Alibaba earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg | ...
Tag: Retail industry
Walmart beats estimates, raises outlook as it sees stable consumer health
Walmart raised its forecast for the year on Thursday, as quarterly revenue grew nearly 5%, the company's stores and website ...
DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel ...
Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks ...
Equinox Group-owned gym chain Blink Fitness files for bankruptcy protection
A Blink Fitness gym is seen on Flatbush Avenue on August 12, 2024 in the Flatbush neighborhood of the Brooklyn ...
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm ...
Restaurant CEOs’ new favorite word is value as they aim to bring back customers
A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant ...
Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the ...
Kellanova stock climbs on reports of potential sale to M&M’s owner Mars
Signage for Kellanova outside the New York Stock Exchange on Sept. 5, 2023.APShares of Kellanova closed up 16% on Monday ...
DraftKings to tax winning bets in high-rate states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in ...
