Macy’s posted fiscal second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends. The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share, and revenue between $21.15…
The chief financial officer of Elon Musk’s xAI reportedly left the company after just a few months on the job – the latest in a series of high-profile executive exits that have thinned out its ranks. Mike Liberatore, a former executive at Airbnb, left the CFO post in July, the Wall Street Journal reported, citing…
US retailer Macy’s forecast annual net sales will be between $21.15 billion and $21.45 billion, up on previous expectations and said it would increase prices selectively to soften the tariff hit from its reliance on manufacturing in China. Its new sales forecast was up from previous expectations of annual sales coming in between $21 billion…
Check out the companies making headlines in premarket trading. Alphabet — The parent of Google and YouTube jumped more than 6% after a federal judge ruled that Alphabet can keep its Chrome browser. But Google won’t be able to sign exclusive search deals and also has to share its data, the ruling said. Macy’s —…
The Google logo is seen outside a building housing Google offices in Beijing on February 4, 2025. China on February 4 said it would probe US tech giant Google over violations of anti-monopoly laws after Washington slapped 10 percent levies on Chinese goods. Greg Baker | Afp | Getty Images Alphabet shares rose 6% in…
BMW i Ventures announced in July that it was investing $11 million in a seed financing round for a California-based battery and technology developer, with hopes for advancing electric vehicle batteries domestically. According to Autoblog, Estes Energy Solutions has a goal to configure batteries with the specific budget and range of transportation firms in mind….
This year, Vogue’s September issue is landing with a different kind of thud. Anna Wintour named her successor as editor for Vogue’s prestigious US edition on Tuesday, but media and fashion insiders shrugged as the glossy faces declining readership — and relevance. The feared editrix, the icy inspiration for Meryl Streep’s cold and calculating fashion…
NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, and the…
Warren Buffett told CNBC on Tuesday that he is disappointed in the Kraft Heinz split that unwinds much of the blockbuster merger he masterminded a decade ago. With a 27.5% stake in the company, Berkshire Hathaway is Kraft Heinz’s largest shareholder. The firm has not touched its shares since the 2015 merger that formed the…
A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have…