Costco announces mixed earnings report as slower sales of ‘big-ticket’ items offset by higher food sales
Costco unveiled a mixed earnings report on Thursday that mostly beat expectations. Costco's CFO Richard Galanti noted some softness in sales of big-ticket items like electronics.
Salesforce profit outlook buoys software maker against activist investors
Salesforce hopes that the improved profitability it has gained from layoffs, especially in its Mergers and Acquisitions group will ward off attacks by activist investors.
Inflation gives Kroger's private brands a boost
U.S. grocer Kroger reported upbeat earnings and an optimistic 2023 outlook on Thursday after raising prices due to inflation, surprising Wall Street analysts.
Beer drinkers cut back as Bud Brewer AB InBev raises prices
Anheuser-Busch InBev, the maker of Budweiser, Bud Light, Bud Seltzer, Michelob Ultra and Stella Artois, is struggling to maintain sales as inflation bites.
Macy’s earnings beat Wall Street on less promotion and 'strategic markdowns'
Macy’s beat Wall Street analysts’ predictions for sales and revenue over the fourth quarter and full year 2022.
Dollar Tree profits from raising prices above $1 level
Retailer Dollar Tree beat Wall Street analysts’ expectations in their fourth quarter and fiscal full-year 2022 earnings report after raising price points in stores.
Rivian shares fall on mixed results, new recall
Electric automaker Rivian reported mixed results along with its second recall in less than six months. The recall involves nearly 89% of the vehicles produced through September.
US markets, economy seeing 'no real cracks in financial conditions': Shana Sissel
Banrion Capital Management founder Shana Sissel explains why she's not predicting a 'deep' recession in the second half of 2023.
Economy on Main Street has been 'pretty darn strong': Nathan Stovall
S&P Global Market Intelligence lead bank analyst Nathan Stovall discusses the earnings season and banks tightening their lending standards.
Target CEO gives cautious outlook after sales, profits improve
Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.
Tesla investor day comes with stock rebounding, CEO Musk tweets Master Plan will be unveiled
Tesla will host the company’s first annual investor day on March 1, at its gigafactory facility in Austin, Texas and unveil its third Master Plan.
Warren Buffett grabs Wall Street's attention by blasting buy back critics
Check Capital Management president and CIO Steven Check reacts to Wall Street legend Warren Buffett calling stock buyback critics economically 'illiterate' on 'The Claman Countdown.'
FuboTV's David Gandler unveils what the future holds for investors
FuboTV CEO David Gandler joins 'The Claman Countdown' to discuss subscription prices, competition with YouTube, and the impact of the Super Bowl on viewership.
TikTok ban, Supreme Court student loan hearing and Tesla Investor Day top week ahead
A wild week for investors is ahead as Wall Street tackles new rules, $100s of billions in student debt hang in the balance, and inflation continues to balloon.
Carvana veers clear of junkyard—for now
Carvana’s fourth-quarter results showed revenue fell 24% compared with a year earlier.
Hostess brings innovation to millennial parents with Kazbars
Hostess Brands president and CEO Andrew Callahan discusses the bakery giant's sweet earnings report, telling 'The Claman Countdown' price hikes are done despite a spike in sugar prices.
Beyond Meat shares blast higher after company posts smaller loss
Plant-based protein maker Beyond Meat saw its stock surge more than 22% Friday morning, after showing it trimmed its losses in the fourth quarter with cost-cutting efforts.
Alibaba posts lackluster growth, hit by China’s pandemic control measures
Alibaba’s quarterly revenue rose 2% from a year earlier as the Chinese tech company recovers from last years zero-covid lockdowns and a recent regulatory crackdown.
Nvidia shares soar day after Intel cuts dividend
Chipmaker Nvidia’s shares are up on Thursday after the company reported better-than-expected quarterly earnings on Wednesday and rival Intel slashed its shareholder dividend.
When the Fed stops rate hikes, 'better days are ahead' for markets: Kevin Mahn
Hennion & Walsh Asset Management President and CIO Kevin Mahn says if the Federal Reserve remains 'aggressive' on rates, only then might stocks see a 'tough day.'