FedEx to spin off its freight trucking business

A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | ReutersFedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery...

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Campbell’s falls short of sales estimates, names insider Beekhuizen as CEO

Cans of Campbell's Chicken Noodle Soup are seen in a supermarket in New York.Richard Levine | Corbis News | Getty ImagesCampbell's fell short of market expectations for quarterly net sales on Tuesday and named insider Mick Beekhuizen as its new chief executive officer, as the company sharpens focus on...

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CrowdStrike raises annual forecast on steady cybersecurity demand

CrowdStrike Holdings Inc. signage on the floor of the New York Stock Exchange on July 22, 2024.Michael Nagle | Bloomberg | Getty ImagesCybersecurity firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue estimates on Tuesday, betting on growing demand for cybersecurity services amid increasing online...

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We’re changing our TJX price target despite retailer’s light guidance

TJX Companies delivered strong quarterly results before Wednesday's opening bell. While guidance was a bit below expectations, it was not overly concerning given the off-price retailer's proclivity to under-promise and over-deliver. Revenue during TJX's fiscal 2025 third quarter ended Nov. 2 rose 6% year-over-year to $14.06 billion, beating the...

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Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge

GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Cfoto | Future Publishing | Getty ImagesChinese electronics maker Xiaomi Corp...

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Home Depot is on the verge of earnings rebound after beating estimates

Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Net sales in the three months ended Oct. 27 rose 6.6% year over year to $40.2 billion, outpacing the $39.3 billion estimate, according to LSEG. Adjusted earnings...

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AMC Entertainment posts revenue decline due to fewer big releases

An AMC theater is pictured in Times Square in the Manhattan borough of New York City.Carlo Allegri | ReutersAMC Entertainment on Wednesday reported a fall in third-quarter revenue and saw a decline in attendance at its theater chain, hurt by fewer blockbuster releases from Hollywood studios.Shares of the Leawood,...

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