Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Shares […]
Moderna stock falls as sinking Covid vaccine demand drives steep loss Read More »
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets. In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters
Target CEO says shoppers are pulling back, even on groceries Read More »
Holiday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation. The major trade group expects
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Shares of Peloton sank about 6%
Peloton shares sink on wider-than-expected loss, 'bad news' for paid subscriptions Read More »
Rafael Henrique | SOPA Images | LightRocket | Getty Images Disney said Wednesday that it had agreed to buy Comcast‘s one-third stake in streaming service Hulu, a long-expected outcome. Disney said it expects to pay Comcast’s NBCUniversal about $8.61 billion
Disney to buy remaining Hulu stake from Comcast in widely expected move Read More »
A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company’s initial public offering at the Nasdaq Market in New York on Sept. 28, 2017. Brendan McDermid | Reuters Shares of Roku soared
Roku stock soars on third-quarter revenue beat, solid outlook Read More »
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, on Nov. 1, 2022. Steve Nesius | Reuters The U.S. Space Force assigned 21 rocket launches to SpaceX
Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches Read More »
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw
E.l.f. Beauty blows past Wall Street's estimates, raises full-year guidance again Read More »
Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home goods market continues to be under
Wayfair losses narrow but sales come in short of expectations as demand remains tepid Read More »
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images Yum Brands on Wednesday reported quarterly revenue that fell
Slow Pizza Hut sales in the U.S. weigh on Yum Brands' revenue Read More »
