Check out the companies making headlines after the bell : GameStop — The gaming retailer was trading 1% lower after posting mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a year ago, GameStop posted net income rose to 4 cents per share from a loss...
New Starbucks CEO Brian Niccol will focus on improving the chain's U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday."… In some places — especially in the U.S. — we aren't always delivering,"...
People shop at a store in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty ImagesThe Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely-expected interest rate cut soon.On Wednesday, the Labor Department's Bureau of...
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase shares fell 7% Tuesday after the bank's president told analysts that expectations for net interest income and...
Check out the companies making headlines in midday trading: Ally Financial — Shares of the lender fell 17% after Ally Chief Financial Officer Russell Hutchinson said at an industry conference that credit challenges have increased during the third quarter, particularly with auto loans for retail customers. Mission Produce ,...
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023.Evelyn Hockstein | ReutersA top Federal Reserve official on Tuesday unveiled changes...
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | ReutersJPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater...
A green tea pod inside a Keurig brand coffee maker, Dec. 17, 2022.Gado | Archive Photos | Getty ImagesThe Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the recyclability of its disposable K-Cup pods, the agency said Tuesday.Keurig has agreed to pay a...
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that comes as...
Check out the companies making headlines in premarket trading. Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year...