Month: May 2021

When comparing different blockchains, billionaire Mark Cuban looks at a few specific characteristics before investing. “Most people look at speed and cost compared to BTC [bitcoin] or ETH [ethereum],” Cuban tells CNBC Make It. “While those things can be important, I look at blockchains as networks with development platforms via smart contracts.”  Cuban is referring
0 Comments
Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 5% in extended trading on Thursday after the cloud software maker issued earnings and guidance that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.96
0 Comments
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap said Thursday its fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer. The retailer raised its sales outlook for the full year as Gap’s namesake banner in North America shows
0 Comments
Best Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company were up 2.5% Thursday afternoon after the home electronics and appliance retailer raised its forecast. Best Buy CEO Corie Barry said consumers decided to invest in technology and kitchen appliances
0 Comments
Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Nvidia reported first-quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared with last year. Earnings and sales both beat Wall Street expectations, but the shares were basically unchanged in extended trading. Here’s how the chipmaker did, versus Refinitiv consensus
0 Comments
Snowflake banners decorate the New York Stock Exchange to market the debut of the software company’s shares in New York on Sept. 16, 2020. Source: Snowflake Snowflake shares fell as much as 8% in extended trading on Wednesday after the data-analytics software company barely met analysts’ expectations for product revenue, the company’s main source of
0 Comments
A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle Outfitters reported Wednesday fiscal first-quarter earnings and sales that topped analysts’ estimates,
0 Comments
Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and revenue that topped analyst estimates, saying kids returning to team sports boosted sales. Dick’s also raised its full-year financial outlook,
0 Comments
Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings. But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected loss, and maintained its full-year outlook, despite other retail rivals boosting their forecasts in recent
0 Comments
Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021. MediaNews Group/The Mercury News via Getty Images | MediaNews Group | Getty Images Jurors in the trial of Elizabeth Holmes will hear evidence about her extravagant lifestyle as Theranos CEO
0 Comments
Vaccinated and unvaccinated Americans have different attitudes about the idea of traveling this spring, according to the findings from a marketing technology company. And they’re not different in the way you might assume. With travel bookings surging, data from New York-based Zeta Global indicates that unvaccinated Americans appear more comfortable traveling — and to more
0 Comments
Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s shares tumbled Thursday, despite the company reporting fiscal-first quarter profit and sales that exceeded expectations and hiking its full-year forecast. It hinted at additional costs and supply chain headwinds that it may face in
0 Comments
Petco Health and Wellness Company reported Thursday first-quarter earnings that outpaced Wall Street’s estimates as a surge in pet adoptions continues to help the retailer recruit new customers. Despite the better-than-expected performance, and an increased earnings forecast, Petco shares fell almost 3% on Thursday. “We’re attracting new customers and gaining market share in a growing
0 Comments
What’s a trip to Italy without exploring the vaulted passages of the Colosseum, skipping down the Spanish Steps and staring up in wonderous rapture at the Vatican’s Sistine Chapel? “Absolutely relaxing,” said Margherita Migliorini of Villa di Capannole, a luxury accommodation in the Tuscan countryside. Her family has owned the villa — which used to
0 Comments
In this image released on May 2, 2021, from left, Cisco CEO Chuck Robbins and Chief Public Affairs, Communications and Sustainability Officer of Coca-Cola Company Bea Perez speak onstage during Global Citizen VAX LIVE: The Concert To Reunite The World at SoFi Stadium in Inglewood, California. Kevin Winter | Getty Images Cisco shares fell 6%
0 Comments
Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Victoria’s Secret parent L Brands on Wednesday reported first-quarter earnings and sales that topped analysts’ estimates, driven by momentum across its business and more people paying full price for
0 Comments
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that fiscal first-quarter sales rose 24%, outpacing Wall Street expectations, as consumers continued to invest in their homes and sales picked up among
0 Comments
It’s taken Elon Musk decades to amass his more than $160 billion fortune. But a new online game lets you try to spend it all in under 30 seconds. The game, called “Spending Elon’s Money,” is available to play for free on the website of Leasing Options, a British car rental company.  Players start with
0 Comments
Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from rising vaccination rates, a reopening economy and busier social calendars: Customers gravitated to new merchandise, especially clothes. Some returned
0 Comments
Walmart on Tuesday reported first-quarter earnings that surged past Wall Street’s estimates as the company reported strong grocery sales and e-commerce growth and raised its outlook for the year. Shares closed Tuesday up 2.2% to $141.91. The big-box retailer said more shoppers have headed to its stores and website to spend stimulus checks and to
0 Comments
People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer Platt | Getty Images Macy’s on Tuesday reported a surprise first-quarter profit, as stimulus checks and the Covid vaccine rollout gave consumers more money and greater confidence to head back to the mall and refresh
0 Comments