Troubled Chinese homebuilder Country Garden is rushing to raise cash to avoid default
Country Garden is raising funds to avoid default, as the troubled real estate giant battles a liquidity crisis which some fear could spread to China's wider economy and even spill over abroad.
2023-08-30 14:45
China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge
Evergrande Group, the world's most indebted real state developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of "the short boom of the property market" earlier this year.
2023-08-28 10:56
Gap reports mixed second quarter and decline in sales across all brands
Gap saw soft sales across all four of its brands in the latest quarter.
2023-08-25 08:46
Nvidia's quarterly sales double on the back of AI boom
The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia.
2023-08-24 04:54
Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall
A Peloton recall involving the adjustable seat on more than two million bikes is becoming a bigger headache than expected.
2023-08-23 21:27
Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
2023-08-23 19:53
Zoom shares jump as CEO says company to develop and deploy AI tools
Shares of Zoom jumped in after-hours trading Monday after the company said it expects to rake in stronger-than-expected earnings in the rest of this fiscal year.
2023-08-22 06:52
Walmart's sales are surging
Target and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and essentials.
2023-08-17 19:22
Target's sales fall for first time in six years
Target's quarterly sales fell for the first time in six years as consumers pulled back on home goods, clothing and other discretionary goods. Target has also been embroiled in the political culture wars over gender and sexual orientation.
2023-08-16 18:56
Home Depot sales fell as housing market cooled
Home Depot's sales dropped 2% during its latest quarter as the housing market cooled off.
2023-08-15 18:25
Disney reports lower-than-expected revenue for its fiscal third quarter
The Walt Disney Company reported slightly lower than expected revenue for its fiscal third quarter on Wednesday.
2023-08-10 04:17
WeWork says it has 'substantial doubt' about its ability to stay in business
"Substantial doubt exists" about WeWork's ability to continue to stay in business, due to the company's losses, projected cash needs, and increased member turnover, according to the company's second quarter earnings release.
2023-08-09 05:57