FedEx is the latest company to sound the alarm on the U.S. economy
FedEx will also spend less this year, calling for capital spending of $4.9 billion, compared with a previous expectation of $5.2 billion. The priority will be on investments in "network optimization ...
Nvidia's big GTC event had no big surprises, but here is where the bulls and bears disagree
On Thursday, Nvidia (NVDA) shares rose about 1% after a zigzag trading pattern since Huang's keynote on Tuesday at the company's GTC. The conference, which ends Friday, has about 25,000 attendees and ...
Japan Consumer Inflation Slowed in February Due to Government Energy Subsidies
​TOKYO--Japan's consumer inflation slowed in February thanks to the government's reintroduction of energy subsidies, but remained well above the Bank of Japan's target of 2%. Overall consumer prices ...
T-Mobile Finalizing Spectrum Deal With Private Equity Firm
T-Mobile inked a deal to divest its 800 MHz spectrum portfolio to Grain Management, a private investment firm that focuses on digital infrastructure and global-broadband solutions. In return, the cell ...
Stocks to Watch: FedEx, Nike, Lennar
Lennar posted higher-than-expected profit and revenue in its fiscal first quarter, but management warned investors of a weak housing market. The homebuilding posted earnings of $1.96 a share on ...
Nike says focus on athletes is paying off, but warns the toughest stretch of its turnaround is ahead
Shares of Nike Inc. slid after hours on Thursday after executives at the sneaker giant warned that its current quarter could take the biggest hit from its turnaround efforts, as it tries to clear out ...
FedEx Cuts Outlook, Despite Higher 3Q Profit, Sales — Update
The lowered outlook came as FedEx reported higher profit and sales in its fiscal third quarter, which included part of the holiday shipping season. The busy period was challenging, according to Chief ...
Colgate-Palmolive to Buy Back $5 Billion in Shares
Colgate-Palmolive said it would buy back $5 billion of shares. The consumer-goods company on Thursday said its board of directors approved the stock repurchases. As of Jan. 31, the company had around ...
Nike Forecast Steeper 4Q Sales Drop in Early Days of Turnaround — Update
The sportswear brand said Thursday that sales in its current fourth quarter are expected to drop at a rate in the mid-teens from a year ago, albeit at the low end of that range, following a 9.3% ...
Alnylam's Amvuttra Gets Approval for Expanded Indication From FDA
Alnylam Pharmaceuticals' amyloidosis drug Amvuttra received Food and Drug Administration approval for an expanded indication.
Nike Sees Sales Declines Accelerating in 4Q as Inventory Clearance Continues
The sportswear brand on Thursday said that it expects revenue to be down at the mid-teens rate from a year ago in its fiscal fourth quarter, albeit at the low end. Analysts polled by FactSet had ...
We Upgrade Moat Ratings for LY and Zozo to Wide; LY Shares Undervalued
We estimate Zozo has over 50% market share in the midluxury apparel e-commerce market and over 20% market share in the general apparel e-commerce market, making it the top platform in both markets.