Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesU.S.-listed shares of Chinese e-commerce giant Alibaba slid on Thursday after it announced that it would not proceed with the full spin-off of its cloud...
Macy's Herald Square store in New York is shown on Aug. 21, 2023.View Press | Corbis News | Getty ImagesMacy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales.Here's what the retailer reported for the fiscal third quarter...
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China.Xaume Olleros | Bloomberg | Getty ImagesLONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low...
Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City.Andrew Lichtenstein | Corbis News | Getty ImagesStarbucks workers in New York City have filed 14 more complaints alleging that the coffee giant...
Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany.Getty ImagesSiemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024.The German industrial...
Walmart store with gardening products for sale in Atchison, Kansas.Ucg | Universal Images Group | Getty ImagesWalmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.Here's what Wall Street expects from the retailer, according to consensus estimates from LSEG, formerly known as Refinitiv:Earnings per share: $1.52...
Check out the companies making headlines in extended trading. Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus...
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter...
Stan And Kyle From The Episode "Clubhouses."Getty Images | Hulton Archive | Getty ImagesA judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South Park."New York state Supreme Court Justice Margaret Chan said...
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesThe Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight attempt of its towering Starship rocket, the...