Shares of Blue Apron plunged Thursday after the meal-kit delivery company said during its earnings call that it was encountering unexpected costs tied to starting up a new facility. These costs, as well as further cuts in marketing spending, will likely result in more losses in the second half of the year. Blue Apron now
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With new CEO Jeff Gennette at the helm, Macy’s showed some signs Thursday of attaining his goal of returning to growth in same-store sales. Macy’s reported that second-quarter sales comps — including those made in departments licensed to third parties — fell 2.5 percent, but that was better than the 3.2 percent decline expected by
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21st Century Fox announced fourth-quarter earnings that beat expectations and revenue that narrowly missed. Here’s how the company did compared with what Wall Street expected: EPS: 36 cents vs. 35 cents, according to Thomson Reuters Revenue: $6.75 billion vs. $6.77 billion, according to Thomson Reuters The company’s earnings fell to 36 cents per share from
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Mylan’s stock bounced back in midday trading Wednesday from lower-than-expected second quarter earnings after the company’s management said its generic drug Advair is not being delayed by further FDA-required studies. After shares of the drug-maker dropped as far as 8 percent in premarket trading, Mylan’s CEO Heather Bresch clarified on a call with investors that
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The company also announced that it will no longer stream its movies on Netflix starting in 2019. Disney instead plans to launch in 2019 a direct-to-consumer streaming service, which will host its films exclusively. In a Tuesday interview with CNBC’s Julia Boorstin on “Closing Bell,” Iger said that Disney has “no plans” to pull Marvel
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When I advise my clients about their retirement, I can’t just focus on asking them, “How much are you saving?” or “Do you think you are conservative or aggressive?” These are questions to be addressed. However, a couple’s retirement is dependent on a few other financial disciplines that are interconnected with retirement planning to flesh
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Elon Musk’s car company Tesla appears to be leading the “arms race” for lithium-ion batteries — for now. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction of the company’s highly anticipated 35-gigawatt-hour (GWh) “Gigafactory 1” is still underway. “There’s a kind of arms race on
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Deciding not to expect repayment can reduce your anxiety. You still might second-guess your decision, especially if you have to come to terms with forfeiting a needed purchase or valued activity, or even delaying retirement, as you watch the funds vanish. Requests for financial help from family members can sabotage personal finances and emotional well-being.
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Gold spot prices have managed to increase this year to $1,268.36, up about 10 percent year to date. This price rise may have weighed on investor demand for gold-backed ETFs, according to the World Gold Council report. “This led to some investors taking a more cautious approach, reluctant to build positions after a strong price
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Akbar said they are looking for pockets of value within equity markets, so are rotating out of sectors such as technology and into areas which have underperformed, as the current environment of global growth will provide these areas with support. They are considering areas such as energy and basic materials. Newsome also suggested some sectors
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Tesla posted a narrower-than-expected second-quarter loss Wednesday, boosted by revenue that nearly doubled. The strong revenue was driven by deliveries of its Model S sedans and Model X SUVs, helping to relieve investor concerns that the upcoming Model 3 was cannibalizing sales of its higher-end models. Here’s how the company did compared to what Wall
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The Wall Street Journal first reported news of the agreement Tuesday. “We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange,” CBOE Holdings Chairman and CEO Ed Tilly said in a release. CBOE Holdings’ other subsidiaries include the Bats exchanges.
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