The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust. Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will […]
Text size Uncredited Earnings highlights this week include Nike on Monday, Adobe on Monday, General Mills on Wednesday, and Darden Restaurants on Thursday. Nvidia will hold an investor day on Tuesday and Moderna will host an event Thursday to discuss its vaccine pipeline. Economic data out this week will include the Census Bureau’s new-home sales […]
Text size A customer browses gift-wrapping supplies at a Dollar Tree store in Louisville, Ky. Luke Sharrett/Bloomberg Same-store sales are critical for retailers, but many investors worry that they will fall in 2022 because 2021—a great year for the industry–gave them a hefty boost. Analysts have increased their estimates for the key metric for only […]
GameStop Corp. EMG 0.97% recorded a loss during the holiday quarter despite an increase in sales, surprising analysts who were expecting the videogame retailer to turn a profit. GameStop has been working to turn around its business under the leadership of a revamped executive team and board of directors. The Grapevine, Texas-based company on Thursday […]
Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today. The sharp rise in fuel costs, driven in large part by the war in Ukraine and related disruptions, is delivering another shock to the car business and triggering renewed focus on fuel economy […]
Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $4.83 a share on […]
Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $4.83 a share on […]
Interactive Platoon Co. PTON -4.91% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
Interactive Platoon Co. PTON -4.78% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
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