4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
Best Buy surpassed Wall Street’s sales expectations for the quarter, but its outlook for the rest of the year is tempered due to reduced demand for kitchen appliances, computer monitors, and electronics in the post-pandemic period. CEO Corie Barry believes that this year will be the low point in tech demand, with stabilization and growth …
Walmart is hosting its first-ever seller summit for businesses who are part of its third-party marketplace. The two-day event features informative how-to sessions and speeches by the company’s top leaders. Melissa Repko | CNBC LAS VEGAS — Walmart is exploring innovative tactics to attract sellers to its third-party marketplace in an effort to boost online …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Safra Catz, the Chief Executive Officer of Oracle Corporation, rang the opening bell at the New York Stock Exchange (NYSE) in New York City on July 12, 2023. Brendan Mcdermid | Reuters Take a look at the companies grabbing attention before the market opens. Oracle — The software giant’s stock surged 2.7% following an upgrade …
This is the second installment of a three-part series focusing on organized retail crime. In this segment, we explore the claims made by retailers regarding the impact of theft on their business and the actions being taken by companies and policymakers to address the issue. To read the first story, click here. According to CNBC, …
On June 29, 2023, individuals can be seen walking around the University of North Carolina Chapel Hill campus in Chapel Hill, North Carolina, according to Eros Hoagland’s photograph. Alicia Browne, the director of housing administration at the University of Alabama, has observed a change in what college students bring with them on move-in days in …
Shoppers visiting Brickell City Centre in Miami, Florida on June 14, 2023, may have noticed a shift in the way companies are offering customer rewards. Airlines, retailers, and even companies like Dunkin’ and Sephora have become stingier with their perks, making it harder for customers to earn elite status, tightening return policies, and cracking down …
An Amazon Delivery Station in Alpharetta, Georgia. Justin Sullivan | Getty Images Amazon has been working towards same-day and next-day delivery as the new standard for its Prime members. Recently, Amazon announced a significant milestone in achieving this goal. In 2022 alone, the company has delivered 1.8 billion units to U.S. Prime members within one …
Jackyenjoyphotography | Moment | Getty Images The Biden administration announced on Tuesday that new labels proposed by the U.S. government could assist consumers in selecting smart appliances and fitness trackers that are considered relatively secure from cyberattacks. Internet-connected devices like refrigerators, TVs, microwaves, and climate controls may display the U.S. Cyber Trust Mark seal if …