When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods chain by cleaning up crowded aisles, scaling back coupons and doing away with popular national brands in favor of new, private-label goods. That strategy was repudiated on Wednesday, after the company reported another quarter of … Read more
Ukrainian rescuers sifted through the rubble of a shopping mall in Kremenchuk looking for survivors the day after it was struck by Russian missiles, killing at least 20, as Western leaders vowed fresh measures to increase economic pressure on Moscow to call off its forces. “More than a thousand people worked all night on the … Read more
Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $ 18 billion share buyback program, sending the apparel maker’s shares higher in the after-hours session. Nike NKE, -2.13% said it earned $ 1.4 billion, or 90 cents a share, in the fiscal fourth quarter, compared with … Read more
Volkswagen is close to selling a minority stake in its US electric-vehicle charge business to an arm of Siemens a deal that would value the network at more than $ 2 billion, according to people familiar with the matter. A sale of a stake in Volkswagen’s Electrify America LLC would generate additional funding as part … Read more
Amazon’s Prime Day Isn’t Quite the Blockbuster It Once WasThe Wall Street Journal
Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded, according to a report from the Democratic staff of the House Financial Services Committee. The committee held hearings in February 2021, questioning the chief executives … Read more
Pfizer says changing its COVID-19 vaccine to better target the omicron variant is safe and effective. The update, in a statement issued Saturday, comes just days before regulators determine if Americans should receive another round of booster shots beginning this fall. The most widely used vaccines currently in circulation mostly target the original, more dangerous … Read more
As 2022 approaches its midpoint with deepening concerns about recession and inflation, stocks with higher yields have performed relatively better than those with faster-growing payouts. But Donald Kilbride, the portfolio manager of the $ 53 billion Vanguard Dividend Growth fund (ticker: VDIGX), which focuses on rising payouts, not yield, is taking that into stride. As … Read more
Want Menswear You Can Brag About? Consider This OutfitThe Wall Street Journal 5 Menswear Items on Sale Now | Valet.Valet Mag View Full Coverage on Google News
Chip giant Intel Corp. is leading growth in cloud technology, according to new research from KeyBanc Capital Markets. Intel Corp. INTC, + 2.74% is the winner in KeyBanc’s latest monthly data tracking server processors used for “cloud instances” or services available via a public cloud. The research, which was released Thursday, focuses on newer processor … Read more