Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky.Luke Sharrett | Bloomberg | Getty ImagesCarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.Pre-owned vehicle retailers have had a bumpy ride with profitability worsening...
A shopper enters Spanish retail store Zara, a brand under the umbrella of multinational apparel conglomerate Inditex.Sopa Images | Lightrocket | Getty ImagesZara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts' expectations. The performance...
A close-up of the Workday logo on its headquarters in Pleasanton, California.Smith Collection | Archive Photos | Getty ImagesHuman resources software provider Workday cut its annual subscription revenue forecast on Thursday, citing concerns about lower customer headcount growth as a hiring slowdown and IT budget cuts soften demand for...
An Airbus A321-231 from Wizz Air is taking off from Barcelona Airport in Barcelona, Spain, on Feb. 23, 2024.Nurphoto | Nurphoto | Getty ImagesEuropean low-cost airline Wizz Air forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to...
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesChina's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising...
The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesGermany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for...
The Foxconn factory campus in Longhua town, Shenzhen, China.South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but...
Jobseekers during a Construction Career Fair at Cape Fear Community College in Wilmington, North Carolina, US, Wednesday, March 15, 2023. Allison Joyce | Bloomberg | Getty ImagesInitial filings for unemployment benefits hit their highest level since late August 2023 in a potential sign that an otherwise robust labor market is...
The logo of Italian international banking group UniCredit stands on the facade of the group headquarters, located in the Porta Nuova district, as seen from the viewpoint of Palazzo Lombardia on September 29, 2023 in Milan, Italy.Emanuele Cremaschi | Getty Images News | Getty ImagesUniCredit raised its investor reward...
A Lucid showroom in New York City on Aug. 19, 2023.Adam Jeffery | CNBCLucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024.Shares of the Newark, California-based firm fell about 3%...