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Stock market
Macy's second quarter adjusted profit falls amid discount drive
August 22, 2023 11:40 PM AEST| By InvestingInvesting.com -- Macy’s (NYSE:M) has reported a decline in second quarter adjusted earnings, as the department store chain's move to roll out discounts aimed at clearing spring collections weighed on...
Lowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall
August 22, 2023 10:02 PM AEST| By InvestingInvesting.com -- U.S. futures traded higher Tuesday, continuing the previous session’s tech-led rally as investors digest more corporate earnings, particularly from the retail sector.
Dick's Sporting Goods slashes profit forecast, sending shares lower
August 22, 2023 09:50 PM AEST| By InvestingInvesting.com -- Shares in Dick’s Sporting Goods (NYSE:DKS) shed more than a sixth of their value in premarket trading on Tuesday after the athletic apparel retailer cut its annual earnings outlook an...
Macy's second quarter adjusted profit tops estimates amid clearance markdowns
August 22, 2023 09:18 PM AEST| By InvestingInvesting.com -- Macy's, Inc. (NYSE:M) has reported adjusted earnings per share in the second quarter of $0.26, topping estimates, as the department store chain rolled out discounts and promotions to...
4 big analyst cuts: Target slashed to Neutral after Q2 Earnings
August 22, 2023 09:12 PM AEST| By InvestingThis article first appeared in Investing.com
DIY group Lowe's posts second-quarter profit beat
August 22, 2023 09:10 PM AEST| By InvestingInvesting.com -- Lowe’s (NYSE:LOW) has reported a smaller-than-anticipated decline in second-quarter gross profit and backed its annual financial guidance, as online sales growth helped offset lower d...
Dow futures trade higher; Lowe's leads off more retail earnings
August 22, 2023 08:46 PM AEST| By InvestingThis article first appeared in Investing.com
Microsoft revises Activision deal in bid to gain U.K. regulatory approval
August 22, 2023 08:32 PM AEST| By InvestingInvesting.com -- Microsoft (NASDAQ:MSFT) has proposed a revised version of its merger with "Call of Duty"-maker Activision Blizzard (NASDAQ:ATVI) in a bid to receive approval from U.K. competition aut...
DIY group Lowe's posts net sales slip amid weaker demand for nonessential items
August 22, 2023 08:22 PM AEST| By InvestingInvesting.com -- Lowe’s (NYSE:LOW) has reported a decline in second-quarter earnings per share and net sales that narrowly missed estimates, as the home improvement chain was hit by lower demand for n...
4 big analyst picks: Restaurant Brands a new Buy at JPMorgan, AppLovin upgraded
August 22, 2023 08:06 PM AEST| By InvestingThis article first appeared in Investing.com
European stocks higher; tech sector leads the way
August 22, 2023 06:22 PM AEST| By InvestingShares of Amsterdam-listed chipmakers ASML Holding (AS:ASML), ASM International (AS:ASMI) and BE Semiconductor Industries (AS:BESI) gained between 1.4% and 2.0%.
European stock futures largely higher; U.S. tech gains help sentiment
August 22, 2023 04:24 PM AEST| By InvestingThis article first appeared in Investing.com
SoftBank rises as chip unit Arm files for Nasdaq IPO
August 22, 2023 03:42 PM AEST| By InvestingInvesting.com -- Shares of Japanese technology conglomerate SoftBank Group Corp (TYO:9984) rose on Tuesday after its unit, chip designer Arm, filed for a long-awaited initial public offering (IPO) on...
BHP FY profit slides as China metal demand dries up, shares dip
August 22, 2023 03:04 PM AEST| By InvestingInvesting.com -- BHP Group (ASX:BHP), the world’s largest miner, clocked a sharp decline in its fiscal 2023 profit on Tuesday as weakening metal demand in China, particularly for iron ore, weighed hea...
Asian stocks rise as tech strength helps offset U.S. rate fears
August 22, 2023 12:54 PM AEST| By InvestingInvesting.com -- Most Asian stocks rose on Tuesday, buoyed by a recovery in technology stocks ahead of key earnings from Nvidia Corp (NASDAQ:NVDA), although concerns over rising U.S. interest rates an...
Nvidia earnings preview: Skyrocketing AI demand boosts earnings forecasts
August 22, 2023 09:43 AM AEST| By InvestingInvesting.com - As Wednesday approaches, chip innovator NVIDIA Corporation (NASDAQ:NVDA) finds itself in the spotlight as investors eagerly anticipate a revenue forecast that surpasses expectations.
Things to watch: Tech stocks shine amid rising Treasury yields
August 22, 2023 09:20 AM AEST| By InvestingInvesting.com - Australia is poised for a market lift today, propelled by the robust performance of US stocks. The upward trend comes despite escalating Treasury note yields that offer investors attra...
Dow futures slip, Zoom lifts 4% after earnings
August 22, 2023 08:30 AM AEST| By InvestingInvesting.com - U.S. stock futures were trading slightly lower during Monday's evening deals, following a mixed session among major benchmark averages as the Nasdaq Composite and the S&P 500 each snap...
Charles Schwab rises on plan to cut office space for cost savings
August 22, 2023 06:58 AM AEST| By InvestingInvesting.com -- Charles Schwab Corp (NYSE:SCHW) said it plans to close or downsize certain corporate offices as it streamlines its operations after the integration of TD Ameritrade.
Stock market today: Dow slips as consumer staples, energy fall to offset tech
August 22, 2023 06:24 AM AEST| By InvestingInvesting.com -- The Dow closed lower Monday as weakness in consumer staples and energy offset an Nvidia-led rebound in tech despite a jump in Treasury yields to 16-year highs ahead of potential clues...
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