Category: Cryptocurrency

Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid […]

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Shares of Alibaba tumbled close to 10% in early Hong Kong trading on Friday, a day after the Chinese e-commerce giant said it would not proceed with the […]

Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset a 7% year-over-year decline in sales. The department store chain’s shares jumped nearly 6%. In an interview with CNBC, CEO Jeff Gennette said the company has seen steady business across key categories for the holiday season, especially beauty. He said […]

Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter’s plans to try to turn around both the company’s performance and its public relations problems. He said the […]

Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer’s shares fell in extended trading after it gave a tepid fourth-quarter outlook. Here’s how the […]

A Gap retail store sign on September 20, 2022 in Los Angeles, California.  Allison Dinner | Getty Images Gap posted a better-than-expected fiscal third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta.  The company, which also runs […]

Atchison, Kansas. Walmart store logo with gardening products for sale.  Universal Images Group | Getty Images Walmart on Thursday topped Wall Street’s fiscal third-quarter earnings estimates as sales rose, but the big-box retailer struck a cautious tone with its outlook after it saw consumer spending weaken at the end of the period. The company’s shares […]

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2% […]

An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023.  Paul Weaver | Lightrocket | Getty Images Lowe’s on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself projects and caused its fiscal third-quarter sales to tumble nearly 13% year over year. […]

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers. The consumer electronics retailer beat Wall Street’s quarterly earnings expectations, but fell short […]