Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
Earnings
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link
Southwest’s December Meltdown to Cause Quarterly Loss
The airline said it lost up to $425 million in revenue after it canceled more than 16,700 flights in the...
Samsung Expects Big Drop in Profit on Slumping Tech Demand
High inflation and weak economies hit sales of memory chips and smartphones. Source link
U.S. Auto Sales in 2022 Worst in Over a Decade
BusinessAutos & TransportationAutos IndustryGM bucked last year’s industry declines to regain U.S. sales crown from Toyota Source link
Soaring Egg Prices Lead Nation’s Largest Producer to Record Sales
BusinessCal-Maine reports rising prices and healthy demand despite bird flu Source link
Hits Like ‘Top Gun: Maverick’ Buoyed 2022 Movie Box Office, to a Point
The combined superpowers of the Batman, Doctor Strange, the Minions, Maverick and Na’vi warriors couldn’t save Hollywood from a lackluster...
Why Many Cold Medicines Don’t Work to Relieve Congestion
HealthDoctors, pharmacists ask the FDA to stop the sale of versions of Benadryl, Mucinex, Theraflu and Tylenol after studies find...
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy
U.S. prosecutors, in an indictment unsealed Tuesday, accused the crypto exchange’s founder of a scheme to defraud customers and his...
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees. Source link
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration’s call for more investment to expand production and curb pump prices. Source...
Why You Can’t Find Wegovy, the Weight-Loss Drug
BusinessHealth CareHealthNovo Nordisk underestimated demand for drug that went viral on TikTok and YouTube Source link
Cruise Deals Surface Early With More Travelers Ready to Set Sail
Life & WorkTravelPeople are less hesitant vacationing at sea, so sales are popping up months earlier than usual. But discounts...
Apple Has No Easy Road Out of China
MarketsHeard on the StreetShort supply of iPhone Pro models threatens near-term sales mix, but China unrest also highlights long-term risk...
Deere’s Profit, Sales Rise as Supply-Chain Delays Recede
The world’s largest seller of farm tractors and crop harvesters said it expects strong demand for farm and construction equipment...
Best Buy, Dick’s Ease Fears About Holiday Spending
The retailers posted mixed quarterly results but said sales wouldn’t fall as much as expected. Source link
Walt Disney CFO, Others, Brought Concerns to Board Over Bob Chapek
BusinessMedia & MarketingCFO Christine McCarthy brought her concerns to the board after a calamitous November earnings call Source link
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of...
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire
NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and...
