Latest Financial performance News
Material sciences company Dow posts Q4 loss, says it's cutting 1,500 jobs, 4% of workforce
Dow Inc.'s fourth-quarter profits came in well below Wall Street expectations and the material sciences company said Thursday that it is slashing 1,500 jobs globally in an effort to cut costs as sales stagnate. The layoffs amount to about 4% of Dow's workforce, according to data firm...
Starbucks reports better-than-expected quarterly sales as turnaround efforts begin
Starbucks on Tuesday reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to deliver results. The Seattle coffee giant said its revenue was flat at $9.4 billion for the 13-week period ending Dec. 29. That beat Wall Street's forecast...
2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach
LOS ANGELES (AP) — The latest evidence that homeownership is becoming increasingly less accessible to many Americans: Sales of previously occupied U.S. homes fell last year to a nearly 30-year low for the second time in as many years. Elevated mortgage rates, a yearslong shortage...
Rosy December for small business sales, but restaurants are left out
NEW YORK (AP) — Small businesses had a merry December, as shoppers wrapped up their holiday shopping. That's according to the Fiserv Small Business Index. In the U.S., the seasonally adjusted index for December was 146, up 3 points from November. The figure is...
US lawsuit accuses PepsiCo of price discrimination that favored Walmart over smaller stores
The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the...
Nation's largest trade group: holiday sales rose a better-than-expected 4%
NEW YORK (AP) — Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on merchandise drove shoppers to buy, according to the nation’s largest retail trade group. Holiday sales in November and December rose 4% to $994.1...
