Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.Nathan Howard | Bloomberg | Getty ImagesMortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years.Total mortgage application volume fell 4.2% last week, compared with the...
A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York.Scott Mlyn | CNBCMarlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain...
Lowe's reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand.The company topped Wall Street's earnings estimates, but fell slightly short of expected sales.The home improvement retailer stuck by its full-year forecast. It anticipates total sales will...
Macy's on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations.The company's shares fell about 14% on Tuesday, as the department store operator stood by its conservative full-year guidance. It said it expects...
Dick's Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and implemented aggressive markdowns to clear out excess inventory in its outdoor category, the company announced Tuesday. For the first time in three years, Dick's...
A Dick's Sporting Goods store in Niles, Illinois, May 20, 2014.Getty ImagesCheck out the companies making headlines in midday trading.Dick's Sporting Goods — The retail stock tumbled 24.1% after Dick's reported a rare earnings miss and slashed guidance for the year, due in part to an uptick in store...
A Dick’s Sporting Goods store stands in Staten Island in New York City, March 9, 2022.Spencer Platt | Getty ImagesCheck out the companies making headlines before the bell:Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts' estimates. The advanced manufacturing services company posted non-GAAP...
A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares rose as much as 8% in extended trading on Monday after the video-calling software provider announced fiscal second-quarter results that exceeded analysts' expectations.Here's how the company...
An exterior view of the Nvidia headquarters in Santa Clara, California, May 30, 2023.Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.Palo Alto Networks — The security software provider jumped 14.8% after Palo Alto beat expectations for earnings when reporting after the bell Friday. Goldman...