Articles

Pool’s stock climbs on second-quarter top- and bottom-line beat

Pool Corp. shares rose 2.4% in premarket trading Thursday after the swimming-pool equipment company reported better-than-expected second-quarter revenue and earnings.

Lululemon’s stock gets a downgrade as spending on activewear slows further

Citi sees building competitive and execution challenges for Lululemon, whose stock ranks among the S&P 500’s worst performers this year.

Jobless claims show no signs of surge of layoffs

U.S. initial jobless claims retreated by 10,000 to 235,000 in the week ended July 20, the U.S. Labor Department said Thursday.

Royal Caribbean still seeing ‘very strong’ cruise demand even at record prices

Royal Caribbean reported Thursday quarterly profit that beat expectations and raised its full-year outlook, citing continued strong demand for cruises into next year and increased onboard spending.

Stock-market drop offers reminder that rate cuts can alarm investors, too

Surprise rate cuts by China’s central bank stoke worries about the world’s second largest economy, while a former Fed official’s call for an immediate easing rattled U.S. investors.

Chrysler parent Stellantis weighs price cuts as profit dives

Stellantis posted a steep first-half drop in earnings that fell below forecasts as more cars sat at dealerships in the U.S., prompting the company to consider price cuts and reduce production.

Durable-goods orders fall sharply in June after four straight gains

Orders down 6.6%, excluding volatile transportation up 0.5%

Japanese yen surges to fresh two-month high as carry-trade confidence crumbles

The Japanese yen early Thursday strengthened more than 1% to below 152 per U.S. dollar for the first time since early May.

Hasbro profit beats Wall Street estimate as digital gaming business grows

Hasbro’s second-quarter adjusted profit of $1.22 a share was well above the FactSet consensus estimate of 78 cents a share.

ServiceNow’s stock heads for best day since 2022 upon ‘unique’ AI traction

ServiceNow has a “solidifying position as one of the few true AI beneficiaries in software,” an analyst says.

NYCB stock drops on steeper-than-expected losses on office and multi-family loans

New York Community Bancorp’s stock fell 6% in premarket trading after the lender reported a second-quarter loss and larger-than-expected charge-offs mostly on office and multi-family property loans that it doesn’t expect to be paid back.

Dow’s stock dives as a weak economic recovery leads to rare earnings miss

Shares of Dow Inc. dove toward an eight-month low Thursday, after the materials-science company missed on second-quarter earnings, citing continued weakness in the economy.
1 415 416 417 418 419 1,793