brian cornell
Target Reports Largest Earnings Miss In 2 Years
Target reported earnings Wednesday that came in well below Wall Street’s expectations, which the big retail chain blamed on slower than expected demand.
adjusted loss
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Austan Goolsbee
S&P 500, Dow rise on boost from big bank earnings
The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.
AI
Nvidia Q2 sales likely to double, even a slight miss may hurt shares
Investors used to Nvidia’s blockbuster results will be expecting even more from the artificial intelligence chip giant.
April Jobs Report Shows Rising Prices Outpacing Earnings
April Jobs Report Shows Rising Prices Outpacing Earnings
The April jobs report showed that the U.S. economy added fewer jobs than expected and unemployment rose. Daniel Baldwin breaks down the numbers.
10-year Treasury note
Wall St edges up as Tesla and Apple gain; Fed decision awaited
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
aircraft
Southwest Airlines To Lay Off 2,000 Employees, Halt Service At 4 Airports
Southwest Airlines has announced that they will be laying off around 2,000 employees and closing operations at four different airports across the globe.
Alissa Centivany
Uber, Lyft drivers strike across US, demanding fairer pay
Drivers for Uber, Lyft and delivery workers for DoorDash were staging a strike seeking fair pay and better treatment.
$600 billion
What happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicated
The Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.