Latest Financial performance News

CarMax, Rite Aid fall; Enerpac, Vail Resorts rise

Sep. 29, 2022 16:28 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Amazon.com Inc., down $3.21 to $114.80. The internet retail giant is raising its average starting pay for frontline workers from $18 to $19 a hour. Starbucks Corp., down 54 cents to...

Bed Bath & Beyond 2Q sales fall but meet Street's view

Sep. 29, 2022 09:56 AM EDT

Bed Bath & Beyond's sales declined 28% in its fiscal second quarter, but the performance managed to meet Wall Street's expectations. The Union, New Jersey-based home goods retailer reported sales of $1.44 billion for the three months ended Aug. 27. That compares with sales of...

Biogen, Thor rise; Apple, Equitrans Midstream fall

Sep. 28, 2022 16:21 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Apple Inc., down $1.92 to $149.84. The technology giant is reportedly backing off a planned production increase of new iPhones because of weaker-than-expected demand. ...

Steelcase, Darden fall; Lennar, Salesforce rise

Sep. 22, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Steelcase Inc., down 93 cents to $8.31. The office furniture maker gave investors a disappointing financial forecast. Lennar Corp., up $1.51 to $77.43. ...

GOP AGs push Visa, Mastercard, AmEx not to track gun sales

Sep. 20, 2022 13:45 PM EDT

NEW YORK (AP) — A group of Republican attorneys general are pushing the major payment networks — Visa, Mastercard and American Express — to drop their plans to start tracking sales at gun stores, arguing the plans could infringe on consumer privacy and push legal gun sales out of the...

Parts shortage forces Ford to cut its 3Q earnings forecast

Sep. 19, 2022 19:28 PM EDT

DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford's most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast. Ford said Monday that it expects to have 40,000 to 45,000 unfinished...

This Week: Housing starts, Fed policy update, FedEx earns

Sep. 19, 2022 03:18 AM EDT

A look at some of the key business events and economic indicators upcoming this week: TRACKING RESIDENTIAL CONSTRUCTION New government data on residential construction should provide insight into the state of the new-home market. The Commerce Department...

Talks to restructure Puerto Rico power company debt fail

Sep. 17, 2022 14:01 PM EDT

HAVANA (AP) — Mediation talks to restructure more than $9 billion in debt held by Puerto Rico’s power company failed, officials announced Saturday, raising concerns about the future of the bankrupt government agency. A federal control board that oversees Puerto Rico’s finances...

FedEx to close stores, put off hiring as demand slumps

Sep. 15, 2022 20:49 PM EDT

FedEx said Thursday it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business. The company based in Memphis, Tennessee, warned it will likely miss Wall Street’s profit...

How major US stock indexes fared Thursday 9/15/2022

Sep. 15, 2022 16:29 PM EDT

Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1% on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday. Railroad...