Market News
Kohl's stock plummets 25% after massive earnings miss
CNBC - 30 May 2024 18:14
Kohl's shares plummeted more than 25% in early trading Thursday after the company posted weaker-than-expected earnings.
We're cutting our price target on Salesforce after mixed earnings, soft guidance
CNBC - 30 May 2024 04:37
We believe the sell-off Wednesday is overdone, but also understand stocks aren't rewarded when growth is slowing.
MongoDB shares sink 23% after management trims guidance
CNBC - 31 May 2024 01:04
CEO Dev Ittycheria cited slower-than-expected cloud database consumption growth during the quarter, which led MongoDB to lower its fiscal 2025 guidance.
Nordstrom misses Wall Street's earnings expectations, as off-price chain Rack lifts sales
CNBC - 31 May 2024 00:55
The department store operator Nordstrom stuck by its full-year forecast despite the miss.
Gap shares pop 20% as earnings beat on sales growth at all four brands
CNBC - 31 May 2024 00:48
Gap has been in the midst of a turnaround under CEO Richard Dickson, who has focused on better marketing and storytelling for the company's portfolio of brands.
Tech Stocks Lead Major Indexes Lower
Wall Street Journal - 31 May 2024 00:27
Drop in Treasury yields brings some relief.
Ulta Beauty lowers guidance after first-quarter sales slowdown
CNBC - 31 May 2024 00:22
Beauty has been a strong point for retailers as they face a consumer pullback in light of persistently higher costs.
Saudi Arabia Aims to Raise Up to $12 Billion in Aramco Stock Sale
Wall Street Journal - 31 May 2024 00:14
A sale of shares in the world's most valuable oil company is expected in coming days and weeks, following a Wall Street Journal report that the kingdom planned a large fundraising.
Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
CNBC - 30 May 2024 23:12
We believe our primary investment thesis is intact, and therefore reiterate our buy-equivalent 1 rating and $95 price target.
Fake discount on insurance premium: Three key lessons you can learn from this X user's experience
livemint.com - 30 May 2024 19:26
Insurers generally offer no-claims bonus instead of urging policyholders to make instant payment to claim discount on premium. So, any random call made by someone who claims to be an insurance company representative is l...
U.S. Crude Oil Stocks Fall More Than Expected
Wall Street Journal - 30 May 2024 19:26
Oil stocks fell by 4.2 million barrels -- a greater decline than was expected.
Salesforce Darkens the Skies for Cloud Software as AI Threat Looms
Wall Street Journal - 30 May 2024 18:35
Growth slows as big deals are taking longer to close and AI hype isn't yet paying off.
EPF: These are the services subscribers can avail on the unified member portal
livemint.com - 30 May 2024 17:00
On the EPF portal, subscribers can access their account details and make the changes (if necessary) relating to their contact details, KYC, nomination and even apply for claims.
Foot Locker stock surges 13% as turnaround shows signs of life
CNBC - 30 May 2024 15:56
Foot Locker is making gains under CEO Mary Dillon, who has been working to win back brands and Wall Street's confidence with an ambitious turnaround plan.
Best Buy posts another quarter of sluggish consumer electronics demand
CNBC - 30 May 2024 15:45
Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.
UBS Kicks Off Succession Race, Promoting Two CEO Candidates
Wall Street Journal - 30 May 2024 15:14
Sergio Ermotti, the incumbent chief executive, has said he expects to leave by around early 2027.
Tired of pesky calls? Soon 160 prefix for calls from banks, brokers, insurers, NBFCs, other service providers
livemint.com - 30 May 2024 15:06
Calls coming from government and regulators should have the prefix of 1600 and financial entities regulated by RBI, SEBI, PFRDA and IRDA should have the prefix of 1601, Department of Telecommunications said
Big Oil Companies Will Just Keep Getting Bigger
Wall Street Journal - 30 May 2024 15:00
ConocoPhillips is the latest to bulk up as investors pay up for size.
Personal loans for veterans: How are they different from regular ones? MintGenie explains
livemint.com - 30 May 2024 14:51
Veterans can apply for specialised personal loans from lenders who understand their unique financial needs.
You Can Thank Private Equity for That Enormous Doctor's Bill
Wall Street Journal - 30 May 2024 13:30
Private-equity investors have poured billions into healthcare but often game the system, hurting both doctors and patients. This is the first in a three-part series on concentration in American healthcare.
7 crucial steps to follow to get a personal loan after bankruptcy
livemint.com - 30 May 2024 13:06
Bankruptcy need not translate to ineligibility for a personal loan. Applying for a loan is still possible, albeit at higher interest rates.