Pedestrians walk past Old Navy and GAP stores in Times Square, New York City.Drew Angerer | Getty ImagesGap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer warned of an "uncertain consumer" and posted another quarter of declining sales across all four of its...
Nordstrom begins the process of closing its stores in Canada with the first day of a sale at the Eaton Centre in Toronto. March 21, 2023.Steve Russell | Toronto Star | Getty ImagesNordstrom on Thursday surpassed Wall Street's quarterly sales and earnings expectations, as it showed signs of progress...
An artist's rendering of an I6 satellite in orbit.InmarsatA second Viasat communications satellite is malfunctioning in orbit, this time from the fleet of recently acquired U.K.-based Inmarsat, the company said on Thursday.The I6 F2 satellite, which Inmarsat launched in February, suffered a failure with its power system while climbing in...
Check out the companies making headlines in extended trading on Thursday.Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023.Scott Olson | Getty ImagesAffirm Holdings — The stock added 10.8% after its quarterly results came in better than expected. Affirm posted a loss of 69...
Shares of Dollar Tree fell Thursday and hit a 52-week low, after the retailer said customers' shopping lists have largely narrowed to food and necessities.The discounter joins a growing group of retailers catering to consumers who have become more price-sensitive and selective about spending. Macy's and Foot Locker also...
A person walks past the headquarters of CNN in Atlanta, Nov. 17, 2022.Brandon Bell | Getty ImagesCNN is coming to streaming — again.Warner Bros. Discovery announced Thursday that CNN Max will be added to its Max streaming service Sept. 27, and will serve as a 24/7 live news hub.It...
A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company's production facility in Renton, Washington, January 10, 2020.Lindsey Wasson | ReutersBoeing said a new manufacturing flaw on its 737 Max will delay deliveries of its bestselling aircraft, the latest setback as the company...
A scene from "Barbie."Courtesy: Warner Bros.It's a "Barbie" world — or at least North America.The collaboration among director Greta Gerwig, Mattel and Warner Bros. Discovery topped $575.4 million at the domestic box office Wednesday, making it the highest-grossing movie of the year in North America.The movie based on the...
Jen-Hsun Huang, CEO, Nvidia.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in the premarket.Nvidia — The chipmaker popped 7% after reporting another blowout quarter that topped Wall Street's estimates. Nvidia also offered optimistic guidance, saying sales will jump 170% during the current period as...
A Shein App is shown in the iOS App Store in Bargteheide, Germany, May 3, 2021.Defodi Images | Defodi Images | Getty ImagesFast-fashion competitors Shein and Forever 21 have joined forces.On Thursday, the retailers announced a deal that will bring together two brands that have a strong following of...