Sunday, November 24, 2024

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Stock Market

JD Sports shares slump as retailer scrapes bottom end of profit guidance

JD Sports reported an 8% drop in its pre-tax profits, to £917 million, that saw it achieve the bottom end of its £915-£925...

A 13-year-old girl worked 60 hours a week making car parts for Hyundai in Alabama, Labor Department says

Lawsuit alleges that a supplier for the South Korean car giant broke child-labor laws so egregiously that it “shocks the conscience.” Source link

Liquidity is starting to dry up as the Fed conducts QT and bank lending slows, says JPMorgan

Liquidity is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according...

Nio shares jump in Hong Kong on potential record sales in May

NIO’s shares rose sharply in Hong Kong on expectations the Chinese electric-vehicle maker’s deliveries would likely hit a record high in May. Source link...

Elon Musk’s pay package ‘outsized,’ proxy adviser says, urging shareholders to say no

A second proxy adviser has come out against Tesla Inc.’s Chief Executive Elon Musk’s pay package, dealing the EV maker another blow as...

Costco beats profit and sales forecasts, but stock pulls back from record highs

Costco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-based warehouse...

MongoDB’s stock set to tumble by a quarter as management voices caution

MongoDB took a cautious tone in discussing the year ahead, which is weighing heavily on its stock in Thursday’s extended session. Source link

Zscaler’s stock rockets as upbeat earnings offer relief to cybersecurity sector

After dropping about 5% in Thursday’s regular session during a software-sector rout, Zscaler’s stock surged 16% in the extended session. Source link

Gap’s stock jumps 23% as the retailer swings to profit and raises guidance

Gap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expectations, raised its...

The IRS plans to offer free online tax prep in all 50 states. Here’s what it means for you.

The IRS plans to expand the types of tax returns it can handle with Direct File, the government’s free online tax-prep platform. Source link...

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