Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
Earnings
The Technology Skills Every Employee Should Have Today
Journal Reports: TechnologyWhat Is a Digital Twin? And How Can It Make Companies—and Cities—More Efficient?By Jackie SnowMarch 17, 2023 at...
February Retail Sales to Show if Consumers Pulled Back
Credit- and debit-card data showed spending lost momentum. Source link
WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact
The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is...
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
How Chili’s Is Prepping for Tough Times, Starting With the Fries
Rising costs and a shortage of workers are pushing the Southwest-style restaurant chain to do more with lessTanner Davison dining...
Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
Wendy’s Targets Sales Growth Amid Restructuring
BusinessEarningsFor 2023, fast-food company expects global systemwide sales to grow 6% to 8% Source link
Rivian Posts Mixed Quarterly Results, Issues New Recall
The move comes as the company’s cash burn accelerates and it continues to lose money as it tries to scale...
Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
Airlines Are Posting Big Profits After Raising Fares, Cutting Costs
BusinessRecovery takes hold as travelers take advantage of reopened borders Source link
Moderna’s Earnings, Revenue Fall on Fewer Covid Vaccine Sales
Demand for its Covid-19 vaccine sank from year-earlier highs when the spread of the Omicron variant boosted sales. Source link
Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders
Stellantis is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of...
Disney’s New ‘Ant-Man’ Movie Brings in Over $100 Million on Opening Weekend
Early performance from “Ant-Man and the Wasp: Quantumania” has surpassed studio projections, company executive says. Source link
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus
EconomyEconomy Week AheadThe Federal Reserve also slated to release minutes about interest rates Source link
AMC Networks Earnings Top Views as Company Slashes Costs
Kristin Dolan, the spouse of interim Executive Chairman James Dolan, is set to take over as CEO of the company...
Paramount to Raise Paramount+ Prices as It Combines With Showtime
Paramount+ gained 9.9 million subscribers in the fourth quarter, boosting its customer base to nearly 56 million. Source link
New York Times Adds 240,000 Digital Subscribers
BusinessCompany expects digital-ad revenue to shrink amid ‘tough market’ Source link
