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Earnings

Burberry replaces CEO, suspends dividend; shares dive 15%

by Adrian Jhonsan
Burberry replaces CEO, suspends dividend; shares dive 15%

Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged over …

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Categories World

5 key things we’re watching closely in the stock market this week

by Adrian Jhonsan
5 key things we’re watching closely in the stock market this week

Wall Street managed to finish higher this week despite Thursday’s brutal rotation out of tech stocks. The Dow Jones Industrial Average was the big winner on the week — advancing …

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Categories World

Ericsson jumps 6% as sales fall less than expected

by Adrian Jhonsan
Ericsson jumps 6% as sales fall less than expected

Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson shares leapt 8% to their highest level in nearly …

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Categories World

PepsiCo (PEP) earnings Q2 2024 earnings

by Adrian Jhonsan
PepsiCo (PEP) earnings Q2 2024 earnings

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo reported …

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Categories World

Delta Air Lines (DAL) earnings Q2 2024

by Monica Lozano
Delta Air Lines (DAL) earnings Q2 2024

Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of …

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Categories Travel

Company to cut 10% of workforce

by Ev Richard
Company to cut 10% of workforce

Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon.  Bruno de Carvalho | SOPA …

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Categories Technology

BP expects up to $2 billion impairment in 2Q on weak refining margins

by Adrian Jhonsan
BP expects up to  billion impairment in 2Q on weak refining margins

BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images BP shares dropped on …

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Categories World

Corning stock up 12% as AI boom drives stronger-than-expected demand

by Ev Richard
Corning stock up 12% as AI boom drives stronger-than-expected demand

Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020. The company, known …

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Categories Technology

Airline profits lag even as travel demand breaks records

by Monica Lozano
Airline profits lag even as travel demand breaks records

Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have …

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Categories Travel

Energy giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants

by Milton Acorn
Energy giant Shell to take up to a  billion impairment hit on Rotterdam, Singapore plants

The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images Energy giant Shell …

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Categories Science
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