The exterior of a Dollar General convenience store is seen in Austin, Texas, March 16, 2023.Brandon Bell | Getty ImagesCheck out the companies making the biggest moves before the bell:Dollar General — The discount retailer tumbled 15.3% after reporting second-quarter earnings per share of $2.13, missing the StreetAccount consensus...
UBS Group outlined major targets for its integration of former rival Credit Suisse, including 3,000 domestic job cuts and more than $10 billion in cost savings, as it posted the biggest ever quarterly profit for a bank on the back of the bargain acquisition that closed in June. The Zurich-based...
Whenever you're traveling somewhere by plane, you have to pack, get to the airport, go through security, find your gate and — in the last step before you can finally relax while being taken to your destination —board the aircraft."Boarding is one of the most difficult parts of air...
The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software.Courtesy: PolestarSwedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a positive gross margin – and confirmed...
Global banking group UBS has beaten earnings expectations and beaten the record for quarterly profit in the banking sector. The Swiss-headquartered company posted its results in the early hours of Thursday morning revealing net profit of $29 billion for the second quarter of 2023, its first quarterly results since its...
Starbucks' iced pumpkin cream chai tea latte.Source: StarbucksIn most of the U.S., tree foliage is green and temperatures are warm. But for many restaurants and retailers, fall is already here.Halloween candy and pumpkin spice lattes used to wait until after Labor Day to make their annual debuts, ushering in...
Shareholders in U.S. firms saw dividends grow by 4.6% on an underlying basis in the second quarter of 2023 and by 2.9% on a headline basis including special dividends, exchange rate effects and other technical factors. Firms paid out $148 billion to shareholders with 98% of them increasing or holding...
North America is leading a global increase in investor confidence according to State Street Global Markets. The firm’s proprietary measure of sentiment and risk appetite shows a rise of 12.9 points to 103.8 in the region in August, the largest increase across global regions. Europe (up 4.3 points to 103.7)...
Stocks rose for a fourth straight day as another batch of economic reports pointed to moderation, cementing bets the Federal Reserve is approaching the end of its interest-rate hikes. The S&P 500 topped 4,500.Apple Inc. led gains in megacaps, while regional banks fell. Bloomberg News reported the Fed issued a...
This year’s rally in homebuilding stocks has outstripped even the AI-fueled tech boom, and if analysts are to be believed, that outperformance is set to continue. Wall Street price targets show an expected return potential of 16% over the next 12 months for U.S. homebuilders, ahead of the 13% seen...