A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe state of the consumer in 2024 is already taking shape — even before the country's major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week.There...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. Brendan McDermid | ReutersHere's how big of a surprise corporate profits have been this earnings season: the fourth-quarter is now shaping up to be the best of 2023.Despite ongoing macroeconomic...
A stealth inflationary cost is biting into corporate profits. While some companies are now seeing lower input and freight costs, one expense is not falling: insurance.In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14%...
Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)Lindsey Nicholson | Getty ImagesTwo big companies weighed in on persistent demand woes this week.General Mills, which reported earnings Wednesday morning, said tepid demand and pricing...
SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California. Mario Tama | Getty ImagesBefore the actors' union reached a labor deal with studios Wednesday night, Disney CEO Bob Iger told CNBC's Julia Boorstin...
A Winnebago Industries Inc. travel trailer stands at Motor Sportsland RV dealership in Salt Lake City, Utah, U.S., on Monday, April 6, 2020.George Frey | Bloomberg | Getty ImagesWinnebago closed out its fiscal year with a solid fourth quarter earnings beat. Adjusted per-share profit of $1.59 easily topped Wall...
cyano66 | iStock | Getty ImagesIt has been a very eventful couple of weeks for cyberattack-related news.It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. The company warned it "experienced disruptions in portions of its internal information technology...