Dismal Forecast Hits Home Retailer Hard
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Market Insider
FDX, NKE, CEG and more
Check out the companies making headlines in midday trading. FedEx – The delivery giant plunged more than 13% after reporting a steep quarterly earnings drop. The company also lowered its full-year revenue forecast. CEO Raj Subramaniam said industrial demand was softer than expected, while FedEx's customers continued to shift...
Financial Advisors
$400 to change a lightbulb? Appliance repair costs are no joke
Author Stephanie Dhue's difficult-to-repair microwave.Courtesy Stephanie DhueI bought a General Electric microwave oven in 2020 for $355. Recently, I noticed the interior light was out.I told my husband, since he's the one who takes care of repairs in our house. He took a look, only to learn that this...
Fintech
Catizen’s $CATI Token Lists on Multiple Exchanges
Singapore, Singapore, September 20th, 2024, ChainwireMantle’s flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget. As the most profitable mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Network / TON (L1) and Mantle Network (L2). $CATI, as...
Market Insider
Stocks making the biggest moves premarket: FDX, CHWY, DJT
Check out the companies making headlines before the bell. Nike — Shares rose 6% after the athletic apparel company announced CEO John Donahue would be retiring from the position . Company veteran Elliott Hill will be coming out of retirement to take the position. FedEx — Shares of the...
Earnings
FedEx quarterly profit disappoints as demand for speedy delivery wanes
Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty ImagesFedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.Shares...
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Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
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08Sep
Kroger (KR) earnings Q2 2023
Good news for consumers is bad news for Kroger.As prices that shoppers pay for groceries stabilize or fall, the supermarket operator's sales are sagging.On Friday, the company posted fiscal second-quarter sales that missed Wall Street's expectations. The company stuck with its full-year outlook, but said the slowing rate of...
08Sep
Kroger will pay up to $1.2 billion to settle most nationwide opioid claims
The Kroger supermarket chain's headquarters is shown in Cincinnati, Ohio.Lisa Baertlein | ReutersKroger on Friday said it has agreed to pay $1.2 billion to U.S. states, local governments and Native American tribes to settle the majority of claims that it fueled the opioid epidemic through lax oversight of its...
08Sep
Used vehicle prices may have bottomed for 2023
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesDETROIT – Prices of wholesale used vehicles may have bottomed for the year, as Cox Automotive said prices last month increased for the first time since March.Cox reported Friday its...
08Sep
Square says it has resolved day-long outage
Fintech giant Square says its services are coming back online after a day-long outage left small business owners unable to process payments. The Block-owned company had, up until Friday morning on the U.S. west coast, been battling a prolonged outage that had downed its services since Thursday afternoon. In a new...