Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:26
UPS says its profit will fall after it reaches a Teamsters deal. Its stock is sinking sharply
UPS reported a sharp drop in revenue and profit in the second quarter. The company also cut its profit forecast, expecting narrower margins in the wake of its tentative deal with the Teamsters union.
2023-08-08 18:56
Beyond Meat earnings drop 30% with falling demand
Troubled plant-based meat company Beyond Meat posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday.
2023-08-08 06:26
Berkshire Hathaway swings to a profit, boosted by massive investment gains
Berkshire Hathaway on Saturday reported a jump in earnings in the second quarter of 2023, recovering from large investment losses a year ago, when the bear market flummoxed even the most successful investors like Berkshire Chairman Warren Buffett.
2023-08-05 23:20
Apple's sales fall for the third consecutive quarter
Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue for the world's most valuable company.
2023-08-04 05:50
Amazon sales surged 11% in the second quarter
E-commerce behemoth Amazon increased its net sales 11% to $134.4 billion in the second quarter as analysts monitor consumer spending in both the cloud and retail markets.
2023-08-04 04:27
Warner Bros. Discovery trims costs and losses but misses forecasts
Warner Bros. Discovery reported a larger-than-forecast loss in the second quarter, but the loss was narrower than a year ago.
2023-08-03 22:55
Yeezy stock sales improve outlook for Adidas
Adidas upgraded its earnings outlook for the year Thursday, in part because of demand for the company's remaining stock of its discontinued Yeezy merchandise.
2023-08-03 18:18
Uber's post-pandemic growth is slowing
Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth than recent quarters when sales surged as riders returned to pre-pandemic habits.
2023-08-01 20:22
Miller Light brewer benefits from Bud Light's turmoil
Bud Light's decline is benefiting one of its biggest rivals.
2023-08-01 20:21
HSBC raises outlook as profits nearly double
HSBC's profits have soared as it continues to cut costs and cash in on high interest rates around the world.
2023-08-01 14:17
ExxonMobil earnings fell on sinking oil prices
ExxonMobil's profit fell sharply in the second quarter on lower oil and natural gas prices, leaving earnings below Wall Street forecasts.
2023-07-28 18:56