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Lowe’s beats Wall Street expectations as it starts to break out of sales slump

Lowe’s beats Wall Street expectations as it starts to break out of sales slump

Business News

A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City.  Spencer Platt | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead. The company said it expects full-year total sales sales to range from $83.5 billion to $84.5 […]

Lowe’s beats Wall Street expectations as it starts to break out of sales slump Read More »

Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales

Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales

Business News

Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise — Champion. On Wednesday, the cheap chic retailer announced that it’s struck a multi-year deal with the sportswear brand long associated with hoodies and sweatpants. Authentic Brands Group bought Champion from HanesBrands

Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales Read More »

Lucid CEO steps down; EV maker plans to more than double production in 2025

Lucid CEO steps down; EV maker plans to more than double production in 2025

Business News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.

Lucid CEO steps down; EV maker plans to more than double production in 2025 Read More »

How digitally native companies like Rothy’s are growing profitably in a new era for retail

How digitally native companies like Rothy’s are growing profitably in a new era for retail

Business News

Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO.  Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in January 2024. Under her direction, the company grew sales 17% to $211 million

How digitally native companies like Rothy’s are growing profitably in a new era for retail Read More »

Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access

Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access

Business News

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without

Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access Read More »

Home Depot will report earnings before the bell. Here’s what to expect

Home Depot will report earnings before the bell. Here’s what to expect

Business News

A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023. Jon Cherry | Bloomberg | Getty Images Home Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for do-it-yourself projects. The company is expected to release results around 6 a.m.

Home Depot will report earnings before the bell. Here’s what to expect Read More »

Anne Wojcicki has a new offer to take 23andMe private, this time for .7 million

Anne Wojcicki has a new offer to take 23andMe private, this time for $74.7 million

Technology News

Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023. Kelly Sullivan | Getty Images Entertainment | Getty Images 23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled genetic testing company private, according to a Friday filing with the U.S. Securities

Anne Wojcicki has a new offer to take 23andMe private, this time for $74.7 million Read More »

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

Finance News

Products of Hims & Hers displayed. Hims & Hers Shares of Hims & Hers Health tumbled more than 23% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved. Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drugs Wegovy and diabetes treatment Ozempic. Those

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage Read More »

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says

Business News

Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters The long-running U.S. shortage of Novo Nordisk‘s blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the Food and Drug Administration said on Friday.  The FDA’s decision will threaten the

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says Read More »

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