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Macy’s employee who hid $151 million in delivery expenses was trying to mask initial
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who…
Adobe shares suffer steepest drop in over two years on disappointing revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.Brendan Mcdermid | ReutersAdobe shares fell 14% on Thursday, their steepest drop since September 2022, after the…
Costco beats on earnings as e-commerce sales jump
Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture.On the membership-based warehouse club's earnings call, Chief Financial Officer…
Costco quarter signals record stock run is not done yet. Here’s our new price target
Costco on Thursday evening reported a solid quarter, beating on both the top and bottom lines. The warehouse club is clearly taking share from other retailers due to its focus on newness, quality, and value. With gross margins and paid…
AI chipmaker Broadcom shares soar 17% despite mixed quarterly results — here’s why
Broadcom shares soared Thursday after the chipmaker demonstrated strong profitability in its fourth quarter and provided a slew of upbeat updates on its artificial intelligence business — a mix so good that investors looked past a minor…
Pfizer forecasts 2025 profit in line with expectations as it seeks turnaround
Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021.John Thys | ReutersPfizer on Tuesday…
Micron shares plunge on weak second-quarter guidance
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares plunged 13% in…
Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth
Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.Shares of the company closed up 14% on…
Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike's turnaround will take a bit longer than expected under new CEO Elliott Hill, who outlined his strategy to return…
FedEx to spin off its freight trucking business
A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | ReutersFedEx announced the much-anticipated spinoff of…