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Stitch Fix Stock Sinks on Weak Outlook
Shares of Stitch Fix, Inc. (NASDAQ: SFIX) are down about 12% on Wednesday after the Company surpassed fourth quarter earnings expectations, but provided a softer-than-expected first quarter forecast. The online styling service came out with...
Ford Announces USD 275 Million Joint Venture with Mumbai-based Mahindra
Ford Motor Company (NYSE: F) on Tuesday said it will shift most of its operations in India to Mahindra & Mahindra Ltd. as part of a joint venture with the Indian carmaker. The deal, valued at USD 275 Million, awards Mahindra 51% of Ford’s...
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Tens of Thousands of GM Auto Workers Go on Strike
The United Auto Workers union (UAW) went out on strike against General Motors Company (NYSE: GM) Sunday night, marking the first work stoppage in the U.S. auto industry in more...
U.S. Consumer Prices Rise a Slight 0.1% in August
Consumer prices slowed in August, reflecting a sizeable drop in the cost of gasoline and other energy products. The Consumer Price Index (CPI), which measures what Americans...
New York City Sues Chipotle, Alleging Labor Law Violations
Chipotle Mexican Grill, Inc. (NYSE: CMG) is being sued by New York City Mayor Bill de Blasio’s administration, the Department of Consumer and Worker Protection (DCWP) announced...
Alibaba Breaks Singles Day Sales Record
Shares of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) opened about 5% lower on Monday, even after the company delivered record sales on Singles Day, the...
Planet Fitness (NYSE: PLNT) Jumps After Sales Beat Expectations
Planet Fitness, Inc. (NYSE: PLNT) stock jumped about 10% after the franchisee and operator of fitness centers reported financial results for its third quarter ended September...
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IBM Reports 2019 Fourth-Quarter and Full-Year Financial Results
Today IBM (NYSE:IBM) announced its fourth-quarter and full-year 2019 financial results. International Business Machines reported surprise growth in quarterly revenues and higher than expected earnings as well as revenues, driven by accelerated...
Carnival Stock Sinks on Guidance Trim
Carnival Corp. (NYSE: CCL) on Thursday posted third quarter 2019 results that outpaced both revenue and earnings estimates. However, shares are down about 8% on the day after the cruise line...
Chewy Shares Fall on Wider-Than-Expected Quarterly Loss
Online pet-products retailer Chewy, Inc. (NYSE: CHWY) delivered better-than-expected revenue for its second quarter of 2019 but missed earnings forecasts, sending shares down as much as 6.6% on...
General Mills Announces First Quarter Financial Results
Shares of General Mills, Inc. (NYSE: GIS) are down about 2% on Wednesday after the food manufacturer posted mixed first quarter financial results. The Golden Valley, Minnesota-based Company said...
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