficking did not seem to hit sales.

Business - CNBC - 20 hours ago

Abercrombie expects a strong holiday quarter as growth run continues

Abercrombie & Fitch isn’t giving up its crown anytime soon.

Google’s strong earnings boosted by cloud computing gains

Parent company Alphabet’s shares rise 6% as results show lift from AI demand

Business - Financial Times - October 30

Amazon beats Wall Street expectations with strong cloud business growth

Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast. Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on ...

World - The Guardian - October 31

UK economy surprises with September contraction, grows just 0.1% in the third quarter

The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.

Business - CNBC - November 15

Zoom surpasses expectations and calls for another quarter of single-digit growth

Zoom's business is still growing, but not nearly at the rate of expansion during the Covid-19 pandemic.

Business - CNBC - Yesterday

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Peloton's cash flows are improving, but it's expecting to sell fewer bikes and treadmills during its holiday quarter than Wall Street expected.

Business - CNBC - October 31

Pfizer's Strong Quarter Bolsters CEO's Comeback Efforts

The pharmaceutical company reported its third consecutive quarter with positive results.

Business - The Wall Street Journal - October 29

Walmart Earnings: Holiday Shopping Is Off to a Strong Start

The retailer said sales rose during the most recent quarter, propelled by shoppers buying groceries, home goods and toys—a sign that spending is off to a steady start this holiday season.

Business - The Wall Street Journal - November 19

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

Business - Financial Times - October 30

AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.

Business - CNBC - October 30

Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth

The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.

Business - The Wall Street Journal - November 7

Australian 3D Printer Sees Strong Growth Tailwinds on Trump's Election

AML3D this week raised 30 million Australian dollars from shareholders and new institutional investors to expand its Ohio manufacturing facility.

Business - The Wall Street Journal - 5 days ago

Walmart Stock Rises on Strong Earnings Ahead of Holiday Shopping Season

The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.

Business - The New York Times - November 19

Gap Raises Full-Year Outlook With Strong Start to Holiday Season

The apparel retailer said it now expects full-year sales to grow between 1.5% and 2%. Gap had most recently guided for sales to be up slightly.

Business - The Wall Street Journal - 5 days ago

Gap says it picked up wealthier shoppers, and more market share, despite weak clothing demand

Shares of Gap Inc. rallied after hours on Thursday after the clothing retailer pushed its full-year outlook higher and said the holiday shopping season was “off to a strong start.”

Business - MarketWatch - 5 days ago

Gap shares surge as it raises guidance, touts 'strong start' to holiday

Gap said Old Navy's sales fell after hurricanes led to store closures and warm weather deterred sales in its kids category.

Business - CNBC - 4 days ago

'Wicked' defies box office gravity in a strong start to the holiday movie season

Moviegoers soared from Oz to the Colosseum over the weekend as millions around the world flocked to see “Wicked” and “Gladiator II” in theaters.

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - October 29

Experts expect renewable growth even under Trump

Click for the latest from The Hill {beacon} Energy & Environment Energy & Environment The Big Story Experts expect renewable growth even under Trump President-elect Trump’s victory has delivered ...

Politics - The Hill - 5 days ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - October 30

New GDP numbers show 2.8% growth in 3rd quarter

The new GDP report released Wednesday shows the U.S. economy grew at a 2.8% annual pace in the third quarter. Jared Bernstein, chair of the Council of Economic Advisers, joined CBS News to discuss ...

Nvidia’s revenue nearly doubles as AI chip demand remains strong

US chipmaker reassures investors seeking signs of the strength of boom that has made it world’s most valuable company

Business - Financial Times - 6 days ago

Record holiday travel and stormy weather expected

A record number of travelers are expected to hit the road this Thanksgiving week. Storms from coast to coast could disrupt road and air travel, and a shortage of air traffic controllers could also ...

Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter

We're reiterating our 1 rating and raising our price target to $240 price target from $220.

Business - CNBC - November 1

Shopify’s stock heads for best day ever on upbeat holiday forecast

A Shopify executive says the company’s latest results showed “continued discipline of balancing both future growth investment and operational leverage.”

Business - MarketWatch - November 12

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.

Business - MarketWatch - November 15

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

Tech - ABC News - October 30

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - October 30

Euro zone growth hits two-year high of 0.4%, beating expectations

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

Business - CNBC - October 30

U.S. economy grew at a 2.8% pace in the third quarter, less than expected

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Business - CNBC - October 30

The U.S. economy grew at a 2.8% pace in the third quarter, less than expected

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

Uber reports third-quarter results that beat Wall Street's revenue expectations

Uber reported third-quarter results Thursday that beat analysts' expectations for revenue.

Business - CNBC - October 31

Burger King parent Restaurant Brands falls short of third-quarter expectations

Net sales climbed 24.7%, largely thanks to the company's acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.

Business - CNBC - November 5

Baidu posts 3% drop in third-quarter revenues, beating market expectations

Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app.

Business - CNBC - 5 days ago

Rocket Lab stock surges almost 30% to near all-time high after company's Q3 results

Rocket Lab jumped in trading after the company reported third-quarter results.

Business - CNBC - November 13

Reddit’s results are on deck. Analysts expect ad strength and growth in online spending.

Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.

Business - MarketWatch - October 28

Latest in Abercrombie expects a strong holiday quarter as growth run continues