Articles

Change Healthcare hack earlier this year created disruption across the healthcare sector

Kohl’s stock climbed Wednesday, after the department store chain reported fiscal second-quarter profit that beat expectations, to help offset another revenue miss amid continued softness in the core business.

Oil prices were edging lower on Wednesday morning, following a sharp pullback that halted a recent three-day rally ahead of the release of key U.S. inventories data.

Abercrombie & Fitch Co. reported better-than expected second-quarter earnings and raised its full-year outlook before market open Wednesday, boosted by strong performance in the Americas.

J.M. Smucker Co.’s stock was down 2.4% in premarket trading Wednesday after the packaged food giant reduced its full-year profit outlook, although it topped analyst estimates for its first-quarter profit.

Foot Locker’s stock was headed for a fall Wednesday, after the athletic shoe and apparel retailer reported quarterly results that beat expectations, but kept its full-year outlook unchanged.

Chewy now has 20 million active customers and net sales per active customer are a record $565.

CEO Gina Boswell said the company’s customers are still “cautious and value-seeking” and the retail environment remains dynamic.

Gavin Baker, the chief investment officer at Atreides Management, is a fan of two of the Magnificent Seven CEOs.

Nvidia’s key customers are Meta Platforms, Alphabet, Amazon.com, Microsoft and Tesla — and they’re spending big.

A sudden windfall can cause all sorts of problems if you aren’t ready for it.

Mortgage applications rose 0.5% on a weekly basis, the Mortgage Bankers Association said.